I need to check my work on part 2 and part 3 of this assignment. i already have provided correct answers for part 1 (they have yellow boxes in them)

please do not provide part 1 answers- i already have them. i need part 2 and part 3 ONLY. i have provided all of the pictures needed including the correct answers to part 1 to help figure out part 2 and 3.

again- I DO NOT need part 1, do not comment with those answers. i have had to post this question multiple times already because people respond with part 1 answers that i already have. i need part 2 and part 3.

PART 1: Review all the transactions in the next section (Part 1 Transactions). Create a chart of accounts for this business. Prepare the journal entries for all the part 1 transactions (including accruals). Create T accounts for all accounts and add the part 1 transactions (including accruals) Turn in the chart of accounts, joumal entries, and T accounts by the due date, either submitted in the Dropboxin D2L or turned into the instructor during class. Part 1 Transactions: May 1 - Hazel invested $50,000 of her own money in the business in exchange for common stock May 1 - Hazel rented an office space for her business and paid $6,000 in advance for 6 months of rent May 3 - Hazel purchased office supplies to use in the new office space. The supplies cost $975 and were paid for in cash. May 4 - Hazel purchased an advertisement in the local newspaper which also ran online. The ad cost $350 and was purchased on account. May 5 - Hazel purchased a new computer for the office. The computer cost $2,400 and was purchased on account. May 7 - Hazel received $1,000 in advance for services to be completed by the end of the month. - Page 2 O May 12 - Hazel received $500 from a client for services provided. May 15 - Hazel hired an assistant to help her part time in the office. Hazel paid the assistant $850 for 2 weeks of wages. May 16 - Hazel received $2,600 for services provided to clients. May 17 - Hazel paid all the open accounts payable balances (for advertisement and computer) May 20 - Hazel purchased office supplies on account for $714. May 27 - Hazel received and paid the utility bill for May in the amount of $293. May 28 - Hazel received and paid the internet and phone bill for Mayin the amount of $187. May 29 Hazel completed the work for the client who had paid in advance on May 7. May 31 - Hazel received $2,500 for services provided to clients for the second half of May. May 31 - Accruals that need entries for the month of May: The assistant is owed $ 620 for hours worked during the second half of May. Depreciation of S100 needs to be recorded for the month of May. Unbilled services for the month of May total $4,180. One month of prepaid rent expired, Supplies on hand at the end of the month total $1,165 . . . . Expert Q&A Done PART 2: Review all the transactions in the next section (Part 2 Transactions). Prepare the journal entries for all the part 2 transactions (including accruals). Create any new T accounts needed and add the part 2 transactions (including accruals). Prepare an adjusted trial balance for June 30, 2021. Turn in the journal entries, Taccounts, and adjusted trial balance by the due date, either submitted in the Dropboxin D2Lor turned into the instructor during class. Part 2 Transactions: June 1 - Hazel prepaid for insurance for the remaining 7 months of the year. The total premium paid was $1,680. June 1 - Hazel purchased a computer server for the office on account for $2,880, June 3 - Hazel paid $400 for an internet advertisement June 4 - Hazel paid the assistant for the amount due for May wages. O June 8 - Hivel received $7,500 in advance for services to be provided to clients. June 15 - Hazel paid for the supplies purchased on May 20 June 15 - Hazel decided to create a petty cash fund for the office. The amount deposited into the petty cash account was $500 June 16 - Hazel paid her assistant $775 