I already did this part, but can you check to see if I did any of them wrong.

Same for this part. Check to see if I did any of it wrong and please explain if I got any of them wrong.

These three I do not get so please explain your answers. Thanks so much!

Saira Morrow operates Dressage Riding Academy, Inc. The academy's primary sources of revenue are riding fees and lesson fees, which are provided on a cash basis. Saira also boards horses for owners, who are billed monthly for boarding fees. In a few cases, boarders pay in advance of expected use. For its revenue transactions, the academy maintains these accounts: Cash, Accounts Receivable, Unearned Service Revenue, and Service Revenue. The academy owns 10 horses, a stable, a riding corral, riding equipment, and office equipment. These assets are accounted for in the following accounts: Horses, Buildings, and Equipment. The academy employs stable helpers and an office employee, who receive weekly salaries. At the end of each month, the mail usually brings bills for advertising, utilities, and veterinary service. Other expenses include feed for the horses and insurance. For its expenses, the academy maintains the following accounts: Supplies, Prepaid Insurance, Accounts Payable, Salaries and Wages Expense, Advertising Expense, Utilities Expense, Maintenance and Repairs Expense, Supplies Expense, and Insurance Expense. Saira's sole source of personal income is dividends from the academy. Thus, the corporation declares and pays periodic dividends. To account for stockholders' equity in the business and dividends, two accounts are maintained: Common Stock and Dividends. During the first month of operations, an inexperienced bookkeeper was employed. Saira asks you to review the following eight entries of the 50 entries made during the month. In each case, the explanation for the entry is correct. May 1 18,600 5 310 7 620 9 1,860 Cash Unearned Service Revenue (Issued common stock in exchange for $18,600 cash) Cash Service Revenue (Received $310 cash for lesson fees) Cash Service Revenue (Received $620 for boarding of horses beginning June 1) Supplies Expense Cash (Purchased estimated 5 months' supply of feed and hay for $1,860 on account) Equipment Cash (Purchased desk and other office equipment for $1,000 cash) Salaries and Wages Expense Cash (Issued check to Saira for personal use) Cash Service Revenue (Received $191 cash for riding fees) Maintenance and Repairs Expense Accounts Receivable (Received bill of $95 from carpenter for repair services performed) 14 1,000 15 20 31 Answer the following. For each journal entry that is correct, so state. Date May 1 May 5 May 7 May 9 May 14 May 15 May 20 May 31 Incorrect Correct Incorrect Incorrect Incorrect Incorrect Incorrect Incorrect For each journal entry that is incorrect, prepare the entry that should have been made by the bookkeeper. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Credit Date May 1 Account Titles and Explanation Cash Debit 15000 Common Stock 15000 May 7 7 Cash Unearned Service Revenue 820 May 9 Supplies 1860 Accounts Payable 1860 May 14 Equipment 1000 Cash 1000 May 15 Dividends Cash May 20 Cash Service Revenue May 31 Maintenance and Repairs Expense Accounts Payable 95 Will the incorrect entries prevent the trial balance from balancing? Date May 1 May 7 May May 15 May 20 May 31 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT What was the correct net income for May, assuming the bookkeeper originally reported net income of $5,580 after posting all 50 entries? Correct net income What was the correct cash balance at May 31, assuming the bookkeeper reported a balance of $15,470 after posting all 50 entries? Correct cash balance