I need help with the Balance sheet so total assets can equal total liabilities+stockholders equity. I have completed all the other steps and attached then below. Thank you!!

Hampton Accounting Service Inc. is a public corporation that has been in business for 1 year. The company is authorized to issue 100,000 shares of common stock at $1 par value. The company provides accounting services and sells accounting software.

To date the company has issued 20,000 shares of common stock, which are still outstanding. The issued shares were sold at $10 per share. A building and furnishings were purchased at the start of the year. The cost of the building was $140,000 and the cost of the furnishings was $30,000. The depreciation will be recorded annually. The estimated useful life of the building is 20 years with a residual value of $10,000. The company uses the Straight line method to depreciate the building. The estimated useful life of the furnishings is 5 years with a residual value of $2,500. The company uses the Double Declining Balance method to depreciate furnishings. The current inventory consists of 30 units of software at a cost of $140.00 each. Inventory is costed using LIFO and the perpetual inventory system. The company uses an allowance method to account for uncollectible accounts. It is estimated that 1% of net credit revenue will be uncollectible, adjusted monthly. Employees are paid $2,500 salary twice a month, on the 16^th for the first half of the month and on the 2^nd of the following month for the last half of the month. Ignore income tax calculations.

Project Requirements

1. Opening balances- The opening balances for select accounts are provided in the appropriate ledger accounts.
2. Record the following transactions in the journal and post to the ledger:

12/02/xx- Purchased 10 Units of Software on Account for $1,300

12/02/xx- Paid employees Salaries owed

12/02/xx- Provided Accounting Service on Account, $3,200

12/05/xx- Purchased Computer Equipment on Account, $4,800

Note: The equipment has an estimated useful life of 4 years, residual value of $50 and uses the DDB method.

12/08/xx- Purchased Supplies for $800 cash

12/10/xx- Received $3,000 payment on account

12/11/xx- Sold 15 units of Inventory on Account, $4,500

Note: This transaction requires two journal entries. The first entry should deal with the sale, and the second should deal with the inventory

12/11/xx- Made payment on Account, $1,000

12/12/xx- Purchased 20 units of Inventory on Account, $2,400

12/14/xx- Received a bill for Advertising and paid it, $250

12/15/xx- Provided Accounting service for Cash, $8,000

12/16/xx- Paid employees salary for Dec. 1-15

12/17/xx- Provided Accounting Service on Account, $6,000

12/19/xx- Sold 10 units of Inventory on Account, $3,000

Note: This transaction requires two journal entries. The first entry should deal with the sale, and the second should deal with the inventory

12/22/xx- Received $2,500 payment on Account

12/23/xx- Made payment on Account, $2,500

12/24/xx- Received and paid monthly Utility bills, $850

12/27/xx- Received $2,000 cash in advance for accounting services

12/29/xx- Provided Accounting Service for Cash, $5,000

12/30/xx- Issued 1,000 shares of Common Stock at $15 per share

12/31/xx- Declared dividends of $1.50 to outstanding shareholders as of 12/31/xx.

Note: Be sure to debit retained earnings and credit dividends payable.

3. Prepare a trial balance to verify that total debits equal total credits.
4. Record the following adjustments in the journal and in the trial balance. DO NOT post the adjusting entries to the ledger. Instead, post them directly as adjustments to the trial balance.

12/31/xx- Employees salary for Dec. 16-31

12/31/xx- Depreciation on Building, use SL method (calculate for entire year)

12/31/xx- Depreciation on Furnishings, use DDB method (calculate for entire year)

12/31/xx- Depreciation on Computer Equipment, use DDB method (calculate for one month)

12/31/xx- Supplies on hand equal $1,625

12/31/xx- Inventory count shows 33 units, some damaged units were disposed of during the month

12/31/xx- $500 of advance payment was earned in December

12/31/xx- Uncollectible Account expense for December

5. Prepare an Adjusted trial balance to verify debits equal credits at the end of the month
6. Prepare the 3 main financial statements for the year ending December 31, 20xx.

