I need help completing my Financial Statement homework and if what I have completed is correct.

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Jade Company December 31, 2018 Unadjusted Trial Balance 130,000 25,000 15,000 12,000 100,000 14,000 64,000 Cash Accounts Receivable Supplies Prepaid Insurance Inventory Vehicle Equipment Accumulated Depreciation Accounts Payable Unearned Revenue Wages Payable Long-Term Notes Payable Common Stock Retained Earnings (1/1/2018) Dividends Service Revenue Repair Expense Delivery Expense Depreciation Expense Rent Expense Insurance Expense Wages Expense Supplies Expense Interest Expense Income Tax Expense Total 35,000 9,000 13,600 12,500 40,000 35,000 65,700 4,000 576,000 1,800 50,000 6,000 64,000 10,000 190,000 50,000 6,000 45,000 786,800 786,800 Part 1: Prepare adjusting journal entries using the unadjusted trial balance provided to you in Question 1 of the Financial Statement Homework quiz on D2L and the information provided below. The Unadjusted Trial Balance can be downloaded from the D2L quiz by right clicking on the image and saving it to your computer. When preparing the adjusting journal entries, use only the account names provided in the Unadjusted Trial Balance (do not create any new account names and do not abbreviate account names). 1. The prepaid insurance balance reflects a 12-month insurance policy which started on Sept. 1. 2018, and no adjustments were made from Sept. 1 - Dec. 31, 2018. Write the adjusting journal entry for Dec. 31, 2018 Insurance Expense $4,000 Prepaid Insurance $4,000 2. Additional depreciation expense of $15,000 needs to be recorded for the year ended 2018 Depreciation Expense $15,000 Accumulated Depreciation $15,000 3. Wages due to employees of $8,000 need to be recorded at year end. These wages will be paid to employees on January 9, 2019. (next month) Wages Expense $8,000 Wages Payable $8,000 4. The company has completed $12,900 of the amount in unearned revenue as of Dec. 315 Unearned Service Revenue $12,900 Service Revenue $12,900 5. In Dec. the company provided services worth $8,000 to clients that were not yet billed or recorded by Dec. 31. Record the additional revenue. Accounts Receivable $8,000 Service Revenue $8,000 6. On Dec 31" the company completed a physical count of their supplies and determined that only $4,000 of supplies are still on hand. Supplies Expense $11,000 Supplies $11,000 Page 3 of 10 Part 2: Post the adjusting journal entries to t-accounts: (Hints on getting started: Above each T-account, write the account name of each account affected by an adjusting journal entry (you may not need to use all of the T- accounts). Write in the unadjusted balance for each of these accounts from the Unadjusted Trial Balance provided in question 1 of your D2L quiz (the unadjusted balance might be a debit, a credit, or zero balance). Now you are ready to post your adjusting journal entries from Part 1 to the corresponding T-accounts and calculate adjusted balances. Insurance report 12000 Sarere Esense 19000 4,000 14,000 Dexerickon Expanse Ce: 600 15.000 21.000 4,000 8,000 Wanos tense 190.000 ucciskan 35,000 15.000 50,000 Nacs Babe 12,500 8.000 20,500 198,000 Expense Unserned levenue 12.900 700 Service Revenue 576,000 Suoolies 50.000 2,900 1,000 8,000 1.000 13,600 596,900 Supolies 11,000 11,000 15,000 Arconto Receivele 25,000 8,000 33,000 Page 4 of 10 Part 3: Prepare the Adjusted Trial Balance (i.e. after the previous 6 journal entries are posted) (Company Name) (Date) Adjusted Trial Balance $8,000 $50,000 Cash Accounts Receivable Supplies Prepaid Insurance Inventory Vehicle Equipment Accumulated Depreciation Accounts Payable Unearned Revenue Wages Payable Long-Term Notes Payable Common Stock Retained Earnings (1/1/2018) Dividends Service Revenue Repair Expense Delivery Expense Depreciation Expense Rent Expense Insurance Expense Wages Expense Supplies Expense Interest Expense Income Tax Expense Total 596.900 $21,000 $14.000 Page 5 of 10 4. Based on the Adjusted Trial Balance provided in Question 2 of the Financial Statement Homework quiz on D2L, prepare in proper format the Income Statement, the Retained Earnings Statement, and a Classified Balance Sheet (in this order) Include all appropriate headings, dates, titles, subtotals and totals. (You may not use all the lines provided in the statement formats below). The Adjusted Trial Balance can be downloaded from the D2L quiz by right clicking on the image and saving it to your computer. DO NOT USE THE ADJUSTED TRIAL BALANCE CREATED IN PART 3 Insert Adjusted Trial Balance Image HERE: Page 6 of 10 Jackson Contractors Adjusted Trial Balance December 31, 2018 109,500 25,000 10,000 28,000 107,500 20,000 74,000 Cash Accounts Receivable Supplies Prepaid Insurance Inventory Vehicle Equipment Accumulated Depreciation Accounts Payable Unearned Revenue Wages Payable Long-Term Notes Payable Common Stock Retained Earnings (1/1/2018) Dividends Service Revenue Repair Expense Delivery Expense Depreciation Expense Rent Expense Insurance Expense Wages Expense Supplies Expense Interest Expense Income Tax Expense Total 35.000 9,500 13,000 5,500 45,000 40,000 50,100 3,000 479,000 12,500 37,600 16,000 50,000 15,000 123,500 11,500 3,000 31,000 677,100 677,100 (Company Name) Income Statement (Date) Page 7 of 10 (Company Name) Statement of Retained Earnings (Date) (Be sure to include all the necessary subtotals and totals as outlined in Chapter 2 for a Classified Balance Sheet. You may not need to use all the lines provided. Note: The two columns below do not represent debit and credit balances like they do on a trial balance. On the Balance Sheet, use the right column for subtotals and totals.) Page 8 of 10 (Company Name) Balance Sheet (Date) Page 9 of 10 6. Answer the following questions using the above completed financial carements: art 5: Ans statements: What is the dollar amount for Net Income or Net Loss? What is the dollar amount for Ending Retained Earning? What is the dollar amount for Total Current Assets? What is the dollar amount for Total Current Liabilities? What is the dollar amount for Total Stockholders Equity? What is the dollar amount for Total Assets? Page 10 of 10