I am completly lost.. If done right I will rate! Thank you so much!

December Transactions: Dec. 1 Amber Kim, Owner contributed land on the river (worth $85,000) and a small building to use as a rental office (worth $35,000) in exchange for capital. (First transaction has been done for you - see Journal Entries and T-Accounts) 1 Prepaid $3,000 for three months' rent on the warehouse where the company stores the kayaks. 2 Purchased kayaks signing a note payable for $7,200 4 Purchased office supplies on account for $500. 9 Received $4,700 cash for kayak rentals to customers. 15 Rented kayaks to customers for $3,500, but will be paid next month. 16 Received a $850 deposit from a kayak rental group that will use the kayaks next month. 18 Paid the utilities ($150) and telephone bills ($175) from last month. 19 Paid various accounts payable, $2,000. 20 Received bills for the telephone ($250) and utilities ($300) which will be paid later. 30 Paid wages of $1,800. 31 Amber Kim withdrew cash of $400 from the business. Adjusting Entries (see Chapter 3 for examples of adjusting entries) At December 31, the business gathers the following information for the adjusting entries: a. Office supplies on hand, $200 b. Rent of one month has been used. (Hint: see Chapter 3 for adjusting for prepaids) c. Determine the depreciation on the building using straight-line depreciation. Assume the useful life of the building is five years and the residual value is $5,000. (Hint: The building was purchased on December 1.) d. $400 of unearned revenue has now been earned. e. The employee who has been working the rental booth has earned $1,250 in wages that will be paid January 15, 2021. f. Kim Kayaks has earned $1,850 of kayak rental revenue that has not been recorded or received g. Determine the depreciation on the kayaks purchased on November 3 using straight-line depreciation. Assume the useful life of the kayaks is 4 years and the residual value is $0. h. Determine the depreciation on the kayaks purchased on December 2 using straight-line depreciation. Assume the useful life of the kayaks is 4 years and the residual value is $0. i. Interest expense accrued on the notes payable, $50. 1 I have added "xx" to show the format of where the numbers should go. 2 Replace with your amounts. 3 4 KIM KAYAK COMPANY 5 Income Statement 6 Two Months Ended December 31, 2020 7 Revenues: 8 Kayak Rental Revenue XX 9 Expenses: 10 Rent Expense XX 11 Wages Expense XX 12 Utilities Expense XX Telephone Expense XX 14 Supplies Expense XX 15 Dep. ExpenseBuilding XX 16 Dep. ExpenseKayaks XX 17 Interest Expense XX 18 Total expenses XX 19 Net Income XX 20 21 For best results and minimizing errors, print out your Adjusted Trial Balance as you enter these amounts (and on the next 2 tabs as well). All amounts on all 3 Financial Statements come from the Adjusted Trial Balance. 13 22 23 24 25 26 27