I finished the general entry, please help me fix it. For the t accounts, please use the same format as the question blank. Thank you.

COMP3-1 (Algo) Recording Journal Entries, Posting Effects to T-Accounts, Preparing Unadjusted Financial Statements, and Performing Ratio Analysis LO1-1, 2-4, 2-5, 3-4, 3-5, 3-6 In April 2019, Sarah Jones created a new business, IthacaDeep, Inc., offering therapeutic deep massage for stress reduction, pain management, injury recovery, and relief from muscle strains and tightness experienced by anyone, especially athletes, fitness enthusiasts, runners, and physical laborers. You have been hired to record the transactions occurring in the first month of operations. a. Received investment of cash by three organizers and issued to them a total of 440 shares of $0.05 par value stock with a market price of $40 per share. b. Borrowed $26,000 from a local bank, signing a note due in three years. C. Signed a one-year lease for a space near a health club, paying $1,200 for April rent and $3,600 for rent for May, June, and July d. Purchased equipment costing $15,800, paying 20 percent in cash and owing the rest on account to the supplier, due in 60 days. e. Ordered a business computer and printer from Dell for $3,500. f. Loaned $1,600 to an employee who signed a note due in three months. g. Purchased supplies for $3,200 on account. h. Paid Facebook $2,600 as a budget for advertising. (Facebook charges the advertiser's account per click, drawing down the balance. The average click is $0.52.) i. Paid $3,840 for 12 months of insurance coverage, with one-twelfth covering April and the rest covering the remainder of the fiscal year (end of March next year). j. Purchased short-term investments for $14,800 cash. k. Along with her four other licensed massage therapists, Sarah and her team provided $44,400 of deep tissue service to clients in April who paid half in cash and agreed to pay the rest in May. 1. Paid employees $20,400 in wages for work in April. m. At the end of April, received a $430 utility bill for the use of gas and electric in April. The bill will be paid in May. n. Paid $2,700 on the long-term note owed to the bank (ignore interest). o. Earned and received $37 in interest on the short-term investments. p. Sent the team to Boston in April to receive additional specialty training, costing IthacaDeep $2,700 cash. q. Received $2,000 from clients for a series of services to be performed beginning in May. Required: 1. Prepare journal entries for each transaction. 2. Post the effects of the transactions to the T-accounts. 3. Prepare an unadjusted trial balance for IthacaDeep, Inc., at the end of April. 4. Prepare an unadjusted classified income statement, statement of stockholders' equity, and classified alance sheet from the trial balance created in requirement (3) above. 5. Compute the following ratios: (1) current ratio and (2) net profit margin ratio. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg 3 Req 4a Req 4b Req 4c Reg 5 Prepare journal entries for each transaction. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet No Transaction General Journal Debit Credit 1 a. Cash 17,600 22 Common stock Additional paid-in-capital 17,578 2 b. Cash 26,000 3 C. 1,200 Rent expense Prepaid expenses 3,600 Cash 4,800 4 d. 15,800 Equipment Cash Accounts payable 3,160 12,640 5 e 3,500 Equipment Accounts payable 3,500 6 f. 1,600 Cash 1,600 7 g. 3,200 Supplies Accounts payable 3,200 8 h. 2,600 Advertising expense Cash 2,600 9 i. Insurance expense 320 3,520 Prepaid expenses Cash 3,840 10 j Short-term investments 14,800 Cash 14,800 11 k. Cash 22,200 22,200 Accounts receivable Service revenue 44,400 12 1. 