I could use some help to fill in T-accounts, trial balance and income statement.

Week-1 Basic Journal Entries Mason Yachts, a boat manufacturing company, begins business on 1/1/2017. Mason specializes in selling a yachts. A listing of all of Mason trial balance accounts can be found in "trial balance" tab below. For the tr below, please record the necessary journal entries in the "Journal Entries" tab and update the balances in balance. I have provided a "T-Account" tab for each individual trial balance account to track the changes d period. Transaction #1 Transaction #2 On January 1, 2017, Ted Mason invest $300,000 in exchange of 2,000 shares of $1 par Stock. On January 1, 2017, Mason Yachts buys $8,000 worth of office supplies with cash. Transaction #3 On January 1, 2017, Mason Yachts pre-Pays the following expenses for the next 12 mo Expense $9,000 and Insurance Expense $4,800 Transaction #4 On January 1, 2017 Mason Yachts buys $39,600 worth of machines that will be used in boats that will be sold. Mason noted that these machines will have useful life of 6 yea salvage value at the end of the 6 years. Mason will use the straight-line depreciation m depreciating the asset. Mason bought these machines with cash. Transaction #5 On January 1, 2017 Mason Yachts hires three employees: John Mason, Office Manager Mason, Repairs Manager, and McCoy Mason, Sales Manager. Each of the three emplo have a monthly salary of $6,000, which will be paid on the 5th day of the next month. Transaction #6 On January 2nd, Ozark Boats pre-pays Mason Yachts $54,000 to perform repair servic boats. For each boat repaired, Mason Yacht will receive $9,000 in revenue. Transaction #7 On January 2nd, John Mason purchased 6 Boats for $12,000 each at the boat action. T are ready re-sale and were put into inventory on this date. Ted purchased these boats and will be paid in 90 days. Transaction #8 On January 15th, Mason Yachts sold 3 Boats for $21,000 each to a customer. The cust pay in cash for these boats in 30 days. (Hint: Remember there are two entries with a goods) Transaction #9 On January 30th, Mason Yachts announcee that is has declared and paid a dividend of shares of common stock. ason specializes in selling and repairing ance" tab below. For the transactions nd update the balances in the trial ount to track the changes during the e of 2,000 shares of $1 par Common ffice supplies with cash. xpenses for the next 12 months: Rent achines that will be used in modifying ill have useful life of 6 years and no straight-line depreciation method in cash. hn Mason, Office Manager, Frank er. Each of the three employees will 5th day of the next month. 00 to perform repair services on 6 000 in revenue. 0 each at the boat action. These boats Ted purchased these boats on account ch to a customer. The customer will ere are two entries with a sale of red and paid a dividend of $1 to all Week-2 Adjusting Journal Entries and Incom At the end of the month, Mason needs to make the following adjusting jo adjusting journal entries in the "journal entries", "T-Accounts", and "Tria step and multiple step income statement in the "Income Statement" tab. Transaction #10 : One month of expenses has been incurred for rent and Transaction #11: John, Frank, and McCoy Mason worked for a full-mont on February 5th. Transaction #12: At then end of the month, John Mason does an inventor $3,725 worth of supplies is still remaining in the stock room. Transaction #13: One month of depreciation has been incurred as of Jan Record the applicable entry. Transaction #14: As of January 31st, Mason Yachts has completed repair Based on the terms of the agreement Mason may record revenue. Transaction #15: McCoy Mason has noted that the customer that purcha financial trouble and collectiablity may or may not occur. Based on discu expects to receive 90% of the puchase price of the boats on account. As s the 10% in an allowance account and will not completely write-off the ac Transaction #16: After review of the bank statement at month-end, you n earned and wired into cash account at First Hawaiian Bank for interest r month of January. Prepare Single Step and Multiple Step Income Statements on the "Incom January. Assume no income tax. nal Entries and Income Statement following adjusting journal entries. Please record these T-Accounts", and "Trial Balance" tabs and prepare a singlecome Statement" tab. n incurred for rent and insurance expenses. worked for a full-month as salary employees. They will be paid ason does an inventory of the supplies room and notes that ock room. een incurred as of Janary 31st on the machines purchased. has completed repair services on 3 of the 6 Ozark Boats. ecord revenue. customer that purchased the two boats on account is in occur. Based on discussions with the customer, Mason boats on account. As such, Mason has decided to reserve for pletely write-off the accounts receivable. nt at month-end, you note that $100 of interest income was ian Bank for interest related to our account balance for the