Hello,I am having trouble trying to figure this problem out. I created the accounts and now I am on part c which is to make the changes via journal entry. I entered them, but my journal entry is not balancing out. I am not sure what I need to do next.Thank You,Jenny Vue (2) Turn on - Make Single-Time Activity Billable to Customer.2 Create new accounts and related beginning balances as follows:Account TypeBankFixed Assets*Fixed Assets*Long-Term LiabilitiesEquityDetail TypeNameCheckingCheckingFurniture & Fixtures Original costFurniture & Fixtures DepreciationNotes PayableCommon StockNotes PayableCommon Stock*When entering a new fixed asset, place a check in the Track depreciation of this asset check box to reveal Original cost andDepreciation text boxes. Enter amounts from above as positive numbers.Balance25,000.0040,000.0010,000.0060,000.001,000.003 Create two new products and one new service item as follows:a. ProductsAs of12/31/2312/31/2312/31/2312/31/2312/31/23i) Name/Description - Rook 15, initial quantity 12/31/23 - 10,inventory asset account - Inventory Asset (this account willautomatically be created in the chart of accounts when you addthis product), price - $650, cost-$400, income account - Sales,expense account - Cost of Goods Soldii) Name/Description - The Water Hog, track quantity, initialquantity 12/31/23-8, inventory asset account - InventoryAsset, price - $860, cost-$500, income account - Sales,expense account - Cost of Goods SoldAccountAccounts Receivableb. Service Name/Description - Consulting, rate - $25, incomeaccount - Services. Click + Add new, Account Type: Income, DetailType: Service/Fee Income, Name: ServicesPrepaid ExpensesAccounts Payablec. Make changes to the following accounts via journal entry 1 as of12/31/23 with an offset to Opening Balance Equity. Note: You'llhave to add these accounts first.Amount5,000.003,000.004,500.00NameBlondie's Boards (new customer)Channel Islands (new vendor) Please balance debits and credits.Journal date12/31/2023⠀⠀⠀⠀⠀⠀⠀⠀⠀Add linesMemo#1 Accounts Receivable (A/R)2 Prepaid Expenses3 Accounts Payable (A/P)45ACCOUNT678Clear all linesTotalDEBITS5,000.003,000.008,000.00Journal no.1CREDITS4,500.004,500.00DESCRIPTIONNAME11111111111

Name: Hello,I