what formula am i supposed to be using for this
Fraser Enter your Stetson ID number here Enter your last name here -- our Company was incorporated on January 1st. The business provides a full range of landscaping services, including andscape design, construction, and maintenance. The following transactions occurred during the first two years of operations: Given Information $ 701,736 154,382 6,842 15,438 30,736 Year 1 1-Jan Issued common stock in exchange for cash 1-Feb Borrowed money from the bank by signing a one-year note, at a rate of 10% 10-Mar Paid for advertisements to be run during the month 1. Apr Paid in advance for a one-year Insurance policy 15-May Purchased supplies on account 1 Jun Landscaping equipment is purchased for cash 15-Jul Performed lawn mowing services for cash 1-Aug Paid for maintenance on the lawn mowers in cash 20-Aug Performed landscaping services on account 1-Oct Paid in advance for two years of rent on a storage facility 30-Nov Received cash payment from a customer for future services (not yet performed) 15-Dec Paid new employees for one month of work payday is always on the 15th of the month. 561,389 128,418 10,263 99,847 38,595 80,700 31,578 21 Formulas You Compute December 31st Adjustments: + Eleven months of interest has accrued on the note to be paid in cash on Feb 1 next year) D 25 d 27 Nine months have lapsed on the one year insurance policy A physical count of supples at the end of the year reveals half of the supplies were used The equipment is estimated to have a useful life of five years with no salvage value; depreciation must be recorded The rented storage facility has been used for three months Employees have worked for half a month (December 16. December 31) in the current year but won't be paid January 15 28 1 20 Your 2 15-Jan Paid employees for one month of worx Pristathonbein tullus interest. Mo Instructions Facts Year 1 - Ledger Given Information $ 31,578 169820 Year 1 - Financials Ready