20,400 Wages expense Cash 20,400 13 m. Utilities expense 430 Accounts payable 430 14 n. 2,700 Long-term note payable Cash 2,700 15 O. Cash 37 Interest revenue 37 16 p. 2,700 Training expense Cash 2,700 17 q. Cash 2,000 Unearned revenue 2,000 Post the effects of the transactions to the T-accounts. Cash Short-Term Investments Beg. Beg. End. Bal. (a) (b) (c) (d) End. Bal. Accounts Receivable Supplies Beg. Beg. End. Bal. End. Bal. Prepaid Expenses Short-Term Note Receivable Beg. Beg. End. Bal. End. Bal. Equipment Accounts Payable Beg. Beg End. Bal. End. Bal. Utilities Payable Unearned Revenue Beg. Beg. End. Bal. 0 End. Bal. Long-Term Note Payable Common Stock Beg. Beg. End. Bal. End. Bal. Additional Paid-in Capital Retained Earnings Beg. Beg. End. Bal. 0 End. Bal. Service Revenue Interest Revenue Beg. Beg. End. Bal. End. Bal. Wages Expense Training Expense Beg. Beg. End. Bal. End. Bal. Service Revenue Interest Revenue Beg. Beg. End. Bal. 0 End. Bal. Wages Expense Training Expense Beg. Beg End. Bal. End. Bal. 0 Insurance Expense Rent Expense Beg. Beg. End. Bal. 0 End. Bal. 0 (a) Utilities Expense (b) Beg. (c) (d) End. Bal. 0 Prepare an unadjusted trial balance for IthacaDeep, Inc., at the end of April. Credit ITHACADEEP, INC. Unadjusted Trial Balance April 30 Debit Cash Short-term investments Accounts receivable Supplies Prepaid expenses Short-term note receivable Equipment Accounts payable Utilities payable Unearned revenue Long-term note payable Common stock Additional paid-in capital Retained earnings Service revenue Interest revenue Wages expense Training expense Insurance expense Rent expense Utilities expense Total 0 0 Prepare an unadjusted classified income statement. (Round your earnings per share value to 2 decimal places.) ITHACADEEP, INC. Unadjusted Income Statement For the Month Ended April 30 0 Total operating revenues Operating expenses: 0 Total operating expenses Income from operations Other items: 0 Income before income taxes Income tax expense $ 0 Earnings per share Prepare a statement of stockholders' equity. ITHACADEEP, INC. Statement of Stockholders' Equity For the Month Ended April 30 Common Stock Additional Paid-in Capital Retained Earnings Total Stockholders' Equity Balances, April 1 Issue stock Balances, April 30 $ 0 $ 0 $ 0 $ 0 Prepare a classified balance sheet from the trial balance created in requirement (3) above. ITHACADEEP, INC. Balance Sheet April 30 Assets Current assets: Total current assets 0 0 Total assets Liabilities and Stockholders' Equity Current liabilities: Total current liabilities 0 Total liabilities Stockholders' Equity: 0 Total stockholders' equity Total liabilities and stockholders' equity 0 Compute the following ratios: (1) current ratio and (2) net profit margin ratio. Current ratio Numerator Denominator II 0 Net profit margin Numerator Denominator = 0 COMP3-1 (Algo) Recording Journal Entries, Posting Effects to T-Accounts, Preparing Unadjusted Financial Statements, and Performing Ratio Analysis LO1-1, 2-4, 2-5, 3-4, 3-5, 3-6 In April 2019, Sarah Jones created a new business, IthacaDeep, Inc., offering therapeutic deep massage for stress reduction, pain management, injury recovery, and relief from muscle strains and tightness experienced by anyone, especially athletes, fitness enthusiasts, runners, and physical laborers. You have been hired to record the transactions occurring in the first month of operations. a. Received investment of cash by three organizers and issued to them a total of 440 shares of $0.05 par value stock with a market price of $40 per share. b. Borrowed $26,000 from a local bank, signing a note due in three years. C. Signed a one-year lease for a space near a health club, paying $1,200 for April rent and $3,600 for rent for May, June, and July d. Purchased equipment costing $15,800, paying 20 percent in cash and owing the rest on account to the supplier, due in 60 days. e. Ordered a business computer and printer from Dell for $3,500. f. Loaned $1,600 to an employee who signed a note due in three months. g. Purchased supplies for $3,200 on account. h. Paid Facebook $2,600 as a budget for advertising. (Facebook charges the advertiser's account per click, drawing down the balance. The average click is $0.52.) i. Paid $3,840 for 12 months of insurance coverage, with one-twelfth covering April and the rest covering the remainder of the fiscal year (end of March next year). j. Purchased short-term investments for $14,800 cash. k. Along with her four other licensed massage therapists, Sarah and her team provided $44,400 of deep tissue service to clients in April who paid half in cash and agreed to pay the rest in May. 1. Paid employees $20,400 in wages for work in April. m. At the end of April, received a $430 utility bill for the use of gas and electric in April. The bill will be paid in May. n. Paid $2,700 on the long-term note owed to the bank (ignore interest). o. Earned and received $37 in interest on the short-term investments. p. Sent the team to Boston in April to receive additional specialty training, costing IthacaDeep $2,700 cash. q. Received $2,000 from clients for a series of services to be performed beginning in May. Required: 1. Prepare journal entries for each transaction. 