Hello, I was wondering if you could help me with Chapter 3 Cumulative Comprehension Problem: Echo Systems its in the book Fundamental Accounting Principles. This is what I need help with:

3. Prepare adjusted trail balance as of December 31, 2017.

4. Prepare an income statement and statement of changes in equity for the three months ended December 31, 2017.

5. Prepare a balance sheet as of December 31, 2017

Echo Systems
Trial Balance
November 30 2017
Account Titles						Debit	Credit
Cash						$ 70,340
Accounts Receivable						18,900
Computer Supplies						4,560
Prepaid Insurance						4,320
Prepaid Rent						9,000
Office Equipment						18,000
Computer Equipment						36,000
Accounts Payable							$ -
Mary Graham, Capital							144,000
Mary Graham, Withdrawals						10,800
Computer Services Revenue							40,950
Wages Expense						4,200
Advertising Expense						3,720
Mileage Expense						2,200
Repairs Expense, Computer						1,410
Charitable Donations Expense						1,500
Totals						$ 184,950	$ 184,950

3. Outline the goal of finaneld 4. Recommend an appropriate a ccounting polly statements Cumulative Comprehension Problem: Echo Systems comprehensive problem was introduced in Chapter 2 and continues in Chanter ets presented in Chapter 2. Because of its tength, this problem is most easily 4 and 5. e segment has not been completed, the assignment can begin at this poin Papers10 that accompany this book.) (This compre the Chapter 2 use the facts the Working are available on Connect 10 If students have not purchased the Working Papers package, the Working Papers for the Serial Problem are 228 CHAPTER 3 Adjusting Accounts for Financial Statements e success of its first two months, Mary Graham has decided to continue operating Echo Sys- ter the The transactions that occurred in these months are described in Chapter 2) Before proceeding Graham adds these new accounts to the chart of accounts for the ledger No. Accumulated Depreciation, Office Equipment Accumulated Depreciation, Computer Equipment Wages Payable Unearned Computer Services Revenue oepreciation Expense, Office Equipment Depreciation Expense, Computer Equipment Insurance Expense Rent Expense sing 164 168 210 236 612 ton613 637 nce 640 652 Required 1. Prepare journal entries to record each of the following transactions for Echo Systems. Post the entries to the accounts in the ledger. Paid $2.100 to the Lakeshore Mall for the company's share of mall advertising costs. Paid $1.200 to repair the company's computer Received $7,500 from Alamo Engineering Co. for the recelvable from the prior month. Paid Carly Smith for six days' work at the rate of $200 per day. Notified by Alamo Engineering Co. that Echo's bid of $12.000 an a proposed project was accepted. Alamo paid an advance of $3,000. 3 3 4 10 14 Dec. d are e for nced e of In- ave for 17 Purchased $2,310 of computer supplies on credit from Abbott Office Products s Sent a reminder to Fostek Co. to pay the tee for services originally recorded on November 8. 20 Completed a project for Elite Corporation ad received $11.250 cash. 24-28 Took the week off for the holidays. 31 Received $5,700 from Fostek Co. on its receivable 31 Reimbursed Mary Graham's business automobile expenses of 600 kilometres at $1.00 per kilometre. 1 Graham withdrew $3,600 cash from the business. 2. Prepare adjusting entries to record the following additional information collected on December 81, 2017. Post the entries to the accounts in the ledger a. The December 31 inventory of computer supplies was $1,440. b. Three months have passed since the annual insurance premium was paid. c As of the end of the year, Carly Smith has not been paid for four days of work at the rate of 8200 per day. cmputer is expected to have a four-year life with no residual value. . The office equipment is expected to have a three-year life with no residual value. t. Prepaid rent for three of the four months has expired. 3. Prepare an adjusted trial balance as of December 31, 2017 epare an income statement and statement of changes in equity for the three months ended December 31, 2017 pare a balance sheet as of December 31, 2017 229