I need help answering these seven questions.
If: Cash = $3,000 Equipment = $9,000 Accounts Payable = $3,500 Common Stock = $2,000 What must Retained Earnings equal in order for the accounting equation to balance?Determine which of the following adjusting entries is correct for the following scenario. One-fourth of the work related to $20,000 cash that was previously received in advance was performed this period. O Accounts Receivable 5,000 Fees Earned 5,000 O Fees Earned 5,000 Unearned Revenue 5,000 O Unearned Revenue 5,000 Fees Earned 5,000 O Cash 5,000 Fees Earned 5,000For each of the following items identify what they would be classified as on a classified balance sheet. Accounts Receivable A. Current Asset Notes Payable (due in 90 days) B. Property, Plant, & Equipment Copyright C. Equity D. Long-Term Liability Notes Payable (due in 3 years) E. Intangible Asset Machinery used in operations F. Current Asset Cash G. Long-Term Investment Common Stock H. Current Liability Land not currently used in operationsWhat amount was paid on April 13th, under the following scenario? A Arkansas Company: . April 4 - purchased $4,000 of merchandise from State Company on credit, with terms 3/10, n/30 . April 5 - paid shipping costs of $50 to FedEx . April 7 - returned $350 of damaged merchandise to State Company . April 13th - paid the remaining amount due to State CompanyIn early January 2018, Madison Manufacturing purchases new equipment for $200,000. The equipment will be used in normal operations for the next 8 years. It estimates that the equipment's salvage value will be $15,000. Answer the following questions. (Each question is independent of the other) 1. If Madison Manufacturing used straight line depreciation, what would the deprecation expense in year 3 be? 2. If Madison Manufacturing used double-declining-balance depreciation, what would the deprecation expense in year 3 be?Chapter 9: Allen Company has 10 employees. FICA Social Security taxes are 6.2% of the first $118,500 paid to each employee, and FICA Medicare taxes are 1.45% of gross pay. FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first $7,000 paid to each employee. Included is the information for one of their ten employees. M. Allen earned $89,000 during the year. Calculate the following taxes for M. Allen: FICA Social Security Taxes FICA Medicare Taxes FUTA Taxes SUTA TaxesChapter 10: Gold Co. issues bonds dated January 1, 2018, with a par value of $300,000. The bonds' contract rate is 10%. Interest is paid semiannually on June 30 and December 31. The bonds mature in two years. The annual market rate at the date of issuance is 8%. The bonds are sold at $305,650. How much total bond interest expense will be recognized over the life of these bonds