Help with closing entries of the revenue and expense accounts. Also the statement of cash flows. all transactions are in the first photo. adjustments are in the second.

1 The trial balance of Pacilio Security Services, Inc. as of January 1, Year 8, had the following normal balances: 50 points Cash Tetty cash Accounts receivable Allowance for doubtful accounts Supplies Prepaid rent Merchandise inventory (18 $285) Land Salarios payable Common stock Retained earnings $93, 708 100 22,540 1,334 250 3,600 5,130 4,000 2,100 50,000 75,894 LOGO Prat rences During Your 8, Pacilio Security Services experienced the following transactions: 1. Poid the salores payable from Year % 2. Purchased equipment and a van for a lump sum of $36,000 cash on January 2, Yoar 8. The equipment was appraised for $10.000 and the van was appraised for $30,000 3. Paid $9,000 on May 1 Year 8, for one year's office rent in advance. 4. Purchased $300 of supplies on account 5. Purchased 120 alarm systems at a cost of $280 each. Paid cash for the purchase, 6. After numerous ottempts to collect from customers, wrote off $2,350 of uncollectible accounts receivable. 7. Sold 115 alarm systems for $580 each. All sales were on account 8. Record the cost of goods sold related to the sale from Event 7 using the FIFO method. 9. Billed $86,000 of monitoring services for the year Credit card soles amounted to $36,000, and the credit card company charged a 4 percent fee. The remaining $50,000 were sales on account 10. Replenished the petty cash fund on June 30. The fund had $12 cash and receipts of $45 for yord mowing. $28 for office supplies expense, and $11 for miscellaneous expenses 11. Collected the amount due from the credit card company 12. Paid Installers and other employees a total of $52,000 cash for salaries. 13. Collected $115,500 of accounts receivable during the year 14. Paid $12.500 of advertising expense during the year, 15. Pald $6.800 of utilities expense for the year 16. Sold the land, which was purchased in 2011, for $12,000 17. Paid the accounts payable 18. Paid a dividend of $10,000 to the shareholders. Adjustments 19. Determined that $180 of supplies were on hand at the end of the year. 20. Recognized the expired rent for both the old van and the office building for the year. The lease on the van was not renewed. Rent paid on March 1, Year 7. for the van was $4,800, 21. Recognized uncollectible accounts expense for the year using the allowance method. Pacilio estimates that 3 percent of sales on account will not be collected 22. Recognized depreciation expense on the equipment and the van. The equipment has a five-year life and a $2,000 salvage value The van has a four-year life and a $6,000 salvage value. The company uses double-declining balance for the van and straight-line for the equipment 23. Accrued salaries at December 31, Year 8, were $1,500, General General Income Requirement Balance Changes in Trial Balance Journal Statement Ledger Statement SE Sheet Analysis of CF General Journal tab - Prepare the journal entries to record transactions (1) through (18). Then prepare the necessary adjusting entries (19) through (23) to correctly report net income for the period. Then record the closing entries (24) through (26) as of December 31, Year 8. General Ledger tab - Each journal entry is posted automatically to the general ledger. Trial Balance tab - The ending balance values from the General Ledger tab flows through to the Trial Balance tab. Income Statement tab - Use the drop-down to select the accounts properly included on the income statement. Statement of Changes in Stockholders' Equity tab - Prepare the statement of changes in stockholders' equity for the year ended December 31, Year 8. Balance Sheet tab - Prepare a classified Balance Sheet at December 31, Year 8. Statement of Cash flows - Prepare the statement of cash flow for year ended December 31, Year 8. Analysis tab - Use a horizontal statements model to show how each transaction affects the balance sheet, income statement, and statement of cash flows. View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 Dec 31 2,100 Salaries payable Cash 2,100 2 Jan 02 9,000 Equipment Van Cash 27,000 36,000 3 May 01 9,000 Prepaid rent Cash 9,000 4 Dec 31 300 Supplies Accounts payable 300 5 Dec 31 Merchandise inventory Cash 33,600 33,600 6 Dec 31 2,350 Allowance for doubtful accounts Accounts receivable 2,350 7 Dec 31 Accounts receivable Alarm sales 66,700 66,700 B Dec 31 Cost of goods sold Merchandise inventory 32,290 32,290 9 Dec 31 Accounts receivable - Credit card Accounts receivable Credit card expense Monitoring service revenue 34,560 50,000 1,440 86,000 10 Dec 31 45 28 Maintenance expense Office supplies expense Miscellaneous expense Cash short and over 11 4 11 Dec 31 34,560 Cash Accounts receivable - Credit card 34,560 ces 12 Dec 31 Salaries expense Cash 52,000 52,000 13 Dec 31 115,500 Cash Accounts receivable 115,500 14 Dec 31 Advertising expense Cash 12,500 12,500 15 Dec 31 Utilities expense Cash 6,800 6,800 16 Dec 31 Cash 12,000 Land 4,000 8,000 17 Dec 31 Accounts payable 300 Cash 300 18 Dec 31 10,000 Dividends Cash 10,000 19 Dec 31 370 Supplies expense Supplies 370 20 Mar 01 Rent expense 9,600 Prepaid rent 9,600 21 Dec 31 Uncollectible accounts expense Allowance for doubtful accounts 3,501 3,501 22 Dec 31 Depreciation expense Accumulated