for wages for the first two weeks of June, June 16 - Hazel billed clients a total of $3,683 for services provided during the first half of the month June 17 - Hazel received $500 in partial payment of the amount billed to a clienton May 31. The remaining $3,680 was determined to be uncollectible. Hazel uses the direct write method for uncollectible accounts. June 18 - Hazel pays herself a dividend of $7,500. June 23 - Hazel created a step-by-step manual to sell to her clients. She produced the manual in the office to save on costs. She sells the manuals for $60 each. She sold a total of 5 manuals to date, and the state sales tax is 8%. Sales tax is to be remitted to the proper agencies next month. (Manuals are produced as requested, so there is no inventory to keep track of. Also, as the materials used are minimal and come out of existing office supplies, there is no need to record cost of goods sold.) June 27- Hazel received and paid the utility bill for June in the amount of $312. C) June 28 - Hazel received and paid the internet and phone bill for June in the amount of $187. June 29 - Hazel received $1,950 for services provided to clients. June 29 - Hazel paid half of the open accounts payable balance. June 30-Accruals that need entries for the month of June: The assistant is owed $945 for hours worked during the second half of June. payable balance, June 30-Accruals that need entries for the month of June: The assistant is owed $945 for hours worked during the second half of June. Depreciation of $100 needs to be recorded for the month of June for the computer purchased in May. The computer serveris determined to have a useful life of 4 years, and a residual value of $200. Hazel decided to use the double declining balance method for this equipment. Depreciation needs to be recorded for the one month that it was in service. (Hint: calculate the double-declining balance depreciation for the first year, then determine how much should be recorded for one month.) Unbilled services for the month of June total $1,585. One month of prepaid rent expired. One month of prepaid insurance expired. Supplies on hand at the end of the month total $265. Hazel had completed one half of the services she received prepayment foron June 8. The petty cash balance on June 30this $327. Expenses include postage & shipping, $56; snacks and drinks for office (use supplies expense account), 582; miscellaneous expenses, $35 PART 3: Prepare an income statement, statement of stockholders' equity and balance sheet for the fiscal year end, June 30, 2021. Prepare the year end closing entries. Prepare a post-closing trial balance. Turn in the financial statements, journal entries, Taccounts, and post-closing trial balance by the due date, either submitted in the Dropbox in D2Lorturned into the instructor during class. A B Chart of Accounts Cash Accounts Receivable Prepaid Rent Supplies Computer Accumulated Depreciation Accounts Payable Wages Payable Unearned Service Revenue Common Stock Service Revenue Advertising Expense Wages Expense Utilities Expense Telephone and Internet Expense Depreciation Expense Rent Expense Supplies Expense G Journal Entry Date Accounts and Explanation 1. May cash Common Stock (to record issue and common stock) Debit (5) Credit 151 550.000 $50,000 $6.000 1. May Prepaid rent Cash to record rent paid in advance $5,000 $97 3-May Supplies Cash to record purchase of supplies) $973 $350 4. May Advertising expense Accounts payable to record purchase of advertisement on account $350 $2.400 5-May Computer Accounts Payable (to record purchase of computer on account) $2.400 $1.000 7-May Cash Unearned Service Revenue to record advance receipt for future service $2.000 $300 12 May cash Service Revenue (to record service provided for cash) $500 S850 15 May Wages Expense Cash (to record wages paid for two weeks $850 31 Journal or Date Aerents and explanation 16 May Cash Service revenue