i attempted to answer them all ,still confused on the t accouncts and financial statements though, is this correct?

10 A A Ariali $ % E Merge & Center A Paste BIU Number Alignment Font Clipboard M40 G H F E D B A Dakota, Inc. 3 4 5 On January 1, 2018, Dakota, Inc., had the following account balances in its general ledger. All 6 accounts have a "normal" type of balance, i.e., a debit or credit balance, depending on the type of account 7 $ 255,000 160,000 8 Cash 9 Accounts Receivable 10 Supplies 11 Prepaid Insurance 12 Equipment 13 Accumulated Depreciation 14 Accounts Payable 15 Interest Payable 16 Utilities Payable 17 Unearned Revenue 18 Notes Payable 19 Owner Capital 20 Withdrawals 21 Service Revenue 22 Rent Expense 23 Salaries Expense 24 Insurance Expense 25 Supplies Expense 26 Utilities Expense 60,000 0 550,000 320,000 80,000 0 0 60,000 0 565,000 0 C C Dakota Journal Entries T-Accts Financial Statements HEH I Il Excel Accounting Basics Excel Balance Sheet Compatibility Mode AutoSave Of View Help Review Data Formulas Draw Page Layout Insert File ome General X Wrap Text A A Arial 10 Conditional Format as Formatting Table Styles Cell $.% 848 Merge & Center Paste A I V Styles Number Alignment Font Clipboard M40 K E G H A 29 30 January Transactions: Amount 31 195,000 Borrowed on a 18-month, 4 % note. All principal and interest due at maturity. $ 32 January 1 33 25,000 Purchased equipment on account 34 January 2 35 36 January 4 37 38 January 5 Paid cash for January rent of the building. 2,250 Received cash from customers in payment of accounts receivable. 64,000 39 40 January 9 41 42 43 January 11 44 Paid cash for a one-year insurance policy that covers the period from January 1, 2018 through December 31, 2018. 31,200 Purchased supplies with cash. 10,000 45 January 15 Received cash for services provided to customers during January 76,000 46 47 January 18 Paid creditors on accounts payable. 48,000 48 49 January 28 50 51 January 29 Billed customers for services provided during January. 105,250 Received January utility bill to be paid in February 8,200 52 Dakota Journal Entries T-Accts Financial Statements Jl il Home Insert File General Wrap Text X A AE 10 Arial Conditional Formatting $ - % 9 68 48 EEEMerge & Center A Paste I U Number . Alignment Font Clipboard . M40 K H G E E C A 44 76,000 Received cash for services provided to customers during January. 45 January 15 46 48,000 Paid creditors on accounts payable. 47 January 18 48 105,250 Billed customers for services provided during January. 49 January 28 50 8,200 Received January utility bill to be paid in February 51 January 29 52 20,000 53 January 31 Owner withdrew cash. 54 115,000 55 January 31 Paid January salaries. 56 57 58 Adjusting Entries: 59 60 The following information is available when preparing adjusting entries at month-end: 1. One month's insurance has been used 2. An inventory on January 31 showed supplies remaining were valued at 3. Equipment is depreciated at a monthly rate of 4. Unearned revenue was earned in the amount of 5. One month's Interest must be accrued on the loan; annual rate is: $ 63,000 $ 3,800 12,000 $ 4% 65 Dakota Journal Entries T-Accts Financial Statements Arial A A Wrap lext General 11 $ -% 48 Conditional Format as Formatting Paste BIU A E Merge & Center Table Sty Font Alignment Number Styles Clipboard L7 F F H M A 3 Owner Capital 565,000 Accounts Payable 80,000 48,000 Service Revenue 105,250 12,000 76,000 4 Cash 25,000 8,200 5 255,000 2,250 195,000 64,000 76,000 31,200 7 10,000 48,000 20,000 115,000 94,800 565,000 193,250 10 