Please help i'm so stuck on adjustment entry 5.

Cash Accounts receivable Allowance for doubtful accounts Supplies Land Buildings Accumulated depreciation-buildings December 31, 2021 $22.600 Accounts payable 41,000 Common stock ($10 par) (1.600) Retained earnings 4,100 36.000 151,800 (23.500) $230.400 $25.600 87.000 117.800 $230,400 1 4. During 2022. the following transactions occurred On January 1, 2022. Cullumber issued 1.200 shares of $40 par, 7% preferred stock for $49.200 2 On January 1.2022. Cullumber also issued 900 shares of the $10 par value common stock for $21,800 3. Cullumber performed services for $348,000 on account. On April 1, 2022. Cullumber collected fees of $34,000 in advance for services to be performed from April 1. 2022, to March 31.2023 5. Cullumber collected $295.400 from customers on account 6. Cullumber bought $32.900 of supplies on account 7. Cullumber paid $34,900 on accounts payable 8. Cullumber reacquired 500 shares of its common stock on June 1, 2022. for $28 per share Paid other operating expenses of $179,300. 10 On December 31, 2022. Cullumber declared the annual preferred stock dividend and a $1.10 per share dividend on the outstanding common stock all payable on January 15,2023 An account receivable of $1.500 which originated in 2021 is written off as uncollectible 9. 11 Adjustment data: 1 2. 3. 4 5. A count of supplies indicates that 55,800 of supplies remain unused at year-end. Recorded revenue from item 4 above. The allowance for doubtful accounts should have a balance of $3.400 at year end Depreciation is recorded on the building on a straight-line basis based on a 30-year life and a salvage value of 510,800. The income tax rate is 30%. (Hint: Prepare the income statement up to income before income taxes and multiply by 30% to compute the amount NO. Account Tities and explanation Det Credit Cash 49200 Pald-in Capital in Excess of Par-Preferred Stock 1200 Preferred Stock 48000 2. Cash 21,800 Common Stock 9000 Pald-in Capital in Excess of Par-Common Stock 12800 3. Accounts Receivable 348,000 Service Revenue 348.000 4. Cash 34.000 Unearned Service Revenue 34.000 5. Cash 295400 Accounts Receivable 295.400 6. Supplies 32.900 Accounts Payable 32.900 7 Accounts Payable 34900 Cash 34.900 8 Treasury Stock 14000 Question 1 of 1 8.06/25 ill 6. Supplies 37.900 Accounts Payable 12.900 7. Accounts Payable 30 Cash 54900 8. Treasury Stock 14000 Cash MODO 9. Other Operating Expenses 1.300 Cash 194300 10 Cash Dividends 130 Dividends Payable 130 Prepare the adjusting entries. (Credit account titles are automatically Indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.) Debit Credit No. Account Titles and Explanation Supplies Expense 31200 Supplies 31200 2 Uneared Service Revenue 25500 Service Revenue 25500 3 Bad Debt Expense 3300 Allowance for Doubtful Accounts Depreciation Experne 4. Accumulated Depreciation Buildings 4700 5. Income Tax Expert 54791 Income Tees Payable e Textbook and Media