HALF OF MY QUESTION IS DONE I NEED HELP WITH THE OTHER HALF PLS$!!!$ TYSM$!!!$

Cayuga Ltd$.$ prepared the following trial balance at the end of its first year of operations ended December $31.$ To simplify the case, the amounts given are in thousands of dollars. Other data not yet recorded at December $31$ are as follows: Cayuga Ltd$.$ prepared the following trial balance at the end of its first year of operations ended December $31.$ To simplify the case, the amounts given are in thousands of dollars. Other data not yet recorded at December $31$ are as follows:

$\backslash$table$[[$Account Title,Unadjusted$],[,],[$Cash$,$$$52,],[$Accounts receivable,$23,],[$Prepaid insurance,$10,],[$Machinery $(20-$year life, no residual value$),160,],[$Accumulated depreciation,,$$16],[$Accounts payable,,$23],[$Wages payable,,$],[$Income taxes payable,,$],[$Contributed capital $(8,000$ common shares$),,136],[$Retained earnings $($deficit$),8,],[$Revenues $($not detailed$),,124],[$Expenses $($not detailed$),46,],[$Totals$,$$$299,$$$299]]$

a$.$ Insurance expired during the year, $$8.$

b$.$ Depreciation expense for the year, $$8.$

c$.$ Wages payable, $$10.$

d$.$ Income tax expense, $$23.$

Required: $$

Prepare the adjusting entries for the year. $($Enter your answers in thousands of dollars. If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.$)$

Answer is complete and correct.

$\backslash$table$[[$No$,$Transaction,General Jourr,,Debit,Credit$],[1,$a$.,$Insurance expense,$(,8(,],[,$Prepaid insurance,$(,,8?],[2,$b$.,$Depreciation expense,$2,8?,],[,$Accumulated depreciation, machinery,$(,,8?],[3,$c$.,$Wages expense,$(,10,],[,$Wages payable,$2,,10?],[4,$d$.,$Income tax expense,$(,23>,],[,$Income tax payable,$(,,23$vv$]]$ Show the effects of the adjusting entries on net earnings and cash. $($Enter your answers in thousands of dollars. Select "None" if

there is no effect.$)$

Answer is complete and correct.

Complete the trial balance Adjustments and Adjusted columns. $($For revenues and expenses enter the total amount of

adjustments in the adjustment column. Enter your answers in thousands of dollars.$)$

Answer is not complete. $4-$a$.$ Using the adjusted balances, prepare a statement of earnings. $($Enter your answers in thousands of dollars. Round "Earnings per

share" to $2$ decimal places.$)$

Answer is not complete.

$4-$b$.$ Using the adjusted balances, prepare a statement of changes in equity. $($Enter your answers in thousands of dollars. Negative

answers should be indicated by minus sign.$)$

Answer is not complete. $4-$c$.$ Using the adjusted balances, prepare a statement of financial position. $($Enter your answers in thousands of dollars. Amounts to

be deducted should be indicated with a minus sign.$)$Using the adjusted balances, prepare the closing entries for the year. $($Enter your answers in thousands of dollars. If no entry is

required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.$)$

Journal entry worksheet

Record entry to transfer revenues to income summary.

Note: Enter debits before credits.