sanchez problems 279000

Problem 3 answers Insurance Expense Account No. 5060 Date 201x? Explanation?Post Ref.?Debit?Credit?Balance Debit? Credit??9/1 1x?Balance forward????150 00??????????????????????????????????????????? Postage expense Account No. 5070 Date 201X?Explanation?Post Ref.?Debit?Credit?Balance Debit? Credit??9/1 1x?Balance forward????50 00??????????????????????????????????? SANCHEZ COMPUTER CENTER TRIAL BALANCE SEPTEMBER 30, 201X DR CR CASH?164500???ACCOUNTS RECEIVABLE?260000???PREPAID RENT?120000???SUPPLIES?45000???COMPUTER SHOP EQUIPMENT?240000???OFFICE EQUIPMENT?60000???ACCOUNTS PAYABLE??210000??FREEDMAN, CAPITAL??450000??FREEDMAN, WITHDRAWALS?10000???SERVICE REVENUE??668500??ADVERTISING EXPENSE?140000???RENT EXPENSE?40000???UTILITIES EXPENSE?18000???PHONE EXPENSE?22000???INSURANCE EXPENSE?15000???POSTAGE EXPENSE?5000???TOTALS?1139500?1139500?????? My problem is in chapter 4 Directions are to Use trial balance above from chapter 3 and the adjusting information given here to complete the worksheet for the three months ended September 30, 201x. From the worksheets, prepare the financial statements. SANCHEZ COMPUTER CENTER At the end of September, Tony took a complete inventory of his supplies and found the following: 5 dozen 1/4” screws at a cost of $8.00 a dozen 2 dozen ½” screws at a cost of $5.00 a dozen 2 cartons of computer inventory paper at a cost of $14 a carton 3 feet of coaxial cable at a cost of $4.00 per foot After speaking to his accountant, he found that a reasonable depreciation amount for each of his long term assets is as follows: Computer purchased July 5, 201x Depreciation $33 a month Office equipment purchased July 17, 201x Depreciation $10 a month Computer workstations purchased Sept. 17, 201x Depreciation $20 a month Tony uses the straight line method of depreciation and declares no salvage value for any of the assets. If any long term asset is purchased in the…