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Hi there, my worksheet is not balancing. Can someone please fix it? Assignment: Using the additional information below for Sandy Company, record the year-end adjustments

Hi there, my worksheet is not balancing. Can someone please fix it?

Assignment:

Using the additional information below for Sandy Company, record the year-end adjustments in the Adjustments column of the worksheet provided. Extend all amounts to the Income Statement and the Balance Sheet column. Balance the worksheet. The year-end date is December 31, 2019.

The fiscal period is one year.

1. Supplies on hand at Dec. 31 are valued at $900

2. Equipment depreciation or amortization is 10%, using the declining-balance method.

3. Late arriving invoice on Jan 4th for Advertising bought on Dec. 14th of $750.00 +HST owed.

4. Insurance policy worth $1500 was purchased May 1, 2019.

Here is my document

image text in transcribed
Acc Trial Balance Adjustments Income Statement Balance Sheet Accounts No DR CR DR CR DR CR DR CR Bank 140,000.00 140,000.00 Accounts Receivable 68,000.00 68,000.00 Supplies 2.950.00 2050 900.00 Prepaid Insurance 1,500.00 1,000.00 500.00 Equipment 18,000.00 18,000.00 Acc. Depreciation/ Amortization - Equipment 1,800.00 1,620.00 3,420.00 Accounts Payable 26,000.00 750 25,250.00 HST Payable 1,000.00 97.5 1,097.50 HST Recoverable 825 825 Bank Loan 32,000.00 32,000.00 Mortgage 80,000.00 80,000.00 A. Lau, Capital 63.675.00 63,675.00 A. Lau, Drawings 8,600.00 8,600.00 Sales 255,000.00 255,000.00 Advertising Expense 15,000.00 847.5 15,847.50 Office Expenses 3,000.00 3,000.00 Repair Expenses 9.600.00 9,600.00 Interest Expenses 4,000.00 4,000.00 Office Salaries Expense 72,000.00 72,000.00 Store Salaries Expenses 116,000.00 116,000.00 459,475.00 459,475.00 Supplies Expense 2050 2,050.00 Insurance Expense 1000 1,000.00 Depreciation Expense 1620 1620 225,117.50 255000 236,825.00 205,442.50 Net Income 29,882.50 31,382.50

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