The debit's and credits are not equaling to each other and i can't find out what the ROE is. I know that i missed income taxes payable but it still doesnt equal to each other.

TULUUN luuiuve Surrender at 20 OP.GG MapleSta 3. Prepare a statement of financial position at the end of the reporting year, March 31, 2018. JUAN REAL ESTATE COMPANY Statement of Financial Position As at March 31, 2018 Assets Current Assets: Cash Accounts receivable 49,800 Office supplies inventory 800 $ 63,000 $ 113,600 WA Total current assets Noncurrent assets: Automobiles, al cost Less: Accumulated depreciation Office equipment, at cost Less: Accumulated depreciation Total noncurrent assets Total assets Liabilities Current Liabilities: Accounts payable Salaries and commissions payable Income tax payable 40,000) 15,000 4,000 1,500 25,000 2,500 27.500 141.100 22.750 2.000 12,600 Total current liabilities Long-Term Liabilities: Notes payable $ 37,350 40,000 Total liabilities Shareholders' Equity 77,350 Contributed capital Retained earnings 45,000 18,900 Total shareholders' equity Total liabilities and shareholders' equity 63,900 $ 141,250 ication.com/hm.tpx 4. Compute the net profit margin ratio and the return on equity. (Round the final answers to the nearest whole number) & Answer is complete but not entirely correct. 19 Net profit margin Return on equity 5. Prepare the closing entries at March 31, 2018. (If no entry is required for a transaction/event, select "No journal entry required" In the first account field.) Answer is complete and correct. No Transaction Credit General Journal Sales commissions Management fees Income summary closing revenue account Debit 82,000 18,000 100,000 81,100 Income summary Depreciation expense Income tax expense Interest expense Operating expenses closing expense account 7,500 12,600 3.000 58,000 lo 3 3 18,900 Income summary Retained earnings transfer is to earnings 18,900 MacBook Air I 8 % Answer is not complete. JUAN REAL ESTATE COMPANY Statement of Financial Position As at March 31, 2018 Assets Current Assets: Cash $ 63,000 Accounts receivable eivable 49,800 Office supplies inventory 800 $ 113,600 25,000 40,000 15,000 4,000 1,500 Total current assets Noncurrent assets: Automobiles, at cost Less: Accumulated depreciation Office equipment, at cost Less: Accumulated depreciation Total noncurrent assets Total assets Liabilities Current Liabilities: Accounts payable Salaries and commissions payable 2,500 27,500 141,100 $ 22.750 2,000 : 50 Total current liabilities Long-Term Liabilities: Notes payable 40.000 Total liabilities 64,750 Shareholders' Equity 45,000 Contributed capital Retained earnings 31,350 W Total shareholders' equity Total liabilities and shareholders' equity 76,350 141,100 S MacBook Air F4 6 7 8 Total expenses Earnings before income taxes Income tax expense Net earnings Earnings per share 68,500 31,500 12,600 $ 18,900 $ 0.63 2. Prepare the journal entry to record income taxes for the year (not yet paid)(If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Answer is complete and correct. Transaction Credit No 1 Debit 12,600 General Journal Income tax expense Income tax payable income tax incurred 12,600 MacBook Air LS sool V M command option in.com hm.tpx Assuming a 40 percent tax rate. Required: 1. Prepare a statement of earnings for the reporting year ended March 31, 2018. (Round "Earnings per share" to 2 decimal places.) Answer is complete and correct. JUAN REAL ESTATE COMPANY Statement of Earnings For the Year Ended March 31, 2018 Revenues: Sales commissions $ 82,000 Management fees 18,000 $ 100,000 Total revenues Expenses: Operating (various) Depreciation Interest 58,000 7,500 3,000 O Total expenses Earnings before income taxes Income tax expense Net earnings Earnings per share 68,500 31,500 12,600 $ 18,900 $ 0.63 MacBook Air 30 0 2 / 3 / 3 IwERTY H JK I Juan Real Estate Company (organized as a corporation on April 1, 2013) has completed the accounting cycle for the year, ended March 31, 2018. Juan has also completed a correct trial balance as follows: Credit Debit $ 63,000 49,800 800 40,000 $ 15,000 JUAN REAL ESTATE COMPANY Adjusted Trial Balance At March 31, 2018 Account Titles Cash Accounts receivable Office supplies inventory Automobiles (company cars) Accumulated depreciation, automobiles Office equipment Accumulated depreciation, office equipment Accounts payable Salaries and commissions payable Note payable, long term Contributed capital (30,000 shares) Retained earnings (on April 1, 2017) Dividends declared Sales commissions earned Management fees earned Operating expenses (detail omitted to conserve your time) Depreciation expense (including $1,000 on office equipment) Interest expense 4,000 1,500 22,750 2,000 40,000 45,000 8,850 9,000 82,000 18,000 58,000 7,500 3,000 Totals $235,100 $235,100 Assuming a 40 percent tax rate. Required: 1. Prepare a statement of earnings for the reporting year ended March 31, 2018. (Round "Earnings per MacBook Air 2 / 3 / 4 16 17 18 Q W U