i posted this question once and found it available and it had 2 different answers for specific parts but lart 3/c had different answers. can someone please solve it all. much appreciated, thanks

given #s 1,3,5 (a,c,e) please solve #s 2,6,7 (b,f,g)

i only need 3 parts from this question, 4 of those parts were already solved on chegg, and those 3 parts have also been solved previously but with a different number ratio. i would like it according to the numbers of the previously answered questions. (question available in picture and also the previous answers accordingly)

Afia Agency was founded in January 2017. Presented below is the trial balance as of March 31, 2020, the end of the company's fiscal year. Afia Agency Trial Balance March 31, 2020 Debit Credit Cash $135,000 97,500 $ 2,300 38,700 34,700 26,500 65,000 12,000 Accounts Receivable Allowance for Doubtful Accounts Notes Receivable Art Supplies Prepaid Rent Printing Equipment Accumulated Depreciation - Printing Equipment Building Accumulated Depreciation - Building Notes Payable Accounts Payable Uneamed Advertising Revenue Share Capital - Ordinary Retained Earnings 160,000 33,000 30,800 28,500 34,800 300,000 39,500 Dividends 22,200 Advertising Revenue 278,750 Salaries Expense 114,300 Utilities Expense Insurance Expense Miscellaneous Expense 22,600 16,750 26,400 $759,650 Totals $75,650 Instructions 1- Prepare the adjusting entries for these accounts: - Art supplies (Supplies expense) - Accumulated Depreciation - Printing Equipment - Accumulated Depreciation - Building - Allowance for doubtful Accounts (Bad debt expense) - Notes receivable (Interest revenue) - Notes payable (Interest expense) - Salaries expense - Rent Expense - Uneared Advertising Revenue You need to set your own assumptions in order to adjust the accounts. Those assumptions should be in consistency with your trial balance. Example The trial balance is showing the following balance for Art Supplies": Cr Art Supplies 34,700 Your assumption could be formulated as follows: 1- Art Supplies: An Inventory count at the end of the year reveals that $4,700 of supplies are still on hand. So the cost of supplies used = 34,700-4,700=30,000 Adjusting entry for supplies: Dr: Supplies Expense 30,000 Cr: Art Supplies 30,000 You need to do same for the other adjustments. You can follow the textbook pp 106-117. 2. Post the adjusting entries to the ledger 3. Prepare an adjusted trial balance 4- Prepare the worksheet 5- Prepare financial statements: Income statement, retained earnings statement and statement of financial position 6- Joumalize and post the closing entries 7. Prepare a post-closing trial balance a) Assuption Made for Adjusting lounal Entries 1) Art Supplies on is hand is 54,700 # 18 54,700 2) Depreciation expense on Building is $11,000 and Printing equipment is 54.000 3) Allowane for Doubtfule Account for the year is $7,300 4) Interest on Notes Receivable is accrued is $1700. votes Receivable is accrued is $1700. pavable is accrued $ 1.500. 5) Interest on Note payable is accrued $1,500 6) Salaries unpaid is $10,700. 7) Rent expired is $6.500. B) Service provided with respect of unearned revenue is $14.00 d with respect of unearned revenue ie 514,00 Account Tittle Credit Supplies Expense 4,700 Art Supplies Depreciation Expense 15,000 Accum. Depreciation Building 11.000 Accum. Depreciation.P.Equipment 4,000 Bad Debt Expense 7,300 Allowance for doubtful accounts A EEEE 1 1 AaBbccdee AaBbccdee AaBbCcDc AaBbceDdEt A No Spacing Heading 1 Heading 2 Normal Allowance for doubtful accounts Interest Receivable Interest Revenue Interest Revenue 1.300 Salaries Expense Salaries Payable Rent Expens Prepaid Rent Uneamed Advertising Revene 14 RDO Advertising Revenue $ 14,800 2 1 - - - Ava Aa Bb CcDdEe Normal AaBbccdee No Spacing AaBbCcDc AaBbCcDdEt Heading 1 Heading 2 A 11 12 13 14 15 16 17 Adjusted Trial Balance Credit For the month ended March 31, 2020 Account Tittle Cash Account Receivable Allowance for Doubtful Accounts Notes Receivable Art Supplies Interest Receivable Debit S 135,000 S 97.500 S 10,000 38,700 $ 4,700 $ 1,700 Prepaid Rent $ 20,000 Printing Equipment $ 65,000 Accumulated Depreciation Printing $ 16,000 Building $ 160,000 Accumulated Depreciation-Building $44,000 Note Payable $ 30,800 Account Payable $ 28,500 Salaries Payable $ 10,700 Interest Payable $ 1,500 Unearned Advertising Revenue $ 20,000 Share Capital, Ordinary $ 300,000 Retained