Kindly help me answer this accounting please. Thank you

You learn that the company has one revenue account called Sales Revenue and one expense account called Expenses. You proceed to prepare a brief memo to the company's accountant requesting information that Required Using the elements of critical thinking described on the inside front cover, respond to the following CHAPTER 2 Analyzing and Recording Transactions needed to help you analyze the situation. 1. What are the main problems you need to address in your memo to the company's accountant? 2. What are your goals as division manager in addressing your main concerns? 2. What principles need to be considered in order to improve the reporting at Prairie Insurance? 4. What are the key facts you need to consider in improving the reporting at Prairie Insurance? 5. What will you do about your concerns to improve the reporting at Prairie Insurance? CUMULATIVE COMPREHENSION PROBLEM: ECHO SYSTEMS (This comprehensive problem starts in this chapter and continues in Chapters 3, 4 and 5. Because of its lengok this problem is most easily solved if you use the Working Papers that accompany this text.) On October 1, 2020, Mary Graham organized a computer service company called Echo Systems. Echo is organ ized as a sole proprietorship and will provide consulting services, computer system installations, and custom program development. Graham has adopted the calendar year for reporting and expects to prepare the com pany's first set of financial statements as of December 31, 2020. The initial chart of accounts for the account- ing system includes these items: Account Name Cash Account Number 301 302 Account Number 101 106 126 128 131 163 Accounts Receivable Computer Supplies Prepaid Insurance Prepaid Rent Office Equipment Computer Equipment Accounts Payable 623 655 675 Account Name Mary Graham, Capital Mary Graham, Witowals Computer Services Revenue Wages Expense Advertising Expense Mileage Expense Repairs Expense. Computer Charitable Donations Expense 167 201 699 Part A: CHECK FIGURES: 4. Total Dr. - $159,450. Profit = $8,920: Total assets - $145720 Required 1. Set up balance column accounts based on the chart of accounts provided. h. Prepare journal entries to record each of the following October transactions 3. It the October entries. 4. trial balance at October 31, 2020, 5. restoran income statement and a statement of changes in equity for the month ended October 31, 2020. as it is a balance sheet at October 31, 2020. Best purchased the Working Paper package, the working Paper ute Send Feste e molte se Connect CHAPTER 2 Analyzing and Recording Transactions Oct. 1 2 3 5 6 8 10 12 15 17 20 22 28 31 31 Graham Invested $90,000 cash, a $36,000 computer system, and $18,000 of office equipment in the business. Paid rent in advance of $9.000. Purchased computer supplies on credit for $2,640 from Abbott Office Products. Paid $4,320 cash for one year's premium on a property and liability insurance policy. Billed Capital Leasing $6,600 for Installing a new computer. Paid for the computer supplies purchased from Abbott Office Products. Hired Carty Smith as a part-time assistant for $200 per day, as needed. Billed Capital Leasing another $2,400 for computer services rendered. Received $6,600 from Capital Leasing on its account Paid $1,410 to repair computer equipment damaged when moving into the new office. Paid $3.720 for an advertisement in the local newspaper Received $2,400 from Capital Leasing on its account. Billed Decker Company $6,450 for services. Paid Carly Smith for seven days' work. Withdrew $7,200 cash from the business for personal use. Part B: CHECK FIGURES: 8. Total Dr. = $184,950; 9. Profit = $27.920: Total assets = $161120 Required 6. Prepare journal entries to record each of the following November transactions. 7. Post the November entries. 8. Prepare a trial balance at November 30, 2020. 9. Prepare an itowe statement and a statement of changes in equity for the two months ended November 30, 2020, us voll as a balance sheet at November 30, 2020. Nov. 1 2 5 8 13 18 22 24 25 28 30 30 Rambused Graham's business automobile expense for 1,000 kilometres at $1.00 per kilometre. Received $9,300 cash from Elite Corporation for computer services rendered. Purchased $1,920 of computer supplies for cash from Abbott Office Products. Billed Fostek Co $8,700 for computer services rendered. Notified by Alamo Engineering Co. that Echo's bid of $7,500 for an upcoming project was accepted. Received $3,750 from Decker Company against the bill dated October 28. Donated $1,500 to the United Way in the company's name. Completed work for Alamo Engineering Co. and sent a bill for $7,500 Sent another bill to Decker Company for the past due amount of $2,700. Reimbursed Graham's business automobile expense for 1.200 kilometres at $1.00 per kilometre. Paid Carly Smith for 14 days' work. Withdrew $3,600 cash from the business for personal use