I can't find the mistake that the balance is imbalanced. (first 4 photo is for reference, last photo is statement of financial position)

The corporation performs adjusting entries monthly. Closing entries are performed annually on December 31 . During December of its first year of operations, the corporation entered into the following transactions: Dec. 1 Issued to John and Patty Driver 24,80a new shares in exchange for a total of $240,000 cash. Dec. 1 Purchased for $259,200 a11 of the equipnent formerly owned by Rent-1t. Pale $134,000 cash and issued a 1 -year note payable for $125,200. The note, plus a11.12 months of accrued interest, are due November 30, Year 2. Dec. 1 Paid \$10, 200 to Shapiro Realty as three months, advance rent on the rental yord and office formerly occupied Rent-It. Dec. 4 Purchased office supplies on account from Modern office Co., $1,600. Paynent due in 39 days. (These 5uppilies : expected to last for several months; debit the office Supplies osset account.) Dec. 8 Received $8,7e0 cash as advance paynent on equipsent rental fros Mckamer Construction Company, (Credit Unearne Rental Fees.) Dec. 12 Paid salaries of $4,798 for the first two weeks in December. Dec.15 Excluding the Mcklaner advance, equipment rental fees earned during the first 15 days of Decenber amounted to $13,300, of which $12,930 was received in cash. Dec. 17 Purchased on account from Earth Movers, Inc., $70e in parts needed to perform basic maintenance on a rental tractor. Payment is due in 10 days. Dec. 23 Collected $2,900 of the accounts receivable recorded on December 15 . bec.26 Rented a backhoe to Mission Landscaping at a price of $300 per day, to be paid when the backhoe is returned. Mission Landscaping expects to keep the backhoe for about two or three weeks. Dec.26 Poid biweekly salaries, $4,700. Dec.27 Paid the account payable to Farth Movers, Inc., \$7ee. Dec.28 Declared a dividend of 10 cents per share, payable on January 15, Year 2 . Dec.29 Susquehanna Equipoent Rentals was named, along with Mission Landscaping and Collier Construction, as a codefendent in a \$23,0e0 lawsuit filed on behalf of Kevin Davenport. Mission Landscaping had left the rented backhoe in a fenced construction site owned by Collier construction. After working hours on December 26, Davenport had clitubed the fence to play on parked construction equipment. While playing on the backhoe, he fel and broke his arm. The extent of the conpany's legal and financial responsibility for this accident, if any, cannot be determined ot this time. (Notez This event does not require a journal entry at this time, but may require disclosure in notes accompanying the statenents.) Dec.29 Purchased a 12-month pub1ic 1iability insurance policy for $9,360. This policy protects the company against 11ability for injuries and property damage caused by its equipment. However, the policy goes into effect on January 1, Year 2, and offords no coverege for the injuries sustained by Kevin Davenport on December 26. Dec.31 Heceived a bil1 from universal utilities for the month of December, $660. Payment is due in 30 days. Dec. 31 Equlpment rental tees earned during the second half of December afounted to $20,600, of which $16,200 was recelved in cash. Data for Adjusting Entries In Year 1 a. The advance payment of rent on December 1 covered a period of three months: b. The annual interest rate on the note payable to Rent-it is 6 percent. c. The rental equipment is being depreciated by the straight-line method over a period of eight years. Any salvage value at the end of its useful life is expected to be negigible and immaterial. d. Office supplies on hand at December 31 are estimated at $610. e. During December, the company eamed $4,100 of the rental fees paid in advance by McNamer Construction Company on December 8 f. As of December 31, six days' rent on the backhoe rented to Mission Landscaping on December 26 has been earned. 