Please Help me. I just need September T-accounts, Trial Balances and Income statement. Please see the bold part. I have included the pictures of what I have gotten so far. Please Help. I have posted the same question 3 times and they are answered wrong.

In Chapter 2 In a Set of Financial Statements, What Information Is Conveyed about Receivables?, you prepared Webworks statements for July. They are included here as a starting point for August.

Here are Webworks financial statements as of July 31.

The following events occur during August:

a. Webworks decides to begin selling a limited selection of inventory items related to its business. During August, Webworks purchases specialty keyboards for $4,900 on account and flash drives for $3,200 on account with the hopes of selling them to its Web site customers or others who might be interested. Due to the limited amount of inventory, Webworks will use a periodic system. Record these purchases.

b. Webworks purchases supplies worth $100 on account.

c. Webworks starts and completes six more Web sites and bills clients for $2,700.

d. Recall that in July, Webworks received $500 in advance to design two Web sites. Webworks completes these sites during August.

e. Webworks collects $2,400 in accounts receivable.

f. Webworks pays Nancy $600 for her work during the first three weeks of August.

g. In June, Webworks designed a site for Pauline Smith and billed her. Unfortunately, before she could finish paying the bill, Ms. Smiths business folded. It is unlikely Webworks will collect anything. Record the entry to write off the $100 remaining receivable from Ms. Smith.

h. Webworks sells keyboards for $4,500 and flash drives for $3,000 cash.

i. Webworks pays off its salaries payable from July.

j. Webworks pays off $6,000 of its accounts payable.

k. Webworks receives $100 in advance to work on a Web site for a local dentist. Work will not begin on the Web site until September.

l. Webworks pays Leon salary of $2,000.

m. Webworks pays taxes of $475 in cash.

Required:

A. Prepare journal entries for the above events.

B. Post the journal entries to T-accounts.

C. Prepare an unadjusted trial balance for Webworks for August.

D. Prepare adjusting entries for the following and post them to your T-accounts.

n. Webworks owes Nancy $250 for her work during the last week of August.

o. Leons parents let him know that Webworks owes $250 toward the electricity bill. Webworks will pay them in September.

p. Webworks determines that it has $60 worth of supplies remaining at the end of August.

q. Prepaid rent should be adjusted for Augusts portion.

r. Webworks is continuing to accrue bad debts at 10 percent of accounts receivable.

s. Webworks performs a count of ending inventory and determines that $1,900 in keyboards and $1,100 in flash drives remain. Record cost of goods sold.

E. Prepare an adjusted trial balance.

F. Prepare financial statements for August.

Above, you prepared Webworks statements for August.

The following events occur during September:

a. Webworks purchases supplies worth $120 on account.

b. At the beginning of September, Webworks had 19 keyboards costing $100 each and 110 flash drives costing $10 each. Webworks has decided to use perpetual FIFO to cost its inventory.

c. On account, Webworks purchases thirty keyboards for $105 each and fifty flash drives for $11 each.

d. Webworks starts and completes five more Web sites and bills clients for $3,000.

e. Webworks pays Nancy $500 for her work during the first three weeks of September.

f. Webworks sells 40 keyboards for $6,000 and 120 flash drives for $2,400 cash.

g. Webworks collects $2,500 in accounts receivable.

h. Webworks pays off its salaries payable from August.

i. Webworks pays off $5,500 of its accounts payable.

j. Webworks pays off $5,000 of its outstanding note payable.

k. Webworks pays Leon salary of $2,000.

l. Webworks pays taxes of $795 in cash.

Required:

A. Prepare journal entries for the above events.

B. Post the journal entries to T-accounts.

C. Prepare an unadjusted trial balance for Webworks for September.

D. Prepare adjusting entries for the following and post them to your T-accounts.

m. Webworks owes Nancy $300 for her work during the last week of September.

n. Leons parents let him know that Webworks owes $275 toward the electricity bill. Webworks will pay them in October.

o. Webworks determines that it has $70 worth of supplies remaining at the end of September.

p. Prepaid rent should be adjusted for Septembers portion.

q. Webworks is continuing to accrue bad debts so that the allowance for doubtful accounts is 10 percent of accounts receivable.