Interest Payable Withdrawals 11 20,000 12 363,550 650 Rent expense 13 20,000 2,250 14 Accounts Rec 650 15 160,000 105,250 64,000 16 Utilities Payable 2,250 17 18 201,250 Supplies expense 7,000 19 20 Supplies 60,000 10,000 7,000 21 7,000 22 Unearned Revenue 23 60,000 Salaries expense 115,000 24 77,000 12,000 Dakota Journal Entries T-Accts Financial Statements OTYPE here to search O AutoSave o View Formulas Data Review Draw Page Layout File Home Insert General 2 Wrap Text X 11 A A Conditional Format as Arial $ -% 9 Formatting Table St A EEEE Merge & Center Pste BIU Styles Number Alignment Font Clipboard L7 M K E F G H C C Salaries expense 115,000 A 7,000 77,000 60,000 12,000 23 24 25 72,000 Prepaid Insurance 31,200 26 2,600 115,000 27 Notes Payable 195,000 28 Deprec. expense 12,650 29 30 28,600 31 195,000 12,650 Equipment 550,000 25,000 32 33 34 Insurance expense 2,600 35 36 575,000 37 Accum. Deprec. 320,000 38 2,600 39 12,650 40 Interest expense 2,600 650 41 42 307,350 43 44 3,250 Dakota Journal Entries T-Accts Financial Statements Type here to search e Y A v Paste BIU Number Alignment Font Clipboard L51 H J E F G A 2 DAKOTA Month Ended January 31 2019 FINANCIAL STATEMENTS 4 5 6 7 Income Statement Revenue: Service Revenue 10 11 $ 193,250 12 Expenses: Rent Expense Salaries Expense Insurance Expense Supplies Expense Depreciation Expense Total Expense 13 2250 $ $ 115000 2600 7000 14 15 16 17 18 12650 19 $ 139500 20 21 22 Net Income $53,750 23 24 Dakota Journal Entries T-Accts Financial Statements Type here to search e I U A Merge &Cente e ~ Number Alignment Font fr F G K C Net Income $53,750 Statement of Owners Equity Owner Capital $ 565000 Beginning Balance Plus: Owner Contribtion Plus: Net Income Less: Withdrawals Ending Balance $ $53,750 $ 20000 $598 750 BALANCE SHEET Assets: Cash Liabilities: Accounts Payable $ 363550 10 A A Ariali $ % E Merge & Center A Paste BIU Number Alignment Font Clipboard M40 G H F E D B A Dakota, Inc. 3 4 5 On January 1, 2018, Dakota, Inc., had the following account balances in its general ledger. All 6 accounts have a "normal" type of balance, i.e., a debit or credit balance, depending on the type of account 7 $ 255,000 160,000 8 Cash 9 Accounts Receivable 10 Supplies 11 Prepaid Insurance 12 Equipment 13 Accumulated Depreciation 14 Accounts Payable 15 Interest Payable 16 Utilities Payable 17 Unearned Revenue 18 Notes Payable 19 Owner Capital 20 Withdrawals 21 Service Revenue 22 Rent Expense 23 Salaries Expense 24 Insurance Expense 25 Supplies Expense 26 Utilities Expense 60,000 0 550,000 320,000 80,000 0 0 60,000 0 565,000 0 C C Dakota Journal Entries T-Accts Financial Statements HEH I Il Excel Accounting Basics Excel Balance Sheet Compatibility Mode AutoSave Of View Help Review Data Formulas Draw Page Layout Insert File ome General X Wrap Text A A Arial 10 Conditional Format as Formatting Table Styles Cell $.% 848 Merge & Center Paste A I V Styles Number Alignment Font Clipboard M40 K E G H A 29 30 January Transactions: Amount 31 195,000 Borrowed on a 18-month, 4 % note. All principal and interest due at maturity. $ 32 January 1 33 25,000 Purchased equipment on account 34 January 2 35 36 January 4 37 38 January 5 Paid cash for January rent of the building. 2,250 Received cash from customers in payment of accounts receivable. 64,000 39 40 January 9 41 42 43 January 11 44 Paid cash for a one-year insurance policy that covers the period from January 1, 2018 through December 31, 2018. 31,200 Purchased supplies with cash. 10,000 45 January 15 Received cash for services provided to customers during January 76,000 46 47 January 18 Paid creditors on accounts payable. 