I have done the work I'm just wondering what I'm missing and because I can't attach an excel sheet it makes it hard to get it on here.

I'm not seeing what number I'm missing or if I put amount in the wrong spot? I have included the question and my answers for 1, 4 and 5.

1. The list of accounts below and the unadjusted balances of these accounts were taken from the ledger of the Manville Corporation at the end of their accounting period, March 31, 20X2: Cash $ 3,995 Accounts Receivable 13,240 Allowance for Doubtful Accounts 120 InventoryApril 1, 20X1 22,800 Prepaid Insurance 360 Supplies on Hand 520 Equipment 15,000 Accumulated DepreciationEquipment 4,500 Accounts Payable 11,870 Taxes Payable 390 Capital Stock 25,000 Retained Earnings 11,920 Dividends 9,000 Sales 89,490 Sales Returns and Allowances 920 Sales Discounts 1,330 Purchases 56,320 Purchase Returns and Allowances 490 Purchase Discounts 1,125 Transportation-In 880 Sales Salaries 11,800 Rent Expense 3,600 Advertising Expense 2,700 Utilities Expense 1,880 Maintenance Expense 560 Additional data: a. Merchandise inventory at March 31, 20X2, was $23,300. b. The Allowance for Doubtful Accounts should be increased by $600. c. Prepaid insurance represents a three-year policy purchased April 1, 20X1. d. Supplies on hand were estimated to be $170 on March 31, 20X2. e. The cost of the equipment is being depreciated over a 15-year estimated life using the straight-line method. Salvage value should be ignored. f. Unpaid sales salaries on March 31, 20X2, amounted to $200. REQUIRED: 1. Prepare a work sheet. (Adjusted trial balance columns may be omitted.) 2. Prepare an income statement. 3. Prepare a statement of retained earnings. 4. Prepare a balance sheet. 5. Prepare the closing entries.

Manville Corporation

Work Sheet

For the Month Ended March 31, 20X2

Trial Balance Adjustments Income StatementRetained Earnings Statement Balance Sheet

DR CR DR CR DR CR DR CR DR CR DR CR

Cash 3995 3995

Acc pay 13240 13240

All Doubtful 120 b)600

Mech inven

Manville Corporation

Work Sheet

For the Month Ended March 31, 20X2

Trial Adjustments Income Retained Balance Sheet

Balance Statement Earnings

DR CR DR CR DR CR DR CR DR CR

Cash 3995 3995

Account Rec 13240 13240

Allow Doubtful Acou 120 (b) 600 720

Merch Inventory22800 22800

Prepaid Insurance 360 (c)1080 720

Supplies on Hand 520 (d) 170 350

Equipment 15000 15000

Accum depr Equip4500 (e)300 4800

Account Payable 11870 11870

Taxes Payable 390 390

Capital Stock 25000 25000

Retained Earning 11920 11920

Dividends 9000 9000

Sales 89490 89490

Sales Ret & Allow920 920

Sales Discounts1330 1330

Purchases 56320 56320

Pur Retu & Allow490 490

Purchases Discounts 1125 1125

Transport-In 880 880

Sales Salaries11800 (f) 200 12000

Rent Expense3600 3600

Advertising 2700 2700

Utilities 1880 1880

Maint Exp 560 560

Totals 144905 144905

Mechandise Inventory March 31, 20X2 (a)23300 23300

Allowance For Doubtful Accounts (b) 600 600

Prepaid Insurance (c)1080 1080

Supplies on Hand (d) 170 170

Accumulated Depreciation Equip (e)300 300

Sales Salaries (f) 200

2350 2350 104540 121005

Net Income 16465 16465

121005 121005 9000 28385 56605 42780

Retained Earnings From March 31 19385 19385

28385 28385 56605 62165

4) Maniville Corporation

Balance Sheet

March 31, 20X2

Assets

Current Assets

Cash in Bank 3995

Accounts Receivable 13240

Less: Allowance for Doubtful Accounts 120 13120

Merchandise Inventory 23300

Supplies on Hand 520

Prepaid Insurance 360

Total Current Asset 41295

Property, Plant, & Equipment

Equipment 15000

Less: Accumulated Depreciation 4500

Total Property, Plant, & Equipment 10500 10500

Total Assents 51795

Liabilties & Stockholders' Equity

Current Liabilties:

Accounts Payable 11870

Taxes Payable 390

Total Current Liabilties 12260

Stockholders' Equity

Capital Stock 25000

Total Contributed Capital 25000

Retained Earnings 11920

Total Liabilties & Stockholders' Equity 13080

25340

77135

5General Journal

POST

DATE ACCOUNT TITLES AND EXPLANATION REF. DEBIT CREDIT

20X2 March

31 Insurance Expense 710 720

Prepaid Insurance 130 720

To record the insurance expense and adjust the

prepaid insurance account at year-end

31 Uncollectible Accounts Expense 712 600

Allowance for Doubtful Accounts 109 600

To record the estimated bad debits resulting from credit sales

31 Supplies Expense 708 350

Supplies on Hand 125 350

To record the supplies expense and adjust the Supplies on Hand

account at year-end

31 Payroll Tax Expense 703 390

Taxes Payable 312 390

To record the employer's taxes on the above payroll

31 Depreciation-Equipment 722 4800

Accumulated Depreciation-Equipment 211 4800

To record depreciation for the mont of March 20x2

31 Sales Salaries 700 12000

Sales Salaries 701 12000

To record earned but unpaid salaries of March 31, 20X2

31 Merchanise Inventory 120 22800

Sales 500 89490

Purchase Returns and Allowances 601 490

Purchase Discounts 602 1125

Dividend Income 761 9000

Income summary 499 122905

To record the ending merchandise inventory and

close all temporary accounts having credit balances

31 Income Summary 499 104540

Merchandise Inventory 120 22800

Sales Returns and Allowarnces 505 920

Sales Discounts 506 1330

Purchases 600 56320

Transport-In 603 880

Sales Salaries 700 12000

Rent Expense 705 3600

Payroll Tax Expense 703 390

Advertising Expense 706 2700

Utilities Expense 707 1880

Uncollectible Accounts Expense 712 600

Insurance Expense 710 720

Depreciation-Equipment 722 4800

Tor remove the beginning merchandise inventory

abd close all tempoary accounts having debit balances

31 Income Summary 499 16465

Retained Earnings 420 16465

To close the Income Summary account and transfer

the net income to the Retanined Earnings account

31 Retained Earning 420 9000

Dividends 451 9000

To close the dividend accounts to the Retained

Earnings accounts