tements on the "Income Statement" tab for the month of Assets Account # Account Description 1000 Cash 1100 Accounts Receivable 1150 Allowance for Doubtful Accounts 1200 Inventory 1300 Pre-Paid Expense 1400 Supplies 1500 Machines 1550 Accumulated Depreciation Machine Journal Entry # Account # 1 1000 3000 3050 2 1400 1000 3 1300 1000 4 1500 1000 5 6 1000 2100 7 1200 2000 8 1100 4000 5000 1200 9 3100 1000 10 1300 6100 6300 11 2200 1000 12 1400 6200 13 1550 6400 14 1300 4100 Liabilities and Equity Account # Account Description 2000 Accounts Payable 2100 Unearned Service Revenue 2200 Wages and Salaries Payable 3000 Common Stock 3050 Additional Paid In Capital 3100 Dividends 3200 Retained Earnings Account Description Cash Common Stock Additional Paid In Capital Supplies Cash Debit 300,000 8,000 Pre-Paid Expense Cash 13,800 Machines Cash 39,600 No Entry No Entry Cash Unearned Service Revenue 54,000 Inventory Accounts Payable 72,000 Accounts Receivable Revenue-Yacht Sales 63,000 Cost of Goods Sold Inventory 36,000 Dividends Cash 2,000 Pre-paid expenses Rent Expenses Insurance Expenses 1,150 Wages & salaries payable Cash Supplies Supplies Expense Accumulated Depreciation Machines Depreciation Expense 18,000 4,275 550 Pre-paid Expense Revenue- Repairs Services 27,000 Income Statement Account # Account Description 4000 Revenue-Yacht Sales 4100 Revenue-Repair Services 5000 Cost of Goods Sold 6000 Wages and Salaries Expense 6100 Rent Expense 6200 Supplies Expense 6300 Insurance Expense 6400 Depreciation Expense 6500 Interest Income 6600 Bad Debt Expense Credit 2,000 298,000 8,000 13,800 39,600 54,000 72,000 63,000 36,000 2,000 750 400 18,000 4,275 550 27,000 Beginning Balance JE #1 JE #2 JE#3 JE #4 JE #6 JE #9 Assets 451,000 1000-Cash Debit 300,000 Credit 8,000 13,800 39,600 54,000 2,000 Ending Balance 290,600 1100-Accounts Receivable Debit Credit Beginning Balance JE #8 63,000 Ending Balance 63,000 1150-Allowance for Doubtful Accounts Debit Credit Beginning Balance Ending Balance 1200-Inventory Debit Credit Beginning Balance JE #7 JE# 8 72,000 Ending Balance 36,000 36,000 1300-Pre-Paid Expenses Debit Credit Beginning Balance JE #3 13,800 Ending Balance 13,800 1400-Supplies Debit Beginning Balance JE #2 Credit 8,000 Ending Balance 8,000 1500-Machines Debit Credit Beginning Balance JE #4 39,600 Ending Balance 39,600 1550-Accumulated Depreciation Machines Debit Credit Beginning Balance Ending Balance - Liabilities and Equity Income Statement 424,000 2000-Accounts Payable Debit Credit Beginning Balance JE #7 Ending Balance 72,000 Beginning Balance JE #8 72,000 Ending Balance 2100-Unearned Service Revenue Debit Credit Beginning Balance JE #6 54,000 Beginning Balance Ending Balance 54,000 Ending Balance 2200-Wages and Salaries Payable Debit Credit Beginning Balance Beginning Balance JE #8 Ending Balance - Ending Balance 3000-Common Stock Debit Credit Beginning Balance Beginning Balance JE #1 2,000 Ending Balance 2,000 Ending Balance 3050-Additional Paid In Capital Debit Credit Beginning Balance Beginning Balance JE #1 298,000 Ending Balance 298,000 Debit Beginning Balance JE #9 Ending Balance 3100-Dividends Credit Beginning Balance 2,000 Ending Balance 2,000 Ending Balance 3200-Retained Earnings Debit Credit Beginning Balance Ending Balance Beginning Balance - Ending Balance Beginning Balance Ending Balance Beginning Balance Ending Balance Beginning Balance Ending Balance Income Statement 27,000 4000-Revenue-Yacht Sales Debit Credit 63,000 63,000 4100-Revenue- Repair Services Debit Credit 5000-Cost of Goods Sold Debit Credit 36,000 36,000 6000-Wages and Salaries Expense Debit Credit 6100-Rent Expense Debit Credit 6200-Supplies Expense Debit Credit Check Figure - 6300-Insurance Expense Debit Credit 6400-Depreciation Expense Debit Credit 6500-Interest Income Debit Credit 6600-Bad Debt Expense Debit Credit - Account # Account Description Beginning Balance 1000 Cash 1100 Accounts Receivable 1150 Allowance for Doubtful Accounts 1200 Inventory 1300 Pre-Paid Expense 1400 Supplies 1500 Machines 1550 Accumulated Depreciation Machine 2000 Accounts Payable 2100 Unearned Service Revenue 2200 Wages and Salaries Payable 3000 Common Stock 3050 Additional Paid In Capital 3100 Dividends 3200 Retained Earnings 4000 Revenue-Yacht Sales 4100 Revenue-Repair Services 5000 Cost of Goods Sold 6000 Wages and Salaries Expense 6100 Rent Expense 6200 Supplies Expense 6300 Insurance Expense 6400 Depreciation Expense 6500 Interest Income 6600 Bad Debt Expense - Week 1 Trial Balance Debit 290,600 63,000 36,000 13,800 8,000 39,600 2,000 36,000 Week 1 Trial Balance Credit 72,000 54,000 2,000 298,000 63,000 Balance 290,600 63,000 36,000 13,800 8,000 39,600 (72,000) (54,000) (2,000) (298,000) 2,000 (63,000) 36,000 - Week 2 Adjusted Trial Balance Debit Credit Balance - Assets= Liabilities (+) Equity (+) Income Statement Mason Yacht Company Single Step Income Statement 1/31/2017 Mason Yacht Company Multiple Step Income Statement 1/31/2017 Net Income Net Income - on Yacht Company Step Income Statement 1/31/2017