Please help!

The unadjusted trial balance of the Fast Forward Company as of December 31 is found on the trial balance tab. The following information is required to prepare the necessary adjusting entries for the Fast Forward Company. 1) The balance in Prepaid insurance represents a 24-month policy that went into effect on December 1. Review the unadjusted balance in Prepaid insurance, and prepare the necessary adjusting entry, if any. 2) Based on a physical count, supplies on hand total $8,670. Review the unadjusted balance in Supplies, and prepare the necessary adjusting entry, if any. 3) The equipment is expected to have an 5-year useful life, and be worth about $8,000 at the end of five years. Review the unadjusted balance in Accumulated depreciation, and prepare the necessary adjusting entry to record the monthly depreciation, if any. 4) On December 26, the client paid a $3,000 60-day fee in advance, covering December 27 to February 24. Review the unadjusted balance in Unearned Consulting Revenue, and prepare the necessary adjusting entry, if any. 5) Fast Forward's employee earns $70 per day for a five-day workweek beginning on Monday and ending on Friday. The employee was last paid on Friday, December 26. Review the unadjusted balance in Salaries expense, and prepare the necessary adjusting entry, if any. 6) In the second week of December, Fast Forward agreed to provide 30 days of consulting services to a local fitness club for a fixed fee of $2,700. The terms of the initial agreement call for Fast Forward to provide services from December 12, through January 10, or 30 days of service. The club agrees to pay Fast Forward $2,700 on January 10, when the service period is complete. Review the unadjusted balance in Consulting revenue, and prepare the necessary adjusting entry, if any. Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earnings Balance Sheet Impact on income For transactions 1-6, review the unadjusted balance from the Trial Balance and prepare the adjusting entry necessary to correctly report the revenue earned or the expense incurred. After adjusting the accounts, review the financial statements for accuracy. ............. View transaction list View journal entry worksheet No Date Account Title Debit Credit 1 Dec 31 Insurance expense Prepaid insurance General Ledger Account Cash Supplies Debit No. Debit Credit No. Credit Date Dec 31 Balance 4,275 Date Dec 31 Balance 9,720 Prepaid insurance Equipment Debit No. Debit Credit No. Date Credit Balance Date Dec 31 Balance 2,400 Dec 31 26,000 Unearned consulting revenue Accounts payable Debit Credit No. Date No. Debit Credit Balance 6.200 Date Dec 31 Balance 3,000 Dec 31 Common stock Dividends No. Date Date Debit Credit No. Date Debit Credit Balance 30,000 Balance 200 Consulting revenue Rental revenue No. Debit Credit No. Debit Credit Date Dec 31 Balance 5,800 Date Dec 31 Balance 300 Rent expense Salaries expense Debit Credit No. No. Debit Credit Date Dec 31 Balance 1,400 Date Dec 31 Balance 1,000 Utilities expense No. Date Debit Credit Balance Dec 31 305 Camarall lournal T T-Rance Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earnings Balance Sheet Impact on income You may view either the unadjusted or adjusted trial balance by choosing from the drop-down box below. Your choice will determine the reported values on the financial statement tabs. Adjusted Fast Forward Trial Balance December 31, 2019 Account Title Debit Credit Cash $ 4,275 9,720 2,400 26,000 6,200 3,000 30,000 Supplies Prepaid insurance Equipment Accounts payable Unearned consulting revenue Common stock Dividends Consulting revenue Rental revenue Salaries expense Rent expense Utilities expense 200 5,800 300 1,400 1,000 305 Total $ 45,300 $ 45,300 Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earnings Balance Sheet Impact on income Use the drop-downs to select the accounts properly included on the income statement. The unadjusted or adjusted balances will appear for each account, based on your selection. Adjusted Fast Forward Income Statement For Month ended December 31, 2019 Revenues: $ 0 0 Expenses: 0 0 0 0 0 0 3) The equipment is expected to have an 5-year useful life, and be worth about $8,000 at the end of five years. Review the unadjusted balance in Accumulated depreciation, and prepare the necessary adjusting entry to record the monthly depreciation, if any. 4) On December 26, the client paid a $3,000 60-day fee in advance, covering December 27 to February 24. Review the unadjusted balance in Unearned Consulting Revenue, and prepare the necessary adjusting entry, if any. 5) Fast Forward's employee earns $70 per day for a five-day workweek beginning on Monday and ending on Friday. The employee was last paid on Friday, December 26. Review the unadjusted balance in Salaries expense, and prepare the necessary adjusting entry, if any. 6) In the second week of December, Fast Forward agreed to provide 30 days of consulting services to a local fitness club for a fixed fee of $2,700. The terms of the initial agreement call for Fast Forward to provide services from December 12, through January 10, or 30 days of service. The club agrees to pay Fast Forward $2,700 on January 10, when the service period is complete. Review the unadjusted balance in Consulting revenue, and prepare the necessary adjusting entry, if any. Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earnings Balance Sheet Impact on income The unadjusted or adjusted balances will appear for each account, based on your selection. Adjusted Fast Forward Statement of Retained Earnings For Month ended December 31, 2019 Retained earnings, December 1, 2019 $ Add: Net income Less: Dividends Retained earnings, December 31, 2019 0 (200) Adjusted Fast Forward Balance Sheet December 31, 2019 Assets $ 0 0 0 0 0 0 0 Liabilities $ Oo oo Equity 30,000 0 Total equity 30,000 Total liabilities and equity $ 30,000 Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earnings Balance Sheet Impact on income For each adjustment, indicate the income statement and balance sheet account affected, and the impact on net income. If an adjustment caused net income to decrease, enter the amount as a negative value. Net income before adjustments can be found on the income statement tab. (Hint: Select unadjusted on the dropdown.) Adjusted to: Dec 31 Dates: Dec 31 Account affecting the: Income statement Balance Sheet Impact on net income Adjusting entry related to: Insurance Supplies Depreciation Fees collected in advance Salaries Work performed in advance Total impact on income due to adjustments $ 0