2. Post the effects of the transactions to the T-accounts. 3. Prepare an unadjusted trial balance for IthacaDeep, Inc., at the end of April. 4. Prepare an unadjusted classified income statement, statement of stockholders' equity, and classified alance sheet from the trial balance created in requirement (3) above. 5. Compute the following ratios: (1) current ratio and (2) net profit margin ratio. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg 3 Req 4a Req 4b Req 4c Reg 5 Prepare journal entries for each transaction. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet No Transaction General Journal Debit Credit 1 a. Cash 17,600 22 Common stock Additional paid-in-capital 17,578 2 b. Cash 26,000 3 C. 1,200 Rent expense Prepaid expenses 3,600 Cash 4,800 4 d. 15,800 Equipment Cash Accounts payable 3,160 12,640 5 e 3,500 Equipment Accounts payable 3,500 6 f. 1,600 Cash 1,600 7 g. 3,200 Supplies Accounts payable 3,200 8 h. 2,600 Advertising expense Cash 2,600 9 i. Insurance expense 320 3,520 Prepaid expenses Cash 3,840 10 j Short-term investments 14,800 Cash 14,800 11 k. Cash 22,200 22,200 Accounts receivable Service revenue 44,400 12 1. 20,400 Wages expense Cash 20,400 13 m. Utilities expense 430 Accounts payable 430 14 n. 2,700 Long-term note payable Cash 2,700 15 O. Cash 37 Interest revenue 37 16 p. 2,700 Training expense Cash 2,700 17 q. Cash 2,000 Unearned revenue 2,000 Post the effects of the transactions to the T-accounts. Cash Short-Term Investments Beg. Beg. End. Bal. (a) (b) (c) (d) End. Bal. Accounts Receivable Supplies Beg. Beg. End. Bal. End. Bal. Prepaid Expenses Short-Term Note Receivable Beg. Beg. End. Bal. End. Bal. Equipment Accounts Payable Beg. Beg End. Bal. End. Bal. Utilities Payable Unearned Revenue Beg. Beg. End. Bal. 0 End. Bal. Long-Term Note Payable Common Stock Beg. Beg. End. Bal. End. Bal. Additional Paid-in Capital Retained Earnings Beg. Beg. End. Bal. 0 End. Bal. Service Revenue Interest Revenue Beg. Beg. End. Bal. End. Bal. Wages Expense Training Expense Beg. Beg. End. Bal. End. Bal. Service Revenue Interest Revenue Beg. Beg. End. Bal. 0 End. Bal. Wages Expense Training Expense Beg. Beg End. Bal. End. Bal. 0 Insurance Expense Rent Expense Beg. Beg. End. Bal. 0 End. Bal. 0 (a) Utilities Expense (b) Beg. (c) (d) End. Bal. 0 Prepare an unadjusted trial balance for IthacaDeep, Inc., at the end of April. Credit ITHACADEEP, INC. Unadjusted Trial Balance April 30 Debit Cash Short-term investments Accounts receivable Supplies Prepaid expenses Short-term note receivable Equipment Accounts payable Utilities payable Unearned revenue Long-term note payable Common stock Additional paid-in capital Retained earnings Service revenue Interest revenue Wages expense Training expense Insurance expense Rent expense Utilities expense Total 0 0 Prepare an unadjusted classified income statement. (Round your earnings per share value to 2 decimal places.) ITHACADEEP, INC. Unadjusted Income Statement For the Month Ended April 30 0 Total operating revenues Operating expenses: 0 Total operating expenses Income from operations Other items: 0 Income before income taxes Income tax expense $ 0 Earnings per share Prepare a statement of stockholders' equity. ITHACADEEP, INC. Statement of Stockholders' Equity For the Month Ended April 30 Common Stock Additional Paid-in Capital Retained Earnings Total Stockholders' Equity Balances, April 1 Issue stock Balances, April 30 $ 0 $ 0 $ 0 $ 0 Prepare a classified balance sheet from the trial balance created in requirement (3) above. ITHACADEEP, INC. Balance Sheet April 30 Assets Current assets: Total current assets 0 0 Total assets Liabilities and Stockholders' Equity Current liabilities: Total current liabilities 0 Total liabilities Stockholders' Equity: 0 Total stockholders' equity Total liabilities and stockholders' equity 0 Compute the following ratios: (1) current ratio and (2) net profit margin ratio. Current ratio Numerator Denominator II 0 Net profit margin Numerator Denominator = 0