N is incorrect, take that into calculation please. Solve only $7,8,$ and $9.$ Thank you.

Additional information for adjusting journal entries:

K A count of supplies at the close of business on January $31$ reveals that $$1200$ are still on hand.

L Determined that the required balance in the Allowance for Uncollectible Accounts should be $$580.$

M Depreciation for the equipment was $$100.$

$N$ Interest has accrued on the note, but will not be received until later. Wrong clcount

O One month of insurance has expired.

Interest expense

Interest payoble

PART $1$ Due hardcopy no later than Tuesday, April $2.$ Emailed projects will not be accepted. INCLUDE PROJECT INSTRUCTIONS AND RUBRIC

$1$ Prepare the monthly journal entries for transactions A$-$J$.$

$2$ Post the monthly journal entries to the general ledger $(t-$accounts$).$ If you do not already have a $t$ account, create a new one.

$3$ Using the t$-$account balances, prepare an unadjusted trial balance.

$4$ Prepare the adjusting journal entries for transactions K$-$O$.$

$5$ Post the adjusting journal entries to the general ledger $(t-$accounts$).$ If you do not already have a $t$ account, create a new one.

$6$ Using the $t-$account balances, prepare an adjusted trial balance.

FINAL SUBMISSION Due hardcopy no later than Tuesday, April $16.$ Emailed projects will not be accepted.

Turn in Corrected PART $1$ WITH GRADED RUBRIC plus the following:

Prepare an income statement $($single step$),$ statement of retained earnings, and balance sheet $($not

$7$ classified$)$ for the month.

$8$ Prepare the three closing journal entries $($Do not use Income Summary$).$

$9$ Post the closing journal entries to the general ledger $(t-$accounts$).$ If you do not already have a t$-$account, create a new one.

$10$ Using the t$-$account balances, prepare a post$-$closing trial balance.

Hint: You should start with the following t$-$accounts:

$\frac{\text{I}\text{n}\text{t}\text{e}\text{r}\text{e}\text{s}\text{t}\text{e}\text{x}\text{p}\text{e}\text{n}\text{s}\text{e}}{10}$