Accounts and Explanation Post Ref Debit Credit Date 12/02/xx Inventory 130 1,300.00 Correct Accounts Payable 200 1,300.00 Correct 12/02/xx Salary Payable 215 2,500.00 Correct 100 2,500.00 Correct Cash 12/02/xx Accounts Receivable 110 3,200.00 Correct 400 3,200.00 Correct Service Revenue 12/05/xx Office Equipment Accounts Payable 160 4,800.00 Correct 4,800.00 Correct 200 Correct 12/08/xx Supplies 120 800.00 Cash 100 800.00 Correct 12/10/xx Cash 100 3,000.00 Correct Accounts Receivable 110 3,000.00 Correct 12/11/xx Accounts Receivable 4,500.00 110 Correct 4,500.00 Correct Sales Revenue 410 12/11/xx Cost of Goods Sold 560 2,000.00 Correct 2,000.00 Correct 130 Inventory 12/11/xx Accounts Payable 200 1,000.00 Correct 1,000.00 Correct Cash 100 12/12/xx Inventory 130 2,400.00 Correct 2,400.00 Correct Accounts Payable 200 12/14/xx Advertising Expense Correct 500 250.00 250.00 Correct Cash 100 12/15/xx Cash 100 8,000.00 Correct 8,000.00 Correct Service Revenue 400 12/16/xx Salary Expense 570 2,500.00 Correct 2,500.00 Correct Cash 100 12/17/xx Accounts Receivable 110 6,000.00 Correct 400 6,000.00 Correct Service Revenue 12/19/xx Accounts Receivable 110 3,000.00 Correct 3,000.00 Correct Sales Revenue 410 12/19/xx Cost of Goods Sold 560 1,200.00 Correct 1,200.00 Correct Inventory 130 12/22/xx cash 100 2,500.00 Correct 2,500.00 Correct 110 Accounts Receivable 12/23/xx Accounts Payable 200 2,500.00 Correct Cash 100 2,500.00 Correct 12/24/xx Utilities Expense 550 850.00 Correct Cash 100 850.00 Correct 12/27/xx Cash 2,000.00 Correct 100 Unearned Service Revenue 2,000.00 Correct 210 12/29/xx Cash 100 5,000.00 Correct 5,000.00 Correct Service Revenue 400 12/30/xx Cash 100 15,000.00 Correct Common Stock, $1 par value 1,000.00 Correct 300 Additional Paid in Capital 14,000.00 Correct 305 12/31/xx Retained Earnings 310 31,500.00 Correct 31,500.00 Correct Dividends Payable 220 Correct Salary Expense 570 2,500.00 Adj 2,500.00 Correct Salary Payable 215 Depreciation Expense 510 6,500.00 Correct Adj Accumulated Depreciation- Building 6,500.00 Correct 151 Depreciation Expense 510 12,000.00 Correct Adj 12,000.00 Correct Accumulated Depreciation- Furnishings 156 Depreciation Expense Accumulated Depreciation- Off. Equip. 510 200.00 Correct Adj 200.00 Correct 161 Supplies Expense 530 1,175.00 Correct Adj Supplies 120 1,175.00 Correct 560 Cost of Goods Sold 240.00 Correct Adj 240.00 Correct 130 Inventory 500.00 Unearned Service Revenue 210 Correct Adj 400 500.00 Correct Service Revenue Uncollectible Accounts Expense 167.00 Correct 540 167.00 Correct Allowance for Unc. Accounts 115 Adj HAMPTON ACCOUNTING SERVICE INC. Trial Balance Adjusted Trial Balance* Debit Adjustments Unadjusted Trial Balance Debit Debit Credit Credit Credit Correct Cash S 348,659.00 348,659.00 Correct $ 21,775.00 Correct Correct 21,775.00 Accounts Receivable 1,964.00 Correct 167.00 Correct 1.175.00 Correct Allowance for Unc. Accounts 2,131.00 Supplies 