I've attached my accounting project sheet. I have been told by my teacher that the balance sheet should total $9,470 which is have come up with on my Total Liabilies side but I cannot figure out what I did wrong on my asset side. The scenario is:

Required:

#1.

Prepare journal entries to record the December transactions in the General Journal Tab in the excel template file "Accounting Cycle Excel Template.xlsx". Use the following accounts as appropriate: Cash, Accounts Receivable, Supplies, Prepaid Insurance, Equipment, Accumulated Depreciation, Accounts Payable, Wages Payable, Common Stock, Retained Earnings, Dividends, Service Revenue, Depreciation Expense, Wages Expense, Supplies Expense, Rent Expense, and Insurance Expense.

1-Dec

Began business by depositing $6500 in a bank account in the name of the company in exchange for

650 shares of $10 per share common stock.

1-Dec

Paid the rent for the current month, $550 .

1-Dec

Paid the premium on a one-year insurance policy, $600 .

1-Dec

Purchased Equipment for $4200 cash.

5-Dec

Purchased office supplies from XYZ Company on account, $300 .

15-Dec

Provided services to customers for $5600 cash.

16-Dec

Provided service to customers ABC Inc. on account, $2800 .

21-Dec

Received $1600 cash from ABC Inc., customer on account.

23-Dec

Paid $170 to XYZ company for supplies purchased on account on December 5 .

28-Dec

Paid wages for the period December 1 through December 28, $4480 .

30-Dec

Declared and paid dividend to stockholders $200

#2. Post all of the December transactions from the General Journal tab to the T-accounts under the T-Accounts tab in the excel template file "Accounting Cycle Excel Template.xlsx". Assume there are no beginning balances in any of the accounts.

#3. Compute the balance for each T-account after all of the entries have been posted. These are the unadjusted balance as of December 31.

#4. Prepare the unadjusted trial balance under the Unadjusted Trial Balance tab in the excel template file "Accounting Cycle Excel Template.xlsx" .

Provide the total of the credit column from the Unadjusted Trial Balance

#5. Record the following four transactions as adjusting entries under the General Journal tab.

31-Dec One months insurance has been used by the company $50.

31-Dec The remaining inventory of unused office supplies is $90.

31-Dec The estimated depreciation on equipment is $70.

31-Dec Wages incurred from December 29 to December 31 but not yet paid or recorded total $480.

Please help?

General Journal Description Date Debit Dec. 1 Dec. 1 cash Common stock ### Dec. 1 Dec. 1 rent expense cash $ 550 Dec. 1 Dec. 1 prepaid insurance cash $ 600 Dec. 1 Dec. 1 Equipment Cash ### Dec. 5 Dec. 5 Supplies Accounts Payable $ 300 Dec. 15 Dec. 15 cash Service Revenue ### Dec. 16 Dec. 16 account receivable service revenue ### Dec. 21 Dec. 21 cash account receivable ### Dec. 23 Dec. 23 accounts payable cash $ 170 Dec. 28 Dec. 28 Wages Expense cash ### Dec. 30 Dec. 30 Dividends cash $ 200 Credit $6,500 $ 550 $ 600 $4,200 $ 300 $5,600 $2,800 $1,600 $ 170 $4,480 $ 200 31-Dec accounts payable 31-Dec insurance expense $ 31-Dec accounts payable 31-Dec supplies expense $ 31-Dec depreciation expense 31-Dec accumulated depreciation $ 50 $ 50 $ 90 $ 70 90 70 31-Dec wages expense 31-Dec wages payable $ 480 $ 480 1-Dec $ 15-Dec $ 21-Dec $ $ Cash 6,500 $ 5,600 $ 1,600 $ $ $ $ 550 600 4,200 170 4,480 200 3,500 Account Receivables 16-Dec $ 2,800 5-Dec $ Supplies 300 1-Dec 1-Dec 1-Dec 23-Dec 28-Dec 30-Dec Accounts Payable 23-Dec $ 170 $ 300 31-Dec $ 50 31-Dec $ 90 $ 5-Dec Common Stock $ 6,500 1-Dec Retained Earnings $ 1,600 21-Dec Service Revenue $ 5,600 $ 2,800 15-Dec 16-Dec 10 Wages Payable $ 480 31-Dec $ 8,400 Prepaid Insurance 1-Dec $ 600 1-Dec $ Equipment 4,200 dwc 1 Rent Expense $ 550 Wages Expense 28-Dec $ 4,480 31-Dec $ 480 $ Accumulated Depreciation $ 70 31-Dec 4,960 Insurance Expense $ 50 31-Dec Supplies Expense $ 90 31-Dec Depreciation Expense 31-Dec $ 70 30-Dec $ Dividends 200 Unadjusted Trial Balance Accounts Cash Accounts Receivables Supplies Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Wages Payable Common Stock Retained Earnings Dividends Service Revenue Rent Expense Wages Expense Insurance Expense Supplies Expense Depreciation Expense Totals Debit $ $ $ $ $ $ $ $ $ $ $ $ Credit 3,500 2,800 300 600 4,200 $ $ $ $ $ 130 6,500 1,600 $ 8,400 550 4,480 16,630 $ 16,630 200 Adjusted Trial Balance Cash Accounts Receivables Supplies Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Wages Payable Common Stock Retained Earnings Dividends Service Revenue Rent Expense Wages Expense Insurance Expense Supplies Expense Depreciation Expense Totals Debit Credit $ 3,500 $ 2,800 $ 300 $ 600 $ 4,200 $ 70 $ 10 $ 480 $ 6,500 $ 1,600 $ 200 $ 8,400 $ 550 $ 4,960 $ 50 $ 90 $ 70 $ 17,190 $ 17,190 Income Statement Statement of Stockholders' Equity For the month Ended December 31, 20XX For the month Ended December 31, 20XX Revenues Service revenue Expenses Rent expense Supplies expense Depreciation expense Insurance expense Wages expense Total Expense Net Income Common Stock $ 8,400 $ $ $ $ $ $ $ 550 90 70 50 4,960 5,720 2,680 Beginning Balance (Dec. 1) issuance of common stock Add: Net Income for the period Less: Divdends Ending Balance (Dec. 31) $ $ 6,500 $ $ $ 6,500 $ Total Stockholders' Equity $ $ 6,500 2,680 $ 2,680 (200) $ (200) 2,480 $ 8,980 Retained Earnings Assets Current Assets: Cash Accounts Receivable Supplies Prepaid Insurance Total Current Assets Long-term assets: Equipment Less: Accum. Depr. Total long-term assets Total Assets Classified Balance Sheet At December 31, 20XX Liabilities $ $ $ $ $ $ $ $ $ 3,500 2,800 300 600 7,200 4,200 (70) 4,130 11,330 Current Liabilities: Account Payable $ Wages Payable $ Total current liabilities: $ 10 480 490 Long-term liabilities: Notes Payable $ Total liabilities $ 490 Stockholders' Equity Common Stock $ Retained earnings $ Total stockholders' equity $ 6,500 2,480 8,980 Total liabilities and stockholders' equity 9,470 $ s/b 9470