I need some help with my Accounting questions. Please see attachment!

Question1 Identify each account as an asset (A), liability (L), or equity (E). a. Notes Receivable b. New, Captial c. Prepaid Insurance d. Notes Payable e. Rent Revenue f. Taxes Payable g. Rent Expense h. Furniture i. New, Withdrawals j. Unearned Revenue 0 0 0 0 0 0 0 0 0 0 Question2 For each account, identify whether the normal balance is a debit (DR) or credit (CR) a. Notes Payable b. Hernandez, Withdrawals c. Service Revenue d. Land e. Unearned Revenue f. Hernandez, Capital g. Utilities Expense h. Office Supplies i. Advertising Expense j. Interest Payable 0 0 0 0 0 0 0 0 0 0 Question3 Amazing Sales Consultants completed the following transactions during the latter part of January: (Click the icon to view the transactions.) Jan. 22 30 31 31 31 31 Performed services for customers on account, $7,500. Received cash on account from customers, $7,000. Received a utility bill, $200, which will be paid during February. Paid monthly salary to salesman, $2,000. Received $1,350 for three months of consulting service to be performed starting in February. The owner, Declan Wilson, withdrew $1,100 from the business. Journalize the transactions of Amazing Sales Consultants. Include an explanation with each journal entry. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Jan 22: Amazing Sales Consultants performed services for customers on account, $7,500. Date Jan. 22 Accounts and Explanatio n 0 0 0 0 0 Debit Credit Jan 30: Amazing Sales Consultants received cash on account from customers, $7,000. Date Jan. 30 Accounts and Explanatio n 0 0 0 0 0 Debit Credit Jan 31: Amazing Sales Consultants received a utility bill, $200, which will be paid during February Date Jan. 31 Accounts and Explanatio n 0 0 0 0 0 Debit Credit Jan 31: Amazing Sales Consultants paid monthly salary to salesman, $2,000. Date Accounts and Explanatio n Debit Credit Jan. 31 0 0 0 0 0 Jan 31: Amazing Sales Consultants received $ 1 comma 350$1,350 for three months of consulting service to be performed starting in February Date Jan. 31 Accounts and Explanatio n 0 0 0 0 0 Debit Credit Jan 31: Amazing Sales Consultants' owner, Declan Wilson, withdrew $1 comma 1001,100 from the business. Date Jan. 31 Accounts and Explanatio n 0 0 0 0 0 Debit Credit Question4 he T-accounts of Markis Farm Equipment Repair follow as of May 31, 2016. (Click the icon to view the T-accounts.) Prepare Markis Farm Equipment Repair's trial balance as of May 31, 2016. Markis Farm Equipment Repair Trial Balance May 31 2016 Account Title 0 0 0 0 0 0 0 0 0 0 0 0 0 Total Balance Debit Credit Question5 he trial balance as of July 31, 2017, for Sarah Silk, Registered Dietician, is presented below: (Click the icon to view the trial balance.) Sarah Silk, Registered Dietician Trial Balance 31-Jul17 Balance Account Title Debit Credit Cash Accounts Receivable Office Supplies Prepaid Insurance Equipment Accounts Payable Unearned Revenue Notes Payable Silk, Capital Silk, Withdrawals Service Revenue Salaries Expense Rent Expense Utilities Expense Total $30,00 0 9,700 2,200 2,700 20,000 $3,400 5,192 25,000 26,000 2,500 9,858 1,300 800 250 $69,45 0 $69,45 0 Read the requirements 1. Prepare the income statement for the month ended July 31, 2017. 2. Prepare the statement of owner's equity for the month ended July 31, 2017. The beginning balance of capital was $0 and the owner contributed $26,000 during the month. 3. Prepare the balance sheet as of July 31, 2017. 4. Calculate the debt ratio as of July 31, 2017. Requirement 1. Prepare the income statement for the month ended July 31, 2017. (If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.) Sarah Silk, Registered Dietician Income Statement Month Ended July 31, 2017 0 0 0 0 0 0 0 0 Net Income Requirement 2. Prepare the statement of owner's equity for the month ended July 31, 2017. The beginning balance of capital was $0 and the owner contributed $26,000 during the month. (Complete all answer boxes. Enter a "0" for any zero balances. Use a minus sign or parentheses to show a decrease in capital.) Sarah Silk, Registered Dietician Statement of Owner's Equity Month Ended July 31, 2017 Silk, Capital, July 1, 2017 0 0 0 Silk, Capital, July 31, 2017 Requirement 3. Prepare the balance sheet as of July 31, 2017. (If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.) Sarah Silk, Registered Dietician Balance Sheet 31-Jul-17 Assets 0 0 0 0 0 Liabilities 0 0 0 0 Owner's Equity 0 0 0 0 Requirement 4. Calculate the debt ratio as of July 31, 2017. Select the debt ratio formula on the first line and then calculate the ratio. 