just need the part in the first picture. I have the rest of the information complete. just wanted to give all of the information I had

AT&To 3 0 6 :44 AM + Expert Q&A + Additional Information needed for adjusting entries at January 31st: Record depreciation expense using the straight line depreciation method for the month of January using the following useful lives (no residual value is anticipated): a. Musical Instruments 10 years b. Computer 4 years c. Furniture 5 years The cost of supplies on hand at January 31st was $95. The music teacher has worked 4.5 hours since January 24th that he hasn't been paid. These wages will not be paid until next pay day. Electricity bill received but unpaid at January 31st, totaled $196. Additional adjustments are required for the rent and insurance expired during the month of January AT&To 3 0 6 :45 AM + Expert Q&A + Kellers Music was organized in January of 2017. The company offers music lessons to people of all ages and skill level. The company charges an annual $50 registration fee and $100 monthly due per student for music lessons. You have been hired by the company to install and maintain the company's accounting system. The owner of Kellers Music would like see the following statements at the end of each month: Income Statement Balance Sheet Retained Earnings Statement The following transactions occurred during the month of January Jan. 1 Kellers Music is organized as a corporation and sells $50,000 of capital stock to its owners. 1 Paid the annual insurance premium of $1,824. (Hint: Prepaids are recorded as an asset until the resource has been used up.) 1 Rented a building for $1,250 per month and paid the first three month's rent in advance. 1 Paid $17,340 for the purchase, delivery, and installation of the following: Musical Instruments .......... $12,000 Computer .. $1,440 Furniture ...................$3,900 2 Received cash of $1,650 for signing up 11 studente The $165n included 55 rollerter AT&To 3 0 6 :45 AM + + Expert Q&A Musical instruments .......... $12,000 Computer .. $1,440 Furniture.... $3,900 2 Received cash of $1,650 for signing up 11 students. The $1,650 included $550 collected for the annual registration fee and $1,100 for the monthly dues for lessons. 3 Paid $220 for fliers to be distributed this week to local schools. 5 Purchased supplies (business cards, ink, paper, pencils, etc...) on account, $225. 5 Purchased snacks on account for grand opening event for $145 (advertising expense). 9 Received cash of $1,250 for signing up 10 additional students. The $1,250 included $500 collected for the annual registration fee and $750 for the prorated monthly dues for lessons. 10 Hired a music teacher to help out in the evenings at $20/hour. (Hint: No entry required.) Signed up 7 additional students for $700. The $700 included $350 collected for the annual registration fee and $350 for prorated monthly dues for lessons. 24 Paid the music teacher hired on January 10th for 9 hours. 26 Signed up 10 additional students which paid an annual registration fee of $50/student and $100/monthly dues. These students will not begin music lessons until next month, but each AT& 0 6 :45 AM + Expert Q&A + 5 Purchasea snacks on account for grana opening event for $145 (advertising expense). 9 Received cash of $1,250 for signing up 10 additional students. The $1,250 included $500 collected for the annual registration fee and $750 for the prorated monthly dues for lessons. 10 Hired a music teacher to help out in the evenings at $20/hour. (Hint: No entry required.) Signed up 7 additional students for $700. The $700 included $350 collected for the annual registration fee and $350 for prorated monthly dues for lessons. 24 Paid the music teacher hired on January 10th for 9 hours. 26 Signed up 10 additional students which paid an annual registration fee of $50/student and $100/monthly dues. These students will not begin music lessons until next month, but each student paid for February lessons in advance. (Hint: The amount collected for the annual registration fee is earned in January as that is when the registration took place in January. The amount collected for lessons is recorded as unearned revenue since the service will not be provided until February) 31 The owner/manager is a musician giving lessons (employee of company) and takes a salary of $2,500 for first month AT& 0 6 :46 AM + Expert Q&A + Income Statement Particulars $ $ Registration Fees 1900 =550+500 Monthly Fees 2200 4100 = 1100+75 Expenses: Rent Expense 1250 =1250*1 Advertisement Expense 365 =220+145 Salary Expense 2680 4295 =(9*20)+2 Net Income/(Loss) -195 Balance Sheet Assets $ $ Non-Current Assets: Musical Instruments 12000 Computer 1440 Furniture 3900 17340 Current Assets: Cash 29141 =50000-182 Prepaid Insurance 1824 Prepaid Rent 2500 =1250*2 Supplies 225 33690 Total 51030 $ $ Equity & Liabilities Equity: Common Stock 0 50000 LE G AL ANDA 0 0 AT& 02. 6:46 AM + Expert Q&A 0 + Tasuar mirumCS TZUOC Computer 1440 Furniture 3900 17340 Current Assets: Cash 29141 =50000-182 Prepaid Insurance 1824 Prepaid Rent 2500 =1250+2 Supplies 225 33690 Total 51030 $ $ Equity & Liabilities Equity: Common Stock Retained Earnings 50000 -195 49805 Liabilities: Accounts Payable 225 Unearned Revenue 1000 1225 Total 51030 Retained Earnings Statement Particulars Opening Balance Net Income for the month -195 Closing Balance -195 Was this answer helpful? 3000