Need to fix Debit and Credit on #13 of the table (it is incorrect) No Account Titles and Explanation Debit Credit 1 Cash 25,900     Common Stock   25,900   Issued common stock for $25,900 cash. Cash is received and stock is issued.     2 Cash 7,600     Note payable   7,600   Obtained a bank loan for $7,600 by issuing a note payable. Cash is received and the liability is also increased.       3 Equipment 11,900     Cash   11,900   Equipment is bought by paying cash.     4 Office rent 1,300     Cash   1,300   Office rent is paid through cash.     5 Supplies 1,550     Cash   1,550   Supplies are bought for $1,550 cash.     6 Advertising Expense 650     Accounts Payable Daily Herald   650   Advertising is purchased on accounts of Daily Herald for $650.     7 Cash 2,160     Accounts Receivable 17,240     Revenue   19,400   Performed services for $19,400, cash of $2,160 is received from customers, and the balance of $17,240 is billed to customers on account.     8 Dividends 430     Cash   430   Paid $430 dividend to stockholders.     9 Utilities 2,160     Cash   2,160   Utility bill is paid for the month,2,160     10 Accounts Payable 650     Daily Herald   650   Advertising bought on accounts is paid in cash $650     11 Interest Expense 40     Cash   40   Paid $40 of interest on the bank for the loan of $7,600 obtained from the bank.     12 Salaries 6,910     Cash   6,910   Salaries for $6,910 are paid in cash.     13 Cash 17,240 (need value here)   Accounts Receivable (need value here) 17,240   Accounts Receivable $17,240 Cr Cash is received for the balance of $17,240 billed to customers on account for services performed.             More information

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A -1   Prepared by       Reviewed by   William, Inc.   Bank Confirmation - General Account   December 31, 2022           Balance per Bank at December 31, 2022   $20,200.22 * Deposit in Transit - per A-1-2   2,000.00 # Outstanding Checks - per A-1-3   (5,200.00)   Other - Note Collected by Bank   (10,000.00) ^ Bank Service Charge   (9.50)           Balance per Books at December 31, 2022   $8,990.72 *     f       f Column footed. ^ Amount agrees to amount recorded as a deposit on the bank statement and description agrees with receipt enclosed with 12/31/22 bank statement.  This note is the Kristopher note receivable that was recorded as a receipt by the client in the cash receipts journal on January 3, 2023.  The receivable was appropriately credited and properly reflected in the January cash receipts journal.  No adjustment needed as bank and books simply record this in different periods. #Agreed to December 31,…

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