I need help with My CyberText project. For entries 32,35,37 I have the debits and credits incorrect. I need help with finding the debit's and credits for each transaction. For the income summary it's rent,insurance, and interest expense are wrong.Also I need the balance sheet. This is my

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4 Description I' _d _ _ 561.00 561.00 Interest to notes ca able 966.67 Interest to notes payable - 966.67 4,252.60 4,252.60 181 1- 27,515.00 182 Closing revenue account 27,615.00 Summary of grade: Note: A score of 0 indicates that there were no points taken off; items incorrect have a score of 1, 2, 3 or 4. One or more errors have been found in the following transaction{s): Transaction One or more of the credit amounts are wrong 32 One or more of the debit amounts are wrong 35 One or more of the credit amounts are wrong 37 FINANCIAL STATEMENTS Points per error 2 Income Statement Revenues: Computer Revenue 0 Expenses: Rent Expense WRONG Salary Expense Advertising Expense Repairs & Maint. Expense Oil & Gas Expense Supplies Expense Interest Expense WRONG Insurance Expense WRONG Depreciation Expense Total Net Income Before Tax Income Tax Expense OOOOOMMOOOOOM Net Income After Tax Total IncomeStatement 6 Changes in Retained Earnings Balance, Beginning of Period Net Income Dividends 0000 Balance, End of Period Total Changes in Retained Earnings 0 B C D E 5 6 Revenues 7 Computer & Consulting Revenue I $27,615.00 8 9 10 11 Expenses 12 Rent Expense 13 Salary Expense 14 Advertising Expense 15 Repairs & Maint. Expense 16 Oil & Gas Expense 17 Supplies Expense 18 Interest Expense 19 Insurance Expense 20 Depreciation Expense 21 Total Expenses 10,604.55 22 23 Net Income Before Tax I $17,010.41 24 25 Income Tax Expense (Round to two decimal places) I 4,252.6C 26 27 Net Income After Tax I $12,757.81 28 29 3O 31 32 33 34 35 36 37 38 39 E Income Statement Sheet3 7:21 TT8783 AD Q . . . B Ryte of Accounting. Inc. AWN- Tivana Teel 9062 Transaction Description of transaction 01. June 1: Byte of Accounting, Inc. acquired $52,200 in cash from Lauryn and issued 1,800 shares of its common stock. 02. June 1: Byte of Accounting, Inc. issued 2,560 shares of its common stock to Tiyana Teel after $31,030 in cash and computer equipment with a fair market value of $43,210 were received. June 1: Byte of Accounting, Inc. issued 2,656 shares of its common stock after acquiring from 03. Courtney $62,350 in cash, computer equipment with a fair market value of $13,920 and office 9 equipment with a fair value of $754. 10 04. June 2: A down payment of $30,000 in cash was made on additional computer equipment that 11 was purchased for $150,000. A five-year note was executed by Byte for the balance. 12 05. June 4: Additional office equipment costing $300 was purchased on credit from Discount 13 Computer Corporation. 14 06. June 8: Unsatisfactory office equipment costing $60 was returned to Discount Computer for 15 credit to be applied against the outstanding balance owed by Byte. 16 07. June 10: Byte paid $23,000 on the balance it owed on the June 2 purchase of computer 17 equipment. 18 08. June 14: A one-year insurance policy covering its computer equipment was purchased by Byte for 19 $5,304 in cash. The effective date of the policy was June 16. 20 21 09 June 16: A check in the amount of $8.000 was received for consulting revenue. 22 June 16: Byte purchased a building and the land it is on for $119,000, to house its repair facilities and to store computer equipment. The lot on which the building is located is valued at $19,000. 10. The balance of the cost is to be allocated to the building. Byte made a cash down payment of $11,900 and executed a mortgage for the balance. The mortgage is payable in eight equal annual installments beginning July 1. 23 24 11. June 17. CASTTUI ST,0VU was part for rent TO1 June, Jury and August. Tut the total amount To 26 27 12. June 17: Received a bill of $275 from the local newspaper for advertising. 28 29 13. June 21: Accounts payable in the amount of $240 were paid 30 31 14 June 21: A fax machine for the office was purchased for $750 cash. 32 15. June 21: Billed various miscellaneous local customers $4,600 for consulting services performed. 33 34 35 16. June 22: Paid salaries of $935 to equipment operators for the week ending June 18. 36 17. June 22: Received a bill for $1,115 from Computer Parts and Repair Co. for repairs to the 37 computer equipment. 38 39 18. June 22: Paid the advertising bill that was received on June 17 40 41 19. TureHasta om Supplies T record the purchase as all meneast 42 43 20. June 23: Cash in the amount of $3,685 was received on billings. 44 45 21. June 28: Billed $6,015 to miscellaneous customers for services performed to June 25 46 47 22. June 29: Paid the bill received on June 22, from Computer Parts and Repairs Co. 48 49 June 29: Cash in the amount of $5,699 was received for billings. 50 fx Enter text or formula here General Journal Transactions Sh +7:12 X TT8783 Edit . . 4 B C D E A Byte of Accounting, Inc. General Journal W te: You can only enter data into the yellow filled cells. isaction Account 4 Date Name Description 185 186 37 Jun 30 3400 Income Summary closing expense accounts 187 37 Jun 30 5010 Rent Expense closing expense accounts 188 37 Jun 30 5020 Salary Expense closing expense accounts 189 37 Jun 30 5030 Advertising Expense closing expense accounts 190 37 Jun 30 5040 Repairs & Maint. Expelclosing expense accounts 191 37 Jun 30 5050 Oil & Gas Expense closing expense accounts 192 37 Jun 30 5080 Supplies Expense closing expense accounts 193 37 Jun 30 5090 Interest Expense closing expense accounts 194 37 Jun 30 5100 Insurance Expense closing expense accounts 195 37 Jun 30 5110 Depreciation Expense closing expense accounts 196 37 Jun 30 5120 Income Tax Expense closing expense accounts 197 198 38 Jun 30 3400 Income Summary closing income summary 199 38 Jun 30 3200 Retained Earnings closing income summary 200 201 202 203 39 Jun 30 3200 Retained Earnings retained earnings 204 39 Jun 30 3300 Dividends dividends 205 206 207 208 209 210 211 212 213 214 215 216 217 General Journal Transaction + AA onedrive.live.com m7:14 X TT8783 Edit ... B C D E F G As of June 30, 2023 LO OO V OUT A W Assets Current Assets Cash 10 Accounts Receivable 11 Prepaid Insurance 12 Prepaid Rent 13 Office Supplies 14 Total 15 16 Long-Term Assets 17 Office Equip. 18 Accum. Depr.-Office Equip. 20 Computer Equip. 21 Accum. Depr.-Computer Equip. 23 Building Cost 24 Accum. Depr.-Building or 26 Land 27 Total 28 Total Assets 29 30 31 Liabilities 32 33 Current Liabilities 34 Accounts Payable 35 Advanced Payment 36 Interest Payable 37 Salaries Payable 38 Income Taxes Payable 39 Total 40 41 Long-Term Liabilities 42 Mortgage Payable 43 Notes Payable 44 Total 45 Total Liabilities 46 47 48 Stockholder's Equity 49 50 Capital Stock 51 Retained Earnings 52 Total 53 Total Liabilities and Stockholder's Equity 54 55 56 57