depreciation 14,900 14,900 23 Dec 31 Salaries expense Salarios payable 1,500 1,500 1 The trial balance of Pacilio Security Services, Inc. as of January 1, Year 8, had the following normal balances: 50 points Cash Tetty cash Accounts receivable Allowance for doubtful accounts Supplies Prepaid rent Merchandise inventory (18 $285) Land Salarios payable Common stock Retained earnings $93, 708 100 22,540 1,334 250 3,600 5,130 4,000 2,100 50,000 75,894 LOGO Prat rences During Your 8, Pacilio Security Services experienced the following transactions: 1. Poid the salores payable from Year % 2. Purchased equipment and a van for a lump sum of $36,000 cash on January 2, Yoar 8. The equipment was appraised for $10.000 and the van was appraised for $30,000 3. Paid $9,000 on May 1 Year 8, for one year's office rent in advance. 4. Purchased $300 of supplies on account 5. Purchased 120 alarm systems at a cost of $280 each. Paid cash for the purchase, 6. After numerous ottempts to collect from customers, wrote off $2,350 of uncollectible accounts receivable. 7. Sold 115 alarm systems for $580 each. All sales were on account 8. Record the cost of goods sold related to the sale from Event 7 using the FIFO method. 9. Billed $86,000 of monitoring services for the year Credit card soles amounted to $36,000, and the credit card company charged a 4 percent fee. The remaining $50,000 were sales on account 10. Replenished the petty cash fund on June 30. The fund had $12 cash and receipts of $45 for yord mowing. $28 for office supplies expense, and $11 for miscellaneous expenses 11. Collected the amount due from the credit card company 12. Paid Installers and other employees a total of $52,000 cash for salaries. 13. Collected $115,500 of accounts receivable during the year 14. Paid $12.500 of advertising expense during the year, 15. Pald $6.800 of utilities expense for the year 16. Sold the land, which was purchased in 2011, for $12,000 17. Paid the accounts payable 18. Paid a dividend of $10,000 to the shareholders. Adjustments 19. Determined that $180 of supplies were on hand at the end of the year. 20. Recognized the expired rent for both the old van and the office building for the year. The lease on the van was not renewed. Rent paid on March 1, Year 7. for the van was $4,800, 21. Recognized uncollectible accounts expense for the year using the allowance method. Pacilio estimates that 3 percent of sales on account will not be collected 22. Recognized depreciation expense on the equipment and the van. The equipment has a five-year life and a $2,000 salvage value The van has a four-year life and a $6,000 salvage value. The company uses double-declining balance for the van and straight-line for the equipment 23. Accrued salaries at December 31, Year 8, were $1,500, General General Income Requirement Balance Changes in Trial Balance Journal Statement Ledger Statement SE Sheet Analysis of CF General Journal tab - Prepare the journal entries to record transactions (1) through (18). Then prepare the necessary adjusting entries (19) through (23) to correctly report net income for the period. Then record the closing entries (24) through (26) as of December 31, Year 8. General Ledger tab - Each journal entry is posted automatically to the general ledger. Trial Balance tab - The ending balance values from the General Ledger tab flows through to the Trial Balance tab. Income Statement tab - Use the drop-down to select the accounts properly included on the income statement. Statement of Changes in Stockholders' Equity tab - Prepare the statement of changes in stockholders' equity for the year ended December 31, Year 8. Balance Sheet tab - Prepare a classified Balance Sheet at December 31, Year 8. Statement of Cash flows - Prepare the statement of cash flow for year ended December 31, Year 8. Analysis tab - Use a horizontal statements model to show how each transaction affects the balance sheet, income statement, and statement of cash flows. View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 Dec 31 2,100 Salaries payable Cash 2,100 2 Jan 02 9,000 Equipment Van Cash 27,000 36,000 3 May 01 9,000 Prepaid rent Cash 9,000 4 Dec 31 300 Supplies Accounts payable 300 5 Dec 31 Merchandise inventory Cash 33,600 33,600 6 Dec 31 2,350 Allowance for doubtful accounts Accounts receivable 2,350 7 Dec 31 Accounts receivable Alarm sales 66,700 66,700 B Dec 31 Cost of goods sold Merchandise inventory 32,290 32,290 9 Dec 31 Accounts receivable - Credit card Accounts receivable Credit card expense Monitoring service revenue 34,560 50,000 1,440 86,000 10 Dec 31 45 28 Maintenance expense Office supplies expense Miscellaneous expense Cash short and over 11 4 11 Dec 31 34,560 Cash Accounts receivable - Credit card 34,560 ces 12 Dec 31 Salaries expense Cash 52,000 52,000 13 Dec 31 115,500 Cash Accounts receivable 115,500 14 Dec 31 Advertising expense Cash 12,500 12,500 15 Dec 31 Utilities expense Cash 6,800 6,800 16 Dec 31 Cash 12,000 Land 4,000 8,000 17 Dec 31 Accounts payable 300 Cash 300 18 Dec 31 10,000 Dividends Cash 10,000 19 Dec 31 370 Supplies expense Supplies 370 20 Mar 01 Rent expense 9,600 Prepaid rent 9,600 21 Dec 31 Uncollectible accounts expense Allowance for doubtful accounts 3,501 3,501 22 Dec 31 Depreciation expense Accumulated depreciation 14,900 14,900 23 Dec 31 Salaries expense Salarios payable 1,500 1,500