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

statements. Cumulative Comprehension Problem: Echo Systems (This comprehensive problem was introduced in Chapter 2 and continues in Chapters 4 and 5 the Chapter 2 segment has not been completed, the assignment can begin at this point. You need use the facts presented in Chapter 2. Because of its length, this problem is most easily solved if you the Working Papers10 that accompany this book.) 10 If students have not purchased the Working Papers package, the Working Papers for the Serial Problem are available on Connect 228 CHAPTER 3 Adjusting Accounts for Financial Statements After the success of its first two ns (The months, Mary Graham has decided to continue operating transactions that occurred in these months are described in Chapter 2.) Before p n adds these new accounts to the chart of ccounts for the ledger rens (The transactions tht Echo Sys- oceeding in Decemiber, Graham adds these nues to leasing Accumulated Depreciation, Orfice Equipment... Accumulated Depreciation, Computer Equipment Wages Payable Unearned Computer Services Revenue Depreciation Expense, Office Equigment Depreciation Expenise. Computer Equipment Insurance Expense Rent Expen Computer Supplies Expense. No. 164 168 210 236 612 613 637 640 652 Required 1. Prepare journal ent ries to record each of the following transactions for Echo Systems. Post the entries to the accounts in the ledger. nd are ture for inanced of 000. In- u leave tion for Dec. 3 Paid $2,100 to the Lakeshore Mall for the e oompany's share of mall advertising costs. 3 Paid $1,200 to repair the company's computer. 4 Received $7.500 from Alamo Engineering Co. for the receivable from the prior month. 10 Paid Carly Smith for six days' work at the rate of $200 per day. 14 Notified by Alamo Engineering Co. that Echo's bid of $12,000 on a proposed project was eccepted. Alarmo paid l life an advance of $3.000. 17 Purchased $2,310 of computer supplies on credit from Abbott Office Products. 18 Sent a reminder to Fostek Co. to pay the fee for services onginally recorded on November 8. 20 Completed a project for Elite Corporation and recaived $11,250 cash 24-28 Took the week oft for the holidays 31 Received $5,700 from Fostek Co. an its receivable. 31 Reimbursed Mary Graham's business automobile expenses of 600 kilometres at $1.00 per kilormetre. 31 Graham withdrew $3,600 cash from the business. 2. Prepare adjusting entries to record the following additional information collected on December 31, 2017. Post the entries to the accounts in the ledger a. The December 31 inventory of computer supplies was $1,440 b. Th e. As cial ree months have passed since of the end of the year, Carly Smith has not been paid for four days of work at the rate of the annual insurance premium was paid. 8200 per day d. The computer is expected to have a four-year life with no residual value e. The office cquipment is expected to have a three-year life with no residual value f. Prepaid rent for three of the four months has expired. 5. If ed to use 3. Prepare an adjusted trial 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 229