I need help with my Acct 301 class please! I have attached several documents that I am looking for help on. I have filled in a lot of the blanks, I just need help filling in some of the other gaps.

B-04.02 Reagan Sakai is in charge of financial management for Land Monitrix. Land Monitrix utilizes satellite technology and sophisticated mapping software to alert its customers to trespassing, illegal dumping, and other encroachments on property these customers own around the globe. Customers typically purchase one-year contracts for this service, and the pricing depends on the number and size of sites monitored. Mr. Sakai desires to review financial reports -- an income statement, statement of retained earnings, and balance sheet. Prepare these reports from the following adjusted trial balance. Mr. Sakai needs this information for internal review purposes, and does not require a classified balance sheet. The operating data relate to the full year, and the blank worksheet already includes partial data. LAND MONITRIX CORPORATION Adjusted Trial Balance As of December 31, 20X5 Debits Cash $ Accounts receivable Credits 834,221 $ - 345,909 - Prepaid expenses 45,787 - Supplies 66,665 - 3,009,000 - Accumulated depreciation - 1,222,199 Accounts payable - 544,190 Unearned revenues - 455,000 Loan payable - 1,000,000 Capital stock - 560,000 Retained earnings, Jan. 1 - 228,892 Dividends 50,000 - Revenues - 2,373,402 Selling expenses 476,445 - Interest expense 80,000 - Salaries expense 677,667 - Maintenance and supplies expense 222,989 - Depreciation expense 575,000 - Satellite equipment $ 6,383,683 $ 6,383,683 B-04.02 Name: Date: B-04.02 Section: Income Statement Revenues Services to customers $ - Expenses $ - Net income $ - Note -- The "Excel" tip uses macros, and your security settings may limit access. LAND MONITRIX CORPORATION Statement of Retained Earnings Beginning retained earnings $ Plus: Net income - $ - $ - Name: Date: B-04.02 Section: LAND MONITRIX CORPORATION Balance Sheet Assets $ - Satellite equipment $ Less: Accumulated depreciatio - Total assets $ - $ - Liabilities $ - Total liabilities Stockholders' equity $ - Total stockholders' equity Total liabilities and equity $ - B-04.05 Timber Creek prepared the following adjusted trial balance on December 31, 20X3. The company has completed preparation of financial statements and is now ready to prepare closing entries. TIMBER CREEK Adjusted Trial Balance As of December 31, 20X3 Debits Cash $ Accounts receivable Credits 35,600 $ - 23,700 - 7,500 - 325,700 - Accumulated depreciation - 40,400 Accounts payable - 34,800 Loan payable - 100,000 Capital stock - 80,000 Retained earnings - 70,000 Dividends 20,000 - Revenues - 478,400 Rent expense 120,000 - Salaries expense 235,600 - Supplies expense 18,000 - 7,400 - 10,100 - Supplies Equipment Interest expense Depreciation expense $ 803,600 $ 803,600 (a) Prepare the necessary closing entries. (b) Use T-accounts to determine the post-closing balances of the accounts. (c) Prepare the post-closing trial balance. Name: Date: B-04.05(a) Section: GENERAL JOURNAL Date Page Accounts Debit Dec. 31 To close Summary revenues to Income To close Summary expenses to Income Dec. 31 Dec. 31 To close Income Summary to retained earnings Dec. 31 To close dividends Credit Name: Date: B-04.05(b) Section: CASH DIVIDENDS closing ACCOUNTS RECEIVABLE REVENUES closing SUPPLIES RENT EXPENSE closing EQUIPMENT SALARIES EXPENSE closing ACCUMULATED DEPRECIATION SUPPLIES EXPENSE closing ACCOUNTS PAYABLE INTEREST EXPENSE closing LOAN PAYABLE DEPRECIATION EXPENSE closing CAPITAL STOCK INCOME SUMMARY closing closing RETAINED EARNINGS closing closing closing Name: Date: Section: B-04.05(b) Name: Date: B-04.05(c) Section: TIMBER CREEK Post-Closing Trial Balance As of December 31, 20X3 Debits $ $ Credits - $ - - - - - - - - - - - - - - - - - - $ - I-04.01 Berry Corporation prepared the following preliminary trial balance. The trial balance and other information was evaluated by Delton Wiser, CPA. Delton has returned a list of proposed adjustments that are necessary to facilitate preparation of correct financial statements for the year ending December 31, 20X3. BERRY CORPORATION Trial Balance December 31, 20X3 