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PLEASE, I need help with these reports whats in the yellow highlight is everything that is incorrect. From two different assignments that tie into each

PLEASE, I need help with these reports whats in the yellow highlight is everything that is incorrect. From two different assignments that tie into each other 3-2 and 5-2 milestones Acc 201 company Accounting workbook templates. image text in transcribed
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following events occurred in March: - March 1: Owner borrowed $125,000 to fund/start the business. The loan term is 5 years. - March 1: Owner paid \$250 to the county for a business license. - March 2: Owner signed lease on office space; paying first (March 20XX) and last month's rer $950 per month. - March 5: Owner contributed office furniture valued at $2,750 and cash in the amount of $15,000 to the business. - March 6: Owner performed service for client in the amount of $650. Customer paid in cash. - March 8: Owner purchased advertising services on account in the amount of $500. - March 10: Owner provided services to client on account, in the amount of \$1,725. - March 15: Owner paid business insurance in the amount of $750. - March 20: The owner received first utility bill in the amount of \$135, due in April. - March 20: Office copier required maintenance; owner paid \$95.00 for copier servicing. - March 22: Owner withdrew $500 cash for personaluse. - March 25: Owner paid \$215 for office supplies. - March 25: Owner provided service to client in the amount of \$350. Client paid at time of servil - March 30: Owner paid balance due for advertising expense purchase on March 8. - March 30: Received payment from customer for March 10 invoice in the amount of \$1,725. - March 31: Last day of pay period; owner owes part-time worker \$275 for the March 16 throug: March 31 pay period. This will be paid on April 5. $125,000.00 WagesPayable$275.00$275.00$$(275.00) A Company Closing Entries Month ending 03/31/20XX \begin{tabular}{|l|c|c|} \hline & & \\ \hline \multicolumn{1}{|c|}{ Accounts } & Debit & Credit \\ \hline & 6,225.00 & \\ \hline Revenue & 6,225.00 & \\ \hline Income summary & & \\ \hline Close revenues & & \\ \hline & 3,951.00 & \\ \hline Income summary & 250.00 & \\ \hline Business license & & \\ \hline Rent Expenses & 500.00 & 1,900.00 \\ \hline Advertising Expenses & 750.00 & \\ \hline Insurance Expense & & \\ \hline Utilities Expenses & 95.00 \\ \hline Maintences & & \\ \hline Wages Expenses & & \\ \hline Depreciation expense & & \\ \hline Close Expenses & & \\ \hline \end{tabular} Home Insert Draw Page Layout. Formulas Data Review View Help PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's 5 Home insert Draw Pagetayout formulas DOA Review Vies ketp \begin{tabular}{|l|r|r|r|} \hline & & & \\ \hline \end{tabular}

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