2,800.00 Correct 3,875.00 240.00 Correct Inventory 4.700.00 Correct S 4,940.00 140,000.00 Building Correct S Correct 140,000.00 6,500.00 Correct Accumulated Depreciation- Building S Correct 6,500.00 $ Furnishing Accumulated Depreciation- Furnishings Office Equipment 30,000.00 Correct Correct 30,000.00 12.000.00 S Correct Correct 12,000.00 Correct 200.00 Correct 4,800.00 Correct 4,800.00 200.00 Accumulated Depreciation- Off. Equip. Correct $ 6,575.00 Correct 2,000.00 Correct Correct Accounts Payable Unearned Service Revenue Salary Payable 6,575.00 $ 500.00 Correct 2,500.00 2,500.00 $31,500.00 2.500.00 Correct Correct 31,500.00 Correct $ 21,000.00 Correct $ 431,325.00 Correct $ $124,700.00 Correct $ 24,000.00 Correct Divider Payable Correct Correct $21,000.00 $ 431,325.00 Stock, Common Additonal Paid in Capital Correct Retained Earnings Correct 8,500.00 Correct S 8,500.00 500.00 Correct Correct Correct Service Revenue 125,200.00 Sales Revenue S 24,000.00 $ Advertising Expense 7,839.00 Correct 7,839.00 $ 18,700.00 Depreciation Expense Correct Correct 18,700.00 10.567.00 Repairs & Maintenance Expense Supplies Expense Correct Correct 10,567.00 Correct 4,735.00 3,560.00 Correct 1,175.00 Uncollectible Accounts Expense Utilities Expense Cost of Goods Sold Salary Expense Total Correct 1,964.00 Correct 167.00 2,131.00 Correct Correct 6,192.00 Correct 6,192.00 10,900.00 Correct 240.00 11,140.00 Correct 60,308.00 $ 675,661.00 $ 673,931.00 57,808.00 2,500.00 Correct 23.282.00 $ 651,564.00 23,282.00 $ 651.564.00 HAMPTON ACCOUNTING SERVICE INC. |Income Statement For the Year Ending December 31,2019 $ $ Service Revenue 125,200.00 Sales Revenue 24,000.00 $ Net Revenue 149,200.00 $ Cost of Goods Sold 11,140.00 $ Gross Profit 138,060.00 Operating Expenses $ $ $ Advertising Expense 7,839.00 Depreciation Expense 18,700.00 Repairs & Maintenance 10,567.00 Supplies Expense 4,735.00 $ $ $ Uncollectible Accts Expense 2,131.00 Utilities Expense 6,192.00 Salary Expense 60,308.00 $ Total Operating Expense 110,472.00 27,588.00 Correct Net Income Assets Current $ 348,659.00 Cash 21,775.00 1,964.00 $ Accounts Receivable $ Less: Allowance for Unc. Accounts 19,811.00 Inventory 4,940.00 Cost of Goods Sold 11,140.00 Total Current Assets 384,550.00 Long- Term Building Less: Accumulated Depreciation- Building 14,000.00 6,500.00 $ 7,500.00 Furnishings 30,000.00 Less: Accumulated Depreciation- Furnishings 12,000.00 $ 18,000.00 Office Equipment 4,800.00 $ 300.00 $ Less: Accumulated Depreciation- Off. Equip. 4,500.00 Total Long- term Assets 30,000.00 Total Assets $ 414,550.00 Incorrect amount Liabilities Current: Accounts Payable |Supplies Unearned Service Revenue 6,575.00 3,875.00 2,500.00 Salary Payable 2,500.00 Total Current Liabilities 15,450.00 Stockholders Equity Common Stock, $1 par value 21,000.00 $431,325.00 Additional Paid in Capital Retained Earnings 36,088.00 503,863.00 Incorrect amount Total Liabilities & Stockholders Equity $