my numbers do nit balance out I dont know where I went wrong

100 5.000 Financial Statement Homework #2 Name Upload a copy of ALL PAGES of the Financial Statement HW to the D2L dropbox. You must handwrite (not type) the assignment. Insert image of your assigned unadjusted Trial Balance HERE: Charlie, Ine. December 31, 2017 Unadjusted Trial balance Cash 50,000 Accounts Receivable 30,000 Allowance for Doubtfil Accounts Short Term Not Receivable 60,000 Interest Receivable 0 Suppies Prepaid Insurance 48.00 Inventory 12,000 Vehicle 16,000 Equipment 75.000 Accumulated Depreciation 42.000 Accounts Payable 18,000 Unearned Revenue 14,000 Wages Payable 2,000 Long-Term Notes Payablo 70.000 Common Stock 106,000 Relained Earnings (1/1/2017) 2.500 Dividends 2,000 Sales 511,000 Sales Returns & Allowances 7,000 Sales Discounts 3.000 Cost of Goods Sold 46,000 Delivery Expense 5,000 Depreciation Expense 16,000 Bad Debt Expense 0 Rent Expense 98,000 Insurance Expense 40,000 Wages Expense 195,000 Supplies Expense 15,500 0 Interest Revenue 0 Loss on Disposal 6,500 Interest Expense Income Tax Expense 36,000 Total 766,000 766,000 1 ALL PAGES OF THIS DOCUMENT MUST BE UPLOADED TO D2L LTL x 121 x 3112 3112 Part 1a: Prepare adjusting journal entries using the unadjusted trial balance on the previous page and the information provided below. Use only the account names provided on the previous page (do not create any new account names). 1. On Dec 31, 2017 merchandise was sold on account for $16,500 with a cost of $5,500 terms 3/10 net 30. Accounts Receivable Saics Cost of Goods Sold Inventory 2. The company received a 6 month, 12% interest note short-term note for the amount listed on the unadjusted trial balance on Oct 1, 2017. All interest and principal will be paid back at the end of the 6 months. Write the adjusting journal entry required for its financial statements as of Dec. 31, 2017 Interest Reecido 2000 TUDOX12.1. Interest Devenue 2.100 400 3. Uncollectable Accounts Receivables of $1,600 need to be written off for the year ended 2017. Allowance for downful Accounts lleno Accounts hece aloe 4. Management estimates that of the remaining accounts receivable balance, $2,000 will be uncollectible. Record the adjustment based on this information. Hint: Use the AFDA balance AFTER the above write off during 2017. Use an AFDA T-account! Bad debts expensc 1,000 500 - 600 Allowance fox doubtful accounts +2100 5. A piece of equipment was retired on Dec. 31, 2017. The equipment originally cost $34.000 and has related A/D of $24,000 as of Jan. 1, 2017. Additional depreciation of $3,000 needs to be recorded on this piece of equipment at Dec. 31, 2017. Update the depreciation below (#5). Then record the retirement (#6). 3,000 Accomulated Depreciation 6. Record the retirement of the equipment (from #5) including the gain or loss. Accumulated Depreciation 27,000 LOSS on disposal 7,000 134,000 Andain dubiful Deprecianon expense Equipment ALL PAGES OF THIS DOCUMENT MUST BE UPLOADED TO D2L 2 Part 1b: Post the adjusting journal entries to t-accounts: (Specific instructions: Above each T-account, write the account name of each account affected by a journal entry. Write in the unadjusted balance for each of these accounts (from page 1)...the unadjusted balance might be a debit, a credit, or zero balance. Now you are ready to post your journal entries from page 2 onto the corresponding T-accounts and then calculate adjusted balances.) Accounts Payable 30,000 Cod ponds sold 511,000 46,000 16,500 5,500 1, DOO 1.6000 Bai, 44,900 Ba1.527,500 Bol.51,500 Interest Pere Interest Price SO 2,100 2.100 O 12,000 5,500 Bal. 65oo Bal. 2,100 Allowance for B01. 2.100 Mdoubt Accounts Bad dept Expense Denciation Expense 500 O 16,000 1,000 3,000 1.000 Bal. 100 Bal. 1,000 Bal. 19.000 Accumulared LOSS on Disposal De aichon 42.000 3,000 Equipment 75.000 134,000 7,000 27,000 Bal. 7,000 Bal. 18.000 Bal.41,000 3 ALL PAGES OF THIS DOCUMENT MUST BE UPLOADED TO D2L Part 1c: Prepare the Adjusted Trial Balance (i.e., use ending balances after the previous journal entries are posted) December 31, 2017 Adjusted Trial balance Debit Credit Cash 50,00 Accounts Receivable Allowance for Doubtful Accounts Short Term Note Receivable Interest Receivable Supplies Prepaid Insurance 42.COM Inventory Lobo Vehicle 10.000 Equipment LOOD Accumulated Depreciation 2.0 Accounts Payable 12.00 Unearned Revenue 14.00 Wages Payable 2. aos Long-Term Notes Payable 10.000 Common Stock Retained Earnings (1/1/2017) (2,500 Dividends 2.000 Sales 521,500 Sales Returns & Allowances 1100D Sales Discounts 3,000 Cost of Goods Sold 51,500 Delivery Expense 5,000 Depreciation Expense 119,000 Bad Debt Expense 1,000 Rent Expense 198.000 Insurance Expense 40,000 Wages Expense 1195.000 Supplies Expense Interest Revenue 2.100 Loss on Disposal 7.000 Interest Expense 101500 Income Tax Expense Blo,000 Total 144,600 184,100 ALL PAGES OF THIS DOCUMENT MUST BE UPLOADED TO D2L 4 MUST BE LIA