Earnings $ 39,500 Dividend $ 22,200 Focus Document11 Layout nces Mailings Review View Table Design A EX 1 AaBbccdee AaBbcode AaBbccDc ABCDE Aa Normal No Spacing Heading 1 Heading 2 Dividend $ 22,200 Advertising Revenue Interest Revenue Salaries Expense $ 125.000 Utilities Expense $22500 Insurance Expense $ 16,750 Miscellaneous Expense $ 26.400 Supplies Expense $ 30.000 Depreciation Expense $ 15,000 Interest Expense 1,500 Rent Expense $ 6.500 Bad Debt Expense $ 7.700 $ 796,250 $ 796,250 Focus J View U DUS Layout A EEEE EESE O Aalbede Aabedte AaBbCcDc AabCcDdEt AaBb No Spacing Heading Heading Title 11 12 13 15 16 17 1 Afla Agency Income Statement For the Year Ended March 31, 2020 Advertising Revenue $ 293,550 Operating Expense: Salaries Expense $ 125.000 Utilities Expense 22,600 Insurance Expense 16.750 Miscellaneous Expense $ 26,400 Supplies Expense $ 30,000 Depreciation Expense 15,000 Rent Expense 6,500 Bad Debt Expense 7.700 Total Operating Expense $ 249.950 Net Operating Income $ 43,600 Other Income and Expense Interest Revenue $ 1.700 Less: Interest Expense $ 1.500 $ 200 Net Income $43.800 Focus Afia Agency Statement of Retained Earnings For the Year Ended March 31, 2020 Retained Earnings: Ber Balance $ 39,500 Net Income $ 43,800 Less: Dividend $ 22200 Ending Balance $ 61.100 Afla Agency Statement of Financial Position For the Year Ended March 31, 2020 Cash $ 135,000 Account Receivable $ 97 500 Allowance for Doubtful Accounts $ 10,000 Focus Mallings Review View Table Design Layout 3 1 * 211 Aalbcdie AalbCode AaBbCcDc AaBbceDdEt No Spacing Heading Heading 2 Statement of Financial Position For the Year Ended March 31, 2020 Y Assets Cash $ 135,000 Account Receivable $ 97,500 s 10,000 Allowance for Doubtful Accounts Notes Receivable $ 38,700 Art Supplies s 4,700 Interest Receivable $ 1,700 Prepaid Rent $ 20,000 Printing Equipment 65,000 $ 16,000 Accumulated Depreciation Printing Building $ 160,000 Accumulated Depreciation Building 44,000 Total Assets $452.600 Liabilities and Shareholders' Equity Liabilities Note Payable 30.800 Account Payable 28,500 Salaries Payable 10,700 Focus Mailings Review View Table Design Layout * 211 AaBbc5df AaBb CcDdEe AaBbCcDc AaBbCcDdEt No Spacing Heading 1 Heading 2 $ 1,500 Interest Payable $ 20,000 Unearned Advertising Revenue $ 91,500 Total Liabilities Shareholders' Equity Share Capital, Ordinary Irdinary $ 300,000 Retained Earnings $ 61.100 $.361.100 Shareholders' Equity Total Liabilities and shareholders' Equity $452.600 Focus Afia Agency was founded in January 2017. Presented below is the trial balance as of March 31, 2020, the end of the company's fiscal year. Afia Agency Trial Balance March 31, 2020 Debit Credit Cash $135,000 97,500 $ 2,300 38,700 34,700 26,500 65,000 12,000 Accounts Receivable Allowance for Doubtful Accounts Notes Receivable Art Supplies Prepaid Rent Printing Equipment Accumulated Depreciation - Printing Equipment Building Accumulated Depreciation - Building Notes Payable Accounts Payable Uneamed Advertising Revenue Share Capital - Ordinary Retained Earnings 160,000 33,000 30,800 28,500 34,800 300,000 39,500 Dividends 22,200 Advertising Revenue 278,750 Salaries Expense 114,300 Utilities Expense Insurance Expense Miscellaneous Expense 22,600 16,750 26,400 $759,650 Totals $75,650 Instructions 1- Prepare the adjusting entries for these accounts: - Art supplies (Supplies expense) - Accumulated Depreciation - Printing Equipment - Accumulated Depreciation - Building - Allowance for doubtful Accounts (Bad debt expense) - Notes receivable (Interest revenue) - Notes payable (Interest expense) - Salaries expense - Rent Expense - Uneared Advertising Revenue You need to set your own assumptions in order to adjust the accounts. Those assumptions should be in consistency with your trial balance. Example The trial balance is showing the following balance for Art Supplies": Cr Art Supplies 34,700 Your assumption could be formulated as follows: 1- Art Supplies: An Inventory count at the end of the year reveals that $4,700 of supplies are still on hand. So the cost of supplies used = 34,700-4,700=30,000 Adjusting entry for supplies: Dr: Supplies Expense 30,000 Cr: Art Supplies 30,000 You need to do same for the other adjustments. You can follow the textbook pp 106-117. 