9. Salarles earned by employees since the last payroll date (December 26) amounted to $1,200 at month-end. h. It is estimated that the company is subject to an income tax rate of 30 percent of profit before income taxes (totai revenue minus all expenses other than income taxes). These taxes will be payable in Year 2 Prepare the necessary adjusting entries for December. (If no entry is required for a transaction/event, select "No journa in the first account field. Do not round intermediate calculations. Round your final answers to the nearest whole dollar.) Prepare dosing entries and post to ledger accounts. (If no entry is required for a transaction/event, select "No journal the first account field. Do not round intermediate calculations.) The corporation performs adjusting entries monthly. Closing entries are performed annually on December 31 . During December of its first year of operations, the corporation entered into the following transactions: Dec. 1 Issued to John and Patty Driver 24,80a new shares in exchange for a total of $240,000 cash. Dec. 1 Purchased for $259,200 a11 of the equipnent formerly owned by Rent-1t. Pale $134,000 cash and issued a 1 -year note payable for $125,200. The note, plus a11.12 months of accrued interest, are due November 30, Year 2. Dec. 1 Paid \$10, 200 to Shapiro Realty as three months, advance rent on the rental yord and office formerly occupied Rent-It. Dec. 4 Purchased office supplies on account from Modern office Co., $1,600. Paynent due in 39 days. (These 5uppilies : expected to last for several months; debit the office Supplies osset account.) Dec. 8 Received $8,7e0 cash as advance paynent on equipsent rental fros Mckamer Construction Company, (Credit Unearne Rental Fees.) Dec. 12 Paid salaries of $4,798 for the first two weeks in December. Dec.15 Excluding the Mcklaner advance, equipment rental fees earned during the first 15 days of Decenber amounted to $13,300, of which $12,930 was received in cash. Dec. 17 Purchased on account from Earth Movers, Inc., $70e in parts needed to perform basic maintenance on a rental tractor. Payment is due in 10 days. Dec. 23 Collected $2,900 of the accounts receivable recorded on December 15 . bec.26 Rented a backhoe to Mission Landscaping at a price of $300 per day, to be paid when the backhoe is returned. Mission Landscaping expects to keep the backhoe for about two or three weeks. Dec.26 Poid biweekly salaries, $4,700. Dec.27 Paid the account payable to Farth Movers, Inc., \$7ee. Dec.28 Declared a dividend of 10 cents per share, payable on January 15, Year 2 . Dec.29 Susquehanna Equipoent Rentals was named, along with Mission Landscaping and Collier Construction, as a codefendent in a \$23,0e0 lawsuit filed on behalf of Kevin Davenport. Mission Landscaping had left the rented backhoe in a fenced construction site owned by Collier construction. After working hours on December 26, Davenport had clitubed the fence to play on parked construction equipment. While playing on the backhoe, he fel and broke his arm. The extent of the conpany's legal and financial responsibility for this accident, if any, cannot be determined ot this time. (Notez This event does not require a journal entry at this time, but may require disclosure in notes accompanying the statenents.) Dec.29 Purchased a 12-month pub1ic 1iability insurance policy for $9,360. This policy protects the company against 11ability for injuries and property damage caused by its equipment. However, the policy goes into effect on January 1, Year 2, and offords no coverege for the injuries sustained by Kevin Davenport on December 26. Dec.31 Heceived a bil1 from universal utilities for the month of December, $660. Payment is due in 30 days. Dec. 31 Equlpment rental tees earned during the second half of December afounted to $20,600, of which $16,200 was recelved in cash. Data for Adjusting Entries In Year 1 a. The advance payment of rent on December 1 covered a period of three months: b. The annual interest rate on the note payable to Rent-it is 6 percent. c. The rental equipment is being depreciated by the straight-line method over a period of eight years. Any salvage value at the end of its useful life is expected to be negigible and immaterial. d. Office supplies on hand at December 31 are estimated at $610. e. During December, the company eamed $4,100 of the rental fees paid in advance by McNamer Construction Company on December 8 f. As of December 31, six days' rent on the backhoe rented to Mission Landscaping on December 26 has been earned. 9. Salarles earned by employees since the last payroll date (December 26) amounted to $1,200 at month-end. h. It is estimated that the company is subject to an income tax rate of 30 percent of profit before income taxes (totai revenue minus all expenses other than income taxes). These taxes will be payable in Year 2 Prepare the necessary adjusting entries for December. (If no entry is required for a transaction/event, select "No journa in the first account field. Do not round intermediate calculations. Round your final answers to the nearest whole dollar.) Prepare dosing entries and post to ledger accounts. (If no entry is required for a transaction/event, select "No journal the first account field. Do not round intermediate calculations.)