E. Prepare an adjusted trial balance.

F. Prepare financial statements for September.

Date Credit Account Name Supplies Inventory Account Payable Debit $ 120.0 a $ 120.0 Purchases $ 3,700.0 Account Payable $ 3,700.0 $ 3,000.0 d Accounts Receivable Service Revenue $ 3,000.0 Salary Expense $ 500.0 e Cash $ 500.0 Cash $ 8,400.0 Sales Revenue $ 8,400.0 Cash $ 2,500.0 g Accounts Receivable $ 2,500.0 Outstanding Salary $ 250.0 h Cash $ 250.0 Accounts Payable $ 5,500.0 i Cash $ 5,500.0 Notes Payable $ 5,000.0 j Cash $ 5,000.0 Salary $ 2,000.0 k Cash $ 2,000.0 Tax Expense $ 795.0 1 Cash $ 795.0 Salary Expense $ 300.0 m Salary Payable $ 300.0 Adjusting Entries Salary Espense $ 300.0 m Salary Payable $ 300.0 Utility Expense $ 275.0 Account Payable $ 275.0 $ 110.0 o Supplies Expense Supply Inventory $ 110.0 Rent Expense $ 200.0 Prepaid Rent $ 200.0 $ 153.0 q Bad Debt Expense Allowance for Doubtful Accounts $ 153.0 Assets Liabilities Owners Equity Retained Earnings Retained Earnings Sales Revenue 2,790 Notes Payable Cost of Goods Sold Cash 6,445 Acct Receivable 1,250 Computer and Equipment 7,000 Accounts Pay 2,690 Owner Capital 2,000 5,000 Total 5,000 Total 1,250 Total 7,000 Total 2,000 Total 2,790 Total Total Total 2,690 Total 6,445 Utilities Exp Allowance 125 Interest Payable Total 125 Total Supplies 60 Service Revenue Mechandise Inventory 3,000 Total 60 Acc. Dep. Equipment Unearned Rey 100 Wages Expense Prepaid Insurance Total 3,000 Total Total 100 Total Bad Debt Expense Wages Payable 250 Supplies Expense Furniture Acc. Dep. Furnitur Total prepaid rent 200 Total 250 Total Total 200 Rent Expense Tax Expense Total Total Webworks Trial balance Unadjusted Trial Balance Debit Credit Adjusted Trial balance Debit Credit Account Title Cash Accounts Receivable Allowance for Doubtful Accounts Supplies Inventory Merchandise Inventory Prepaid Rent Equipment Accounts Payable Wages Payable Unearned Revenue Notes Payable Capital Stock Retained Earnings Service Revenue Sales Revenue Cost of Goods Sold Purchase Wages Expense Rent Expense Utility Expense Supplies Expense Bad Debts Expense Tax Expense Totals $ $ $ $ Webworks Webworks Balance Sheet MONTH Ended September 30 Income Statement MONTH Ended Setember 30 Revenue Service Revenue S 3,000.0 Sales Revenue S 8,400.0 Total Revenue $ 11,400.0 Assets Liabilities S 1,285.00 Cost of Goods Sold Gross Profit $ 5,315.0 $ 6,085.0 Current Cash Acct Receivable Allowance for Doubtful Accounts Merchandise Inventory Supplies Inventory Prepaid Rent Total Current Assets Current $ 3,300.00 Accounts Pay S 1.750.00 Electricity Payable $ (175.00) Wages Payable $ 1,385.00 Uneamed Rev S 70.00 Total Current Liabilities $ 6,330.00 S S 300.00 100.00 $1,685.00 Expenses Wages Expenses S 2,800.0 Rent Expenses Utility Expenses 275.0 Bad Debts Expense Supplies Expenses 50.0 Total Expenses Noncurrent Computer and Equipment Noncurrent $ 7,000.00 Notes Payable $ 5,000.00 $ 3,125.0 3435 Total of Liabilities $ 6,685.00 Income Before Taxes Tax expense $ $ 2,960.0 795.0 Net income $ 2,165.0 Owner's Equity Owner Capital Retained Earnings Total Owner's Equity $ 2,000.00 $ 4,645.00 $ 6,645.00 Webworks Total Assets $ 13,330.00 Total Liabilities and Equity $13,330.00 Retained Earnings Statement MONTH Ended Setember 30 $ 1,855.00 Net Income Retained Earnings, September 1st $ 2,790 Retained Earnings, September 30 $ 4,645.00