0 / / 0 = = Debt ratio % Question6 Raymond Autobody Shop has the following accounts: (Click the icon to view the accounts.) Accounts Payable Service Revenue Cash Equipment Utilities Expense Raymond, Capital Automotive Supplies Advertising Expense Raymond, Withdrawals Unearned Revenue Create a chart of accounts for Raymond Autobody Shop using the standard numbering system. Each account is separated by a factor of 10. For example, the first asset account will be 100 and the next asset account will 110. (Use the first available line under each section, Asset, Liabilities, etc., when selecting the accounts. If a box is not used, leave the box empty; do not select any labels.) Balance Sheet Accounts Assets 0 0 0 0 0 0 Liabilities Equity 0 0 0 0 0 0 0 0 0 Income Statement Accounts (Part of Equity) Revenues Expense s 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Question7 Accounts Payable 2-May 8,000 22-May 11,000 15,000 1-May 500 5-May 6,500 15-May 250 23-May Calculate the Accounts Payable balance. (Enter the balanace, along with a "Bal." reference on the correct side of the T-account.) Accounts Payable 2-May 8,000 22-May 11,000 0 Question8 15,000 500 6,500 250 1-May 5-May 15-May 23-May 0 Consider the following accounts: (Click the icon to view the accounts.) a. b. c. d. e. f. g. h. i. j. Interest Revenue Accounts Payable Curtis, Capital Office Supplies Advertising Expense Unearned Revenue Prepaid Rent Utilities Expense Curtis, Withdrawals Service Revenue Requirements 1. Identify each account as an asset (A), liability (L), or equity (E). 2. Identify whether the account is increased with a debit (DR) or credit (CR). 3. Identify whether the normal balance is a debit (DR) or credit (CR). a. b. c. d. e. f. g. h. i. j. Interest Revenue Accounts Payable Curtis, Capital Office Supplies Advertising Expense Unearned Revenue Prepaid Rent Utilities Expense Curtis, Withdrawals Service Revenue Requirement 2. Increases with a debit (DR) or credit (CR)? 0 Requirement 1. Asset (A), Liability (L), or Equity (E)? 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Requirement 3. Normal balance is a debit (DR) or credit (CR)? 0 0 0 0 0 0 0 0 0 0 Question9 In December 2016, the first five transactions of Amers' Automotive Company have been posted to the Taccounts. Prepare the journal entries that served as the sources for the five transactions. Include an explanation for each entry. (Click the icon to view the T-accounts.) Accounts Payable Notes Payable 1,100 -2 Amers, Capita 42,000 -4 Prepare each transaction in order according to the reference number shown in the accounts provided. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) (1) Accounts and Explanatio n 0 Debit Credit 0 0 0 0 Debit Credit (2) Accounts and Explanatio n 0 0 0 0 0 Debit Credit (3) Accounts and Explanatio n 0 0 0 0 0 Debit Credit (4) Accounts and Explanatio n 0 0 0 0 0 Accounts and Explanatio n 0 0 0 Debit Credit (5) 0 0 Question10 Young practices medicine under the business title Victor Young, M.D.Victor Young, M.D. During July, the medical practice completed the following transactions: (Click the icon to view the transactions.) 1 Young contributed $69,000 cash to the business in exchange for capital. 5 Paid monthly rent on medical equipment, $560. 9 Paid $19,000 cash to purchase land to be used in operations. 10 Purchased office supplies on account, $2,000. 19 Borrowed $28,000 from the bank for business use. 22 Paid $1,600 on account. 28 The business received a bill for advertising in the daily newspaper to be paid in August, $240. 31 Revenues earned during the month included $7,000 cash and $5,800 on account. 31 Paid employees' salaries $2,100, office rent $1,200, and utilities $400. Record as a compound entry. 