Debits Cash Accounts receivable $ Credits 30,540 $ - 45,000 - 7,000 - 244,500 - Accumulated depreciation - 46,500 Accounts payable - 12,700 Unearned revenue - 31,250 Notes payable - 80,000 Capital stock - 100,000 Retained earnings, Jan. 1 - 63,200 Dividends 12,000 - Revenues - 289,800 214,600 - 8,700 - Selling expense 41,610 - Depreciation expense 12,000 - 7,500 - $ 623,450 $ 623,450 Supplies Equipment Wages expense Utilities expense Interest expense I-04.01 Delton discovered that 40% of the unearned revenue appearing in the trial balance had actually been earned as of the end of the year. A physical count of supplies on hand revealed a year-end balance of only $3,000. Unpaid and unrecorded invoices for utilities for December amounted to $1,500. The last payday was December 26. Employees are owed an additional $3,900 that has not been recorded. Additional depreciation of $3,100 needs to be recorded. (a) Prepare journal entries relating to the adjustments. (b) Prepare an adjusted trial balance (you might utilize a partial worksheet for this task, as shown in the downloadable form). (c) Prepare an income statement and statement of retained earnings for 20X3, and a classified balance sheet as of the end of the year. (d) Berry's bookkeeper argued with Delton that there was no need to record the adjustments since they have no "net" effect on income. Evaluate whether this observation is true of false, and comment on the appropriateness of this logic. Name: Date: I-04.01(a) Section: GENERAL JOURNAL Date Page Accounts Debit Credit Name: Date: I-04.01(b) Section: BERRY CORPORATION Worksheet for Adjusted Trial Balance December 31, 20X3 Trial Balance Debits Cash Adjustments Credits Debits Adjusted Trial Balance Credits Debits Credits $30,540 - - - - - 45,000 - - - - - 7,000 - - - - - 244,500 - - - - - Accumulated depreciatio - $46,500 - - - - Accounts payable - 12,700 - - - - Utilities payable - - - - - - Wages payable - - - - - - Unearned revenue - 31,250 - - - - Notes payable - 80,000 - - - - Capital stock - 100,000 - - - - Retained earnings, Jan. 1 - 63,200 - - - - Dividends 12,000 - - - - - Revenues - 289,800 - - - - 214,600 - - - - - 8,700 - - - - - Selling expense 41,610 - - - - - Depreciation expense 12,000 - - - - - - - - - - - 7,500 - - - - - ### $ - Accounts receivable Supplies Equipment Wages expense Utilities expense Supplies expense Interest expense ### $ - $ - $ - Name: Date: I-04.01(c)(d) Section: BERRY CORPORATION Income Statement For the Year Ending December 31, 20X3 Revenues Services to customers $ - Expenses Wages $ - Utilities - Selling - Depreciation - Supplies - Interest - Net income $ - $ - BERRY CORPORATION Statement of Retained Earnings For the Year Ending December 31, 20X3 Beginning retained earnings Plus: Net income $ Less: Dividends Ending retained earnings - $ - Name: Date: I-04.01(c)(d) Section: BERRY CORPORATION Balance Sheet December 31, 20X3 Assets Current assets Cash $ - Accounts receivable - Supplies - $ - Property, plant & equipment Equipment $ Less: Accumulated depreciation - Total assets $ - $ - Liabilities Current liabilities Accounts payable $ - Utilities payable - Wages payable - Unearned revenue - Long-term liabilities Notes payable - Total liabilities $ - Stockholders' equity Capital stock Retained earnings $ - Total stockholders' equity Total liabilities and equity $ - Name: Date: (d) Section: I-04.01(c)(d) I-04.06 Use this randomly arranged data to prepare a classified balance sheet for Imamani Corporation as of December 31, 20X5. Some of the accounts do not belong in the balance sheet, and 20% of the loan payable matures each June 30. Capital Stock Patent Accumulated depreciation (equipment) Building Land held for speculation Dividends $ 755,000 275,000 (477,654) 1,990,776 156,098 50,000 Cash 182,345 Retained earnings 646,992 Accounts receivable 56,766 Accounts payable 78,011 Income tax expense Prepaid insurance Accumulated depreciation (building) Loan payable 123,334 3,883 (988,777) 1,000,000 Equipment 887,885 Land 278,790 Interest payable Inventories Cash value of life insurance 31,117 121,008 25,000 Name: Date: Section: IMAMANI CORPORATION Balance Sheet December 31, 20X5 Assets Liabilities I-04.06 Name: Date: Section: I-04.06