2. Post the adjusting entries to the ledger 3. Prepare an adjusted trial balance 4- Prepare the worksheet 5- Prepare financial statements: Income statement, retained earnings statement and statement of financial position 6- Joumalize and post the closing entries 7. Prepare a post-closing trial balance a) Assuption Made for Adjusting lounal Entries 1) Art Supplies on is hand is 54,700 # 18 54,700 2) Depreciation expense on Building is $11,000 and Printing equipment is 54.000 3) Allowane for Doubtfule Account for the year is $7,300 4) Interest on Notes Receivable is accrued is $1700. votes Receivable is accrued is $1700. pavable is accrued $ 1.500. 5) Interest on Note payable is accrued $1,500 6) Salaries unpaid is $10,700. 7) Rent expired is $6.500. B) Service provided with respect of unearned revenue is $14.00 d with respect of unearned revenue ie 514,00 Account Tittle Credit Supplies Expense 4,700 Art Supplies Depreciation Expense 15,000 Accum. Depreciation Building 11.000 Accum. Depreciation.P.Equipment 4,000 Bad Debt Expense 7,300 Allowance for doubtful accounts A EEEE 1 1 AaBbccdee AaBbccdee AaBbCcDc AaBbceDdEt A No Spacing Heading 1 Heading 2 Normal Allowance for doubtful accounts Interest Receivable Interest Revenue Interest Revenue 1.300 Salaries Expense Salaries Payable Rent Expens Prepaid Rent Uneamed Advertising Revene 14 RDO Advertising Revenue $ 14,800 2 1 - - - Ava Aa Bb CcDdEe Normal AaBbccdee No Spacing AaBbCcDc AaBbCcDdEt Heading 1 Heading 2 A 11 12 13 14 15 16 17 Adjusted Trial Balance Credit For the month ended March 31, 2020 Account Tittle Cash Account Receivable Allowance for Doubtful Accounts Notes Receivable Art Supplies Interest Receivable Debit S 135,000 S 97.500 S 10,000 38,700 $ 4,700 $ 1,700 Prepaid Rent $ 20,000 Printing Equipment $ 65,000 Accumulated Depreciation Printing $ 16,000 Building $ 160,000 Accumulated Depreciation-Building $44,000 Note Payable $ 30,800 Account Payable $ 28,500 Salaries Payable $ 10,700 Interest Payable $ 1,500 Unearned Advertising Revenue $ 20,000 Share Capital, Ordinary $ 300,000 Retained Earnings $ 39,500 Dividend $ 22,200 Focus Document11 Layout nces Mailings Review View Table Design A EX 1 AaBbccdee AaBbcode AaBbccDc ABCDE Aa Normal No Spacing Heading 1 Heading 2 Dividend $ 22,200 Advertising Revenue Interest Revenue Salaries Expense $ 125.000 Utilities Expense $22500 Insurance Expense $ 16,750 Miscellaneous Expense $ 26.400 Supplies Expense $ 30.000 Depreciation Expense $ 15,000 Interest Expense 1,500 Rent Expense $ 6.500 Bad Debt Expense $ 7.700 $ 796,250 $ 796,250 Focus J View U DUS Layout A EEEE EESE O Aalbede Aabedte AaBbCcDc AabCcDdEt AaBb No Spacing Heading Heading Title 11 12 13 15 16 17 1 Afla Agency Income Statement For the Year Ended March 31, 2020 Advertising Revenue $ 293,550 Operating Expense: Salaries Expense $ 125.000 Utilities Expense 22,600 Insurance Expense 16.750 Miscellaneous Expense $ 26,400 Supplies Expense $ 30,000 Depreciation Expense 15,000 Rent Expense 6,500 Bad Debt Expense 7.700 Total Operating Expense $ 249.950 Net Operating Income $ 43,600 Other Income and Expense Interest Revenue $ 1.700 Less: Interest Expense $ 1.500 $ 200 Net Income $43.800 Focus Afia Agency Statement of Retained Earnings For the Year Ended March 31, 2020 Retained Earnings: Ber Balance $ 39,500 Net Income $ 43,800 Less: Dividend $ 22200 Ending Balance $ 61.100 Afla Agency Statement of Financial Position For the Year Ended March 31, 2020 Cash $ 135,000 Account Receivable $ 97 500 Allowance for Doubtful Accounts $ 10,000 Focus Mallings Review View Table Design Layout 3 1 * 211 Aalbcdie AalbCode AaBbCcDc AaBbceDdEt No Spacing Heading Heading 2 Statement of Financial Position For the Year Ended March 31, 2020 Y Assets Cash $ 135,000 Account Receivable $ 97,500 s 10,000 Allowance for Doubtful Accounts Notes Receivable $ 38,700 Art Supplies s 4,700 Interest Receivable $ 1,700 Prepaid Rent $ 20,000 Printing Equipment 65,000 $ 16,000 Accumulated Depreciation Printing Building $ 160,000 Accumulated Depreciation Building 44,000 Total Assets $452.600 Liabilities and Shareholders' Equity Liabilities Note Payable 30.800 Account Payable 28,500 Salaries Payable 10,700 Focus Mailings Review View Table Design Layout * 211 AaBbc5df AaBb CcDdEe AaBbCcDc AaBbCcDdEt No Spacing Heading 1 Heading 2 $ 1,500 Interest Payable $ 20,000 Unearned Advertising Revenue $ 91,500 Total Liabilities Shareholders' Equity Share Capital, Ordinary Irdinary $ 300,000 Retained Earnings $ 61.100 $.361.100 Shareholders' Equity Total Liabilities and shareholders' Equity $452.600 Focus