to record service provided for Dit is 600 22.000 $2,250 0 17. May Accounts payable Cash to record payment made to AP 52726 20 May Supplies Accounts payable to record purchase of suppliers an account ST $) Journal Entry Date Accounts and explanation 16-May Cash Service revenue (to record service provided for cash) Debit (5) Credit (5) $2,600 $2,600 10 $2,750 17-May Accounts payable Cash (to record payment made to A/P $2,750 $714 20-May Supplies Accounts payable (to record purchase of supplies on account) $714 $293 27. May Utilities expense Cash (to record utility bill paid) $293 $187 28 May Telephone and internet expense Cash (to record payment of phone expenses) $187 $1,000 29 May Unearned service revenue Service revenue (to record service revenue earned) $1,000 $2,500 31 May Cash Service Revenue (to record service provided for cash) $2.500 distina Trio t($) 520 100 Adjusting Trial Balance Accounts Cash Accounts Receivable Prepaid rent Supplies Computer Accumulated Depreciation Accounts Payable Wages payable Unearned service revenue Common stock Service revenue Advertising expense Wages expense Debit ($) Credit ($) $45,545 $4, 180 $5,000 $1,165 $2,400 $100 $714 $620 $0 $50,000 $10,780 $350 $1,470 180 inn D 8 Adjusting lournal Entry Date Accounts and explanation 31. May wages expense Wages payable (to adjust accrued wages expense) Debit () Credit (5) $620 $620 $100 31-May Depreciation expense Accumulated depreciation (to adjust depreciation expense) $100 $4, 180 31-May Accounts receivable Service revenue (to adjust unbilled service revenue) $4,180 $1,000 31-May Rent expense Prepaid rent (to record use of prepaid rent $6000/6 month) $1.000 $524 31 May Supplies expense Supplies (to adjust use of supplies ($975+$714-1165) $524 H (5) 520 100 Adjusting Trial Balance Accounts Cash Accounts Receivable Prepaid rent Supplies Computer Accumulated Depreciation Accounts Payable Wages payable Unearned service revenue Common stock Service revenue Advertising expense Wages expense Debit($) Credit (5) $45,545 $4,180 $5,000 $1,165 $2.400 $100 $714 $620 SO $50,000 S10,780 $350 $1,420 LHO Expert Q&A Done H t($) 520 100 G Adjusting Trial Balance Accounts Cash Accounts Receivable Prepaid rent Supplies Computer Accumulated Depreciation Accounts Payable Wages payable Unearned service revenue Common stock Service revenue Advertising expense Wages expense Utilities expense Telephone and internet expense Depreciation expense Rent expense Supplies expense Total 180 Debit ($) Credit ($) $45,545 $4,180 $5,000 $1,165 $2,400 $100 $714 $620 $0 $50,000 $10,780 $350 $1,470 $293 $187 $100 $1,000 $S24 $62,214 $62,214 100 24 Cash 1-May $50,000 7-Mayl $1,000 12-May $500 16-May $2,600 31-May $2,500 1-May 3-May 15-May 17-May 27-May 28-May $6,000 $975 $850 $2,750 $293 $187 Bal $45,545 Adj. May-31 Bal Accounts Receivable $4,180 $4,180 Prepaid Rent 1-Mayl $6,000 Adj. May 31 $5.000 $1.000 Bal D Cash 1-May $50,000 7-Mayl $1,000 12-May $500 16-May $2,500 31-May $2,500 1.May 3-May 15-May 17-May 27-May 28-May $6,000 $975 $850 $2,750 $293 $187 Bal $45,545 Ad). May-31 Bal Accounts Receivable $4,180 $4,180 Prepaid Rent 1-May $6,000 Adj. May-31 $5,000 $1,000 Bal 3-May 20 May Supplies $975 Adj. May-31 $714 $1,165 $S24 Bal Computer 5-May $2,400 $2,400 Bal Accumulated Depreciation Adj. May 31 Bal $100 $100 Accounts Payable 17-May $2,750 4-May $350 5-May $2,400 20-May $714 Bal $714 Wages Payable Adj. May 31 Bal $620 $620 Unearned Service Revenue 29-May $1,000 7-Mayl $1,000 Bal $0 Common Stock 1-May $50,000 $50,000 Bal Service Revenue 12. May $500 16 May $2,600 29-May $1,000 31-May $2,500 Ady May 31 $4,180 Bal $10,780 Advertising Expense 4-May $350 $350 Bal 15-May Adj May 31 Wages Expense $850 $620 $1,470 Bal 27-May Utilities Expense $293 $293 Bal Telephone and internet Expense 28-May $187 $187 Bal Adi May 31 Bal Depreciation Expense $100 $100 Adj May 31 Bal Rent Expense $1,000 $1,000 Adj May 31 Bal Supplies Expense $524 $524