48,000 48 49 January 28 50 51 January 29 Billed customers for services provided during January. 105,250 Received January utility bill to be paid in February 8,200 52 Dakota Journal Entries T-Accts Financial Statements Jl il Home Insert File General Wrap Text X A AE 10 Arial Conditional Formatting $ - % 9 68 48 EEEMerge & Center A Paste I U Number . Alignment Font Clipboard . M40 K H G E E C A 44 76,000 Received cash for services provided to customers during January. 45 January 15 46 48,000 Paid creditors on accounts payable. 47 January 18 48 105,250 Billed customers for services provided during January. 49 January 28 50 8,200 Received January utility bill to be paid in February 51 January 29 52 20,000 53 January 31 Owner withdrew cash. 54 115,000 55 January 31 Paid January salaries. 56 57 58 Adjusting Entries: 59 60 The following information is available when preparing adjusting entries at month-end: 1. One month's insurance has been used 2. An inventory on January 31 showed supplies remaining were valued at 3. Equipment is depreciated at a monthly rate of 4. Unearned revenue was earned in the amount of 5. One month's Interest must be accrued on the loan; annual rate is: $ 63,000 $ 3,800 12,000 $ 4% 65 Dakota Journal Entries T-Accts Financial Statements Arial A A Wrap lext General 11 $ -% 48 Conditional Format as Formatting Paste BIU A E Merge & Center Table Sty Font Alignment Number Styles Clipboard L7 F F H M A 3 Owner Capital 565,000 Accounts Payable 80,000 48,000 Service Revenue 105,250 12,000 76,000 4 Cash 25,000 8,200 5 255,000 2,250 195,000 64,000 76,000 31,200 7 10,000 48,000 20,000 115,000 94,800 565,000 193,250 10 Interest Payable Withdrawals 11 20,000 12 363,550 650 Rent expense 13 20,000 2,250 14 Accounts Rec 650 15 160,000 105,250 64,000 16 Utilities Payable 2,250 17 18 201,250 Supplies expense 7,000 19 20 Supplies 60,000 10,000 7,000 21 7,000 22 Unearned Revenue 23 60,000 Salaries expense 115,000 24 77,000 12,000 Dakota Journal Entries T-Accts Financial Statements OTYPE here to search O AutoSave o View Formulas Data Review Draw Page Layout File Home Insert General 2 Wrap Text X 11 A A Conditional Format as Arial $ -% 9 Formatting Table St A EEEE Merge & Center Pste BIU Styles Number Alignment Font Clipboard L7 M K E F G H C C Salaries expense 115,000 A 7,000 77,000 60,000 12,000 23 24 25 72,000 Prepaid Insurance 31,200 26 2,600 115,000 27 Notes Payable 195,000 28 Deprec. expense 12,650 29 30 28,600 31 195,000 12,650 Equipment 550,000 25,000 32 33 34 Insurance expense 2,600 35 36 575,000 37 Accum. Deprec. 320,000 38 2,600 39 12,650 40 Interest expense 2,600 650 41 42 307,350 43 44 3,250 Dakota Journal Entries T-Accts Financial Statements Type here to search e Y A v Paste BIU Number Alignment Font Clipboard L51 H J E F G A 2 DAKOTA Month Ended January 31 2019 FINANCIAL STATEMENTS 4 5 6 7 Income Statement Revenue: Service Revenue 10 11 $ 193,250 12 Expenses: Rent Expense Salaries Expense Insurance Expense Supplies Expense Depreciation Expense Total Expense 13 2250 $ $ 115000 2600 7000 14 15 16 17 18 12650 19 $ 139500 20 21 22 Net Income $53,750 23 24 Dakota Journal Entries T-Accts Financial Statements Type here to search e I U A Merge &Cente e ~ Number Alignment Font fr F G K C Net Income $53,750 Statement of Owners Equity Owner Capital $ 565000 Beginning Balance Plus: Owner Contribtion Plus: Net Income Less: Withdrawals Ending Balance $ $53,750 $ 20000 $598 750 BALANCE SHEET Assets: Cash Liabilities: Accounts Payable $ 363550