31 The business received $1,050 for medical screening services to be performed next month. 31 Young withdrew cash of $6,700. The business uses the following accounts: Cash; Accounts Receivable; Office Supplies; Land; Accounts Payable; Advertising Payable; Unearned Revenue; Notes Payable; Young, Capital; Young, Withdrawals; Service Revenue; Salaries Expense; Rent Expense; Utilities Expense; and Advertising Expense. Read the requirements 1. Journalize each transaction. Explanations are not required. 2. Post the journal entries to the T-accounts, using transaction dates as posting references in the ledger accounts. Label the balance of each account Bal. 3. Prepare the trial balance of Victor Young comma M.D.Victor Young, M.D., as of July 31, 2017. Requirement 1. Journalize each transaction. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.) July 1: Young contributed $69,000 cash to the business in exchange for capital. Date Jul. 1 Account s 0 Debit Credit 0 0 0 July 5: Paid monthly rent on medical equipment, $560. Date Jul. 5 Account s 0 0 0 0 Debit Credit July 9: Paid $19,000 cash to purchase land to be used in operations. Date Jul. 9 Account s 0 0 0 0 Debit Credit July 10: Purchased office supplies on account, $2,000. Date Jul. 10 Account s 0 0 0 0 Debit Credit July 19: Borrowed $28,000 from the bank for business use. Date Jul. 19 Account s 0 0 0 0 Debit Credit Account s Debit Credit July 22: Paid $1,600 on account. Date Jul. 22 0 0 0 0 July 28: The business received a bill for advertising in the daily newspaper to be paid in August, $240. Date Jul. 28 Account s 0 0 0 0 Debit Credit July 31 (a): Revenues earned during the month included $7,000 cash and $5,800 on account. Record as a compound entry. Date Jul. 31 Account s 0 0 0 0 Debit Credit July 31 (b): Paid employees' salaries $2,100, office rent $1,200, and utilities $400. Record these entries as a compound entry. Date Jul. 31 Account s 0 0 0 0 Debit Credit July 31 (c): The business received $1,050 for medical screening services to be performed next month. Date Jul. 31 Account s 0 0 0 0 July 31 (d): Young withdrew cash of $6,700. Debit Credit Date Account s 0 0 0 0 Jul. 31 Debit Credit Requirement 2. Post the transactions to the T-accounts, using transaction dates as posting references in the ledger accounts. Label the balance of each account Bal. (Identify the July 31 transactions as "a" - 'd" as they are labeled in the journal entry tables.) Cash 0 0 0 0 Accounts Payable 0 0 0 0 0 0 0 0 Accounts Receivable 0 0 0 0 0 Office Supplies 0 0 Land 0 0 0 0 0 Advertising Payable 0 0 Unearned Revenue 0 0 0 Notes Payable 0 0 Young, Capital 0 0 Young, Withdrawals 0 0 0 0 0 0 0 0 Salaries Expen 0 0 0 0 Rent Expense 0 0 0 0 0 0 Utilities Expen 0 0 Advertising Ex 0 0 0 0 0 0 0 0 Requirement 3. Prepare the trial balance of Victor Young comma M.D.Victor Young, M.D., as of July 31, 2017. Victor Young, M.D. Trial Balance 31-Jul17 Account Balance Debit Credit Service Reven 0 0 Title 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Total Question11 Kelley Lunger has trouble keeping her debits and credits equal. During a recent month, Kelley made the following accounting errors: a. In preparing the trial balance, Kelley omitted a $2,000 Notes Payable. The debit to Cash was correct. b. Kelley posted an $800 Utilities Expense as $80. The credit to Cash was correct. c. In recording an $800 payment on account, Kelley debited Equipment instead of Accounts Payable. d. In journalizing a receipt of cash for service revenue, Kelley debited Cash for $90 instead of the correct amount of $900. The credit was correct. e. Kelley recorded a $560 purchase of office supplies on account by debiting Office Supplies and crediting Accounts Payable for $650. Requirements 1. For each of these errors, state whether total debits equal total credits on the trial balance. 2. Identify each account that has an incorrect balance, and the amount and direction of the error (such as "Accounts Receivable $500 too high"). Requirement 1. For each of these errors, state whether total debits equal total credits on the trial balance. For each error determine whether total debits are "Greater than" (>), "Equal to" (=), or "Less than" (