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how do I fix the balance sheet and income statement with this information? Required Information (The following information applies to the questions displayed below.) Al

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how do I fix the balance sheet and income statement with this information?
Required Information (The following information applies to the questions displayed below.) Al of the current year's entries for Zimmerman Company have been made, except the following adjusting entries. The company's annual accounting year ends on December 31. a On September 1 of the current year, Zimmerman collected six months' rent of $9.600 on storage space. At that date, Zimmerman debited Cash and credited Unearned Rent Revenue for $9,600. b. On October 1 of the current year, the company borrowed $18,000 from a local bank and signed a one year, 12 percent note for that amount. The principal and Interest are payable on the maturity date. Depreciation of $3.500 must be recognized on a service truck purchased in July of the current year at a cos: of $22,000 d Cash of $3,000 was collected on November of the current year for services to be rendered evenly over the next year beginning on November 1 of the current yeat Unearned Service Revenue was credited when the cash was received e On November 1 of the current year, Zimmerman paid a one year premium for property insurance, $8.400, for coverage starting on that date. Cash was credited and Prepald Insurance was debited for this amount. + The company earned service revenue of $4,000 on a special job that was completed December 29 of the current year. Collection will be made during January of the next year. No entry has been recorded. At December 31 of the current year, wages earned by employees totaled $14,000. The employees will be paid on the next payroll date in January of the next year. h On December 31 of the current year, the company estimated It owed $500 for this year's property taxes on lard. The tax will be paid when the bill is received in January of next year. 2. Using the following headings, indicate the effect of each adjusting entry and the amount of the effect. Reminder: Assets Liabilities Stockholders' Equity: Revenues - Expenses - Net Income, and Net Income accounts are closed to retained Earnings, a part of Stockholders' Equity. (Enter negative amounts with a minus sign.) Answer is complete but not entirely correct. Income Statement Transaction Assets Revenues Expenses 5.750 0 0 O (3.000 1,000 (1.800 4,000 Balance Sheet Stockholders Liabilities Equity (5.780 3 5,760 561 (561) 0 0.0001 03 1,000 3 (1.380 4,000 14.300 14.300 410 (410) 5613 3,000 Na Income 5780 1961 9,000 1,000 1.80 4000 1.000 3 O 4,000 1,3503 14,300 114,300 TO 410 1410

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