I need help with the ones that have a red x by them. general journal entries & ratios. please show work if possible. thanks

i need help with the ones that have red x's. the journal entries and ratios. the unadjusted & adjusted are posted. please show work if possible

GL0403 (Algo) - Based on Problem 4-5A LO C1, P3 The fiscal year-end unadjusted trial balance for Lee Company is found on the trial balance tab. Rent expense and salaries expense are equally divided between selling activities and general and administrative activities. Lee Company uses a perpetual Inventory system. Descriptions of items that require adjusting entries on January 31, 2020, follow. a. Store supplies still available at fiscal year-end amount to $1,850. b. Expired Insurance, an administrative expense, for the fiscal year is $1,440. c. Depreciation expense on store equipment, a selling expense, Is $6,100 for the fiscal year. d. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $9,590 of inventory is still available at fiscal year-end 2 Jan 31 Insurance expense Prepaid insurance 1,440 1,440 3 Jan 31 Depreciation expense - Store equip. Accumulated depreciation - Store equip. 6,100 6,100 4 Jan 31 Cost of goods sold Merchandise inventory 24,410 PIC 24,410 5 Jan 31 Sales Income summary Ol 6 Jan 31 > 93,200 Income summary Rent expenso Advertising expense Store supplies expense Insurance expense Salaries expense Depreciation expense - Store equip Sales returns and allowances Sales discounts Cost of goods sold 11,600 9,950 3.700 1,440 29,000 6,100 3,600 3,400 24.410 7 Jan 31 93,200 Income summary Retained earnings 93,200 * B Jan 31 4,100 Retained earnings Dividends 4,100 Recent Ganador GL0403 (Algo) - Based on Problem 4-5A LO C1, P3 The fiscal year-end unadjusted trial balance for Lee Company is found on the trial balance tab. Rent expense and salaries expense are equally divided between selling activities and general and administrative activities. Lee Company uses a perpetual inventory system. Descriptions of items that require adjusting entries on January 31, 2020, follow. a Store supplies still available at fiscal year-end amount to $1,850, b. Expired insurance, an administrative expense, for the fiscal year is $1,440. c. Depreciation expense on store equipment, a selling expense, is $6,100 for the fiscal year. d. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $9,590 of inventory is still available at fiscal year-end Answer is not complete. Ratios General General Requirement Multiple Step Journal Trial Balance Ledger IS Single Step Is Balance Sheet Compute the following ratios as of January 31, 2020. Round each ratio to 2 decimal places. Dates: Jan 31 Current ratio 8583 Add-test ratio 0.98 Gross margin ratio 45.41 to: Jan 31 > 1,440 3 Jan 31 Depreciation expense - Store equip. Accumulated depreciation - Store equip. 00 6,100 6,100 4 Jan 31 24,410 Cost of goods sold Merchandise inventory DIS 24,410 5 Jan 31 Sales Income summary 6 Jan 31 > 93,200 Income summary Rent expenso Advertising expense Store supplies expense Insurance expense Salaries expense Depreciation expense - Store equip Salos returns and allowances Sales discounts Cost of goods sold 11,600 9,950 3,700 1,440 29,000 6,100 3,600 3,400 24,410 7 Jan 31 93,200 Income summary Retained earnings 93,200 * B Jan 31 4,100 Retained earnings Dividends 4,100 Rocument Galladar GL0403 (Algo) - Based on Problem 4-5A LO C1, P3 The fiscal year-end unadjusted trial balance for Lee Company is found on the trial balance tab. Rent expense and salaries expense are equally divided between selling activities and general and administrative activities. Lee Company uses a perpetual inventory system. Descriptions of items that require adjusting entries on January 31, 2020, follow. a Store supplies still available at fiscal year-end amount to $1,850, b. Expired insurance, an administrative expense, for the fiscal year is $1,440. c. Depreciation expense on store equipment, a selling expense, is $6,100 for the fiscal year. d. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $9,590 of inventory is still available at fiscal year-end Answer is not complete. Ratios General General Requirement Multiple Step Journal Trial Balance Ledger IS Single Step Is Balance Sheet Compute the following ratios as of January 31, 2020. Round each ratio to 2 decimal places. Dates: Jan 31 Current ratio 8583 Add-test ratio 0.98 Gross margin ratio 45.41 to: Jan 31 underlying journal entries. If the total debits do not equal the total credits, you have a journal entry that is out of balance. If you have an abnormal ending balance (indicated with brackets in the general ledger), you should review the journal entries that affected that account to ensure that the journal entries are correct. Shows Adjusted Dates: Jan 31 to: Jan 31 Lee Company Trial Balance January 31, 2020 Account Title Debat Credit s 10.150 54210 860 51.000 33.560 10.400 5.400 27.300 Cash Merchandise inventory Store supplies Prepaid insurance store equipment Accumulated depreciation - Store equip Accounts payable Common stock Retained Gaming Dividends Sales Sales discounts sales returns and slowances Cost of goods sold Depreciation expense Store equip Salaries expense insurance expense Rent expense Store supplies ponse Advertising expense Total 4.100 154.000 1.400 3.500 58410 8.100 29.000 1.440 11 00 3700 3 Multiple Step 17 MacBook Pro ese 46 80 888 N 3 $ 4 % 5 6 & 7 8 9 Q W E R T Y GL0403 (Algo) - Based on Problem 4-5A LO C1, P3 The fiscal year-end unadjusted trial balance for Lee Company is found on the trial balance tab. Rent expense and salaries expense are equally divided between selling activities and general and administrative activities. Lee Company uses a perpetual Inventory system. Descriptions of items that require adjusting entries on January 31, 2020, follow. a. Store supplies still available at fiscal year-end amount to $1,850. b. Expired Insurance, an administrative expense, for the fiscal year is $1,440. c. Depreciation expense on store equipment, a selling expense, Is $6,100 for the fiscal year. d. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $9,590 of inventory is still available at fiscal year-end 2 Jan 31 Insurance expense Prepaid insurance 1,440 1,440 3 Jan 31 Depreciation expense - Store equip. Accumulated depreciation - Store equip. 6,100 6,100 4 Jan 31 Cost of goods sold Merchandise inventory 24,410 PIC 24,410 5 Jan 31 Sales Income summary Ol 6 Jan 31 > 93,200 Income summary Rent expenso Advertising expense Store supplies expense Insurance expense Salaries expense Depreciation expense - Store equip Sales returns and allowances Sales discounts Cost of goods sold 11,600 9,950 3.700 1,440 29,000 6,100 3,600 3,400 24.410 7 Jan 31 93,200 Income summary Retained earnings 93,200 * B Jan 31 4,100 Retained earnings Dividends 4,100 Recent Ganador GL0403 (Algo) - Based on Problem 4-5A LO C1, P3 The fiscal year-end unadjusted trial balance for Lee Company is found on the trial balance tab. Rent expense and salaries expense are equally divided between selling activities and general and administrative activities. Lee Company uses a perpetual inventory system. Descriptions of items that require adjusting entries on January 31, 2020, follow. a Store supplies still available at fiscal year-end amount to $1,850, b. Expired insurance, an administrative expense, for the fiscal year is $1,440. c. Depreciation expense on store equipment, a selling expense, is $6,100 for the fiscal year. d. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $9,590 of inventory is still available at fiscal year-end Answer is not complete. Ratios General General Requirement Multiple Step Journal Trial Balance Ledger IS Single Step Is Balance Sheet Compute the following ratios as of January 31, 2020. Round each ratio to 2 decimal places. Dates: Jan 31 Current ratio 8583 Add-test ratio 0.98 Gross margin ratio 45.41 to: Jan 31 > 1,440 3 Jan 31 Depreciation expense - Store equip. Accumulated depreciation - Store equip. 00 6,100 6,100 4 Jan 31 24,410 Cost of goods sold Merchandise inventory DIS 24,410 5 Jan 31 Sales Income summary 6 Jan 31 > 93,200 Income summary Rent expenso Advertising expense Store supplies expense Insurance expense Salaries expense Depreciation expense - Store equip Salos returns and allowances Sales discounts Cost of goods sold 11,600 9,950 3,700 1,440 29,000 6,100 3,600 3,400 24,410 7 Jan 31 93,200 Income summary Retained earnings 93,200 * B Jan 31 4,100 Retained earnings Dividends 4,100 Rocument Galladar GL0403 (Algo) - Based on Problem 4-5A LO C1, P3 The fiscal year-end unadjusted trial balance for Lee Company is found on the trial balance tab. Rent expense and salaries expense are equally divided between selling activities and general and administrative activities. Lee Company uses a perpetual inventory system. Descriptions of items that require adjusting entries on January 31, 2020, follow. a Store supplies still available at fiscal year-end amount to $1,850, b. Expired insurance, an administrative expense, for the fiscal year is $1,440. c. Depreciation expense on store equipment, a selling expense, is $6,100 for the fiscal year. d. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $9,590 of inventory is still available at fiscal year-end Answer is not complete. Ratios General General Requirement Multiple Step Journal Trial Balance Ledger IS Single Step Is Balance Sheet Compute the following ratios as of January 31, 2020. Round each ratio to 2 decimal places. Dates: Jan 31 Current ratio 8583 Add-test ratio 0.98 Gross margin ratio 45.41 to: Jan 31 underlying journal entries. If the total debits do not equal the total credits, you have a journal entry that is out of balance. If you have an abnormal ending balance (indicated with brackets in the general ledger), you should review the journal entries that affected that account to ensure that the journal entries are correct. Shows Adjusted Dates: Jan 31 to: Jan 31 Lee Company Trial Balance January 31, 2020 Account Title Debat Credit s 10.150 54210 860 51.000 33.560 10.400 5.400 27.300 Cash Merchandise inventory Store supplies Prepaid insurance store equipment Accumulated depreciation - Store equip Accounts payable Common stock Retained Gaming Dividends Sales Sales discounts sales returns and slowances Cost of goods sold Depreciation expense Store equip Salaries expense insurance expense Rent expense Store supplies ponse Advertising expense Total 4.100 154.000 1.400 3.500 58410 8.100 29.000 1.440 11 00 3700 3 Multiple Step 17 MacBook Pro ese 46 80 888 N 3 $ 4 % 5 6 & 7 8 9 Q W E R T Y