i dont understand how to correct the data

Complete steps 14 of the accounting cycle for the transactions listed. You will choose your own company name and list it below: 1. On December 1 I 1 ia's dou and your friends invest (D300,000 into the company in exchange for common stocks 2. On December 1st, you and your friends buy a building with an expected life of 40 years for 3. On December 1II, you and your friends purchase $72,000 worth of dance equipment on 3. On December 111, you and your friends purchase $72,000 worth of dance equipment on account from Dancer's Unlimited. The equipmen 4. On December 1st, you and your friends purchase prepaid insurance for a year for 31,200 deprec 5. On December 14, you and your friends borrow $120,000 from the bank. The loan is due 1 year from now and carries an interest rate of 6 percent. 6. On December 3td, Your compeny opens for business! On that day 100 people show up and cash say the $50 admission fee to dance on your spectacular floor! 10050 S/R pay the $50 admission fee to dance on your spectacular floor! 10050 7. On December 5th, you realize that you need some office supplies, therefore, you go out and purchase $500 worth of supplies on account from the local office superstore. 54p pules December 7th, you hire Whitney to give private dance lessons to your patrons. Two of your patrons pay $400 each in advance for lessons to be given on December 12 . 9. On December 12th, Whitney gives private dance lessons to one of the patrons that paid in advance. The other patron is unable to attend and reschedules his dance lesson for January 12 , next year. You owe Whitney (100) for giving the lesson. 10. On December 15th,500 people show up to dance on that spectacular floor. The admission fee is $40 per person. 100 of them ask to put the $40 on their account. 11. On December 18th, you pay Whitney's salary of $100 cash 12. December 20th is "Senior Citizens Day." Seniors get to dance on your spectacular floor for only $30.400 seniors attend that day and pay cash. 30400=12,000 \& 13. On that same day (December 20th ), several seniors got into a brawl and were injured. Police had to be called. Twenty-five seniors were arrested \& your company was fined $2,000 for their handling of the situation. You paid the fine that day. cash 14. On December 23rd, you decide to start advertising since the seniors gave your company bad reputation. Therefore, you prepay $1,000 for advertising for 2 months. Part One check figures - After you've completed steps 1-4, your T-Account cash balance should be $254,500 and your Trial Balance total credits should be $540,300. Attached you will find the information needed to complete steps 5-9 of the accounting cycle. 1. Seven adjustments for journal entries. 2. Journal entry sheet to place the 7 adjusted journal entries and another to put your closing entries. 3. T Accounts. You may keep a running total with your previous accounts or use a new sheet. If you use a new sheet, you will need to carry over any previous balance of the accounts you use for AJE and closing entries. 4. Blank template for the Adjusted Trial Balance and Post-Closing Trial Balance. You will need to create a template for each of your three financial statements. Complete steps 14 of the accounting cycle for the transactions listed. You will choose your own company name and list it below: 1. On December 1 I 1 ia's dou and your friends invest (D300,000 into the company in exchange for common stocks 2. On December 1st, you and your friends buy a building with an expected life of 40 years for 3. On December 1II, you and your friends purchase $72,000 worth of dance equipment on 3. On December 111, you and your friends purchase $72,000 worth of dance equipment on account from Dancer's Unlimited. The equipmen 4. On December 1st, you and your friends purchase prepaid insurance for a year for 31,200 deprec 5. On December 14, you and your friends borrow $120,000 from the bank. The loan is due 1 year from now and carries an interest rate of 6 percent. 6. On December 3td, Your compeny opens for business! On that day 100 people show up and cash say the $50 admission fee to dance on your spectacular floor! 10050 S/R pay the $50 admission fee to dance on your spectacular floor! 10050 7. On December 5th, you realize that you need some office supplies, therefore, you go out and purchase $500 worth of supplies on account from the local office superstore. 54p pules December 7th, you hire Whitney to give private dance lessons to your patrons. Two of your patrons pay $400 each in advance for lessons to be given on December 12 . 9. On December 12th, Whitney gives private dance lessons to one of the patrons that paid in advance. The other patron is unable to attend and reschedules his dance lesson for January 12 , next year. You owe Whitney (100) for giving the lesson. 10. On December 15th,500 people show up to dance on that spectacular floor. The admission fee is $40 per person. 100 of them ask to put the $40 on their account. 11. On December 18th, you pay Whitney's salary of $100 cash 12. December 20th is "Senior Citizens Day." Seniors get to dance on your spectacular floor for only $30.400 seniors attend that day and pay cash. 30400=12,000 \& 13. On that same day (December 20th ), several seniors got into a brawl and were injured. Police had to be called. Twenty-five seniors were arrested \& your company was fined $2,000 for their handling of the situation. You paid the fine that day. cash 14. On December 23rd, you decide to start advertising since the seniors gave your company bad reputation. Therefore, you prepay $1,000 for advertising for 2 months. Part One check figures - After you've completed steps 1-4, your T-Account cash balance should be $254,500 and your Trial Balance total credits should be $540,300. Attached you will find the information needed to complete steps 5-9 of the accounting cycle. 1. Seven adjustments for journal entries. 2. Journal entry sheet to place the 7 adjusted journal entries and another to put your closing entries. 3. T Accounts. You may keep a running total with your previous accounts or use a new sheet. If you use a new sheet, you will need to carry over any previous balance of the accounts you use for AJE and closing entries. 4. Blank template for the Adjusted Trial Balance and Post-Closing Trial Balance. You will need to create a template for each of your three financial statements