what am I doing wrong? I can't figure out the net income and they are supposed to equal each other on the income and balance sheet.

B43 B D F G A 1 Name: 2,400 2 Date Account Title 3 7/1/2020 Cash 4 Computer Equipment 5 Common Stock 6 7/2/2020 Rent Expenses 7 Cash 8 7/3/2020 Office Supplies Expense 9 Cash 10 7/5/2020 Cash 11 Consulting Revenue 127/10/2020 Prepaid Insurance 13 Cash 14 7/14/2020 Salaries Expense 15 Cash 16 7/24/2020 Cash 17 Commissions Earned 18 7/28/2020 Salaries Expense 19 Cash 207/29/2020 Repairs Expense 21 Cash 227/30/2020 Telephone Expense 23 Cash 247/30/2020 Dividends 25 Cash RE Debit Credit 101 S 65.000 167 $ 27,000 307 $ 92.000 640 $ 4,500 101 $ 4,500 650 S 101 S 2 400 101 $ 14,150 410 S14,150 128 $ B/330 101 S 3,330 62218 2,200 101 S 2,200 101 $ 17.400 405 S 17.400 622 S 2 200 101 S 2200 684 S 540 101 S 540 688 S 1,900 101 $ 1,900 3195 101 $ 1,500 1,500 General Journal (Instr 1,58210) Ledger Accounts Instr, 26811) Worksheet Instr. 3,4 788) Ready 0 L || OL 2 Name 3 4 Account 5 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet DAWN Cr Dr. Cr Cr. Dr. CL. Cr. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,200 1,350 0 0 0 Dr. 77,980 0 0 3,330 27,000 0 0 ol 0 0 0 0 0 Dr. 77,980 1,200 1,350 3,145 27,000 0 0 2,900 0 Dr. 77,980 1,200 1,350 3,145 27,000 0 0 0 0 185 0 750 780 0 0 0 0 0 0 0 0 0 0 0 0 2,900 0 750 780 2,900 92,000 0 2.900 10 0 0 0 750 780 0 92,000 0 0 21,500 0 0 0 10 0 0 0 0 0 0 92,000 0 0 17,400 0 10 1,500 0 0 6 Cash 7 Accounts Receivable 8 Office Supplies 9 Prepaid Insurance 10 Computer Equipmen 11 Accumulated Depred 12 Salaries Payable 13 Unearned Revenue 14 Common Stock 15 Retained Earnings 16 Dividends 17 Commisions Earned 18 Depreciation Expens 19 Salaries Expense 20 Insurance Expense 21 Rent Expense 22 Office Supplies Exp 23 Repairs Expense 24 Telephone Expense 25 Total 26 Net Income 27 Total 28 29 0 o o 4,100 0 0 750 780 185 0 0 0 1,500 0 0 0 0 0 0 0 0 0 21,500 0 0 0 0 0 0 4,400 0 4,500 2,400 540 1.900 123,550 0 1,500 0 750 5.180 185 4,500 1,050 540 1,900 129,180 10 0 O 0 0 750 5,180 185 4,500 1,050 540 1.900 17.005 0 0 0 0 1,350 0 100 7,165 0 0 0 0 0 7,165 0 0 123,550 O 0 129,180 0 0 21500 112.175 96.430 General Journal (Instr 1.58410) Ledger Accounts ons 2681 Worksheet (instr. 3.4.788) FinStatements Inst Enter 26 185 $ 185 637 $ 128 124 $ 650 1,350 $ 1,350 612||$ 750 S 750 27 28 7/31/2020 Insurance Expense 29 Prepaid Insurance 30 7/31/2020 Office Supplies Office Supplies Expense 32 7/31/2020 Depreciation Expense - Computer Equip. Accumulated Depreciation - Computer Equip. 34 7/31/2020 Salaries Expense Salaries Payable 36 7/31/2020 Accounts Receivable Commissions Earned 38 7/31/2020 Unearned Revenue Commissions Earned 780 168 622] $ 209 106. S 405 09 $ 780 1.200 S 1,200 2.900 $ 2.900 40 42 43 45 5 Editing The following is information concerning the company Instructions are at the end of the case. At the start of the new business the company set up the following chart of accounts: 101 106 124 128 167 168 Cash Accounts Receivable Office Supplies Prepaid Insurance Computer Equipment Accumulated Depreciation Computer Equip. Salaries Payable Common Stock Retained Earnings Dividends 405 410 612 622 637 640 650 684 688 901 Commissions Earned Consulting Revenue Depreciation Expense-Computer Equip Salaries Expense Insurance Expense Rent Expense Office Supplies Expense Repairs Expense Telephone Expense Income Summary 209 307 318 319 You may ADD additional accounts as necessary. Assign an account # based on the account classifications: Assets: 100-199 Liabilities. 200-299 Equity: 300- 399 Revenues. 400-499 Expenses: 600-699 July 1, 2020. John Adams created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. July 1 Adams invested $65.000 cash and computer equipment worth $27,000 in the company in exchange for common stock. 2 The company rented furnished office space by paying $4,500 cash for the first month's (July) rent. 3 The company purchased $2,400 of office supplies for cash and debited the entire amount to an expense account. The company collected $14,150 cash for consulting services to be provided in the next four 5 months. 10 The company paid $3,330 cash for the premium on a 12-month insurance policy. Coverage begins July 1, 2020, John Adams created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. July 1 Adams invested $65,000 cash and computer equipment worth $27,000 in the company in exchange for common stock. 2 The company rented furnished office space by paying $4,500 cash for the first month's (July) rent. 3 company purchased $2,400 of office supplies for cash and debited the entire amount to an expense account. 5 The company collected $14,150 cash for consulting services to be provided in the next four months. 10 The company paid $3,330 cash for the premium on a 12-month insurance policy. Coverage begins on July 11. 14 The company paid $2,200 cash for two weeks' salaries earned by employees. The Case 1 - 17th edition 20/FA 2 24 The company collected $17.400 cash on commissions from airlines on tickets obtained for customers 28 The company paid $2,200 cash for two weeks' salaries earned by employees. 29 The company paid S540 cash for minor repairs to the company's computer. 30 The company paid $1,900 cash for this month's telephone bill. 30 The company paid $1,500 cash for dividends. End of Month Information (use for instructions 4 and 5): a. Two-thirds of one month's insurance coverage has expired. b. At the end of the month, $1,350 of office supplies are still available. One month's depreciation on the computer equipment was recorded. The company uses straight-line method of depreciation, the computer is estimated to have 3 year useful life and no residual value. d. Employees earned $780 of unpaid and unrecorded salaries as of month-end. The company earned $1.200 of commissions that are not yet billed at month-end. f. The company has provided consulting services for $2,900 for customers who have paid in advance (July 5th transaction) e. 8. Complete the income statements and the balance sheet columns of the worksheet: 9. Prepare in good form the income statement, statement of retained earnings and classified balance sheet for the month ending July 31; 10. Journalize the closing entries in the General Journal: 11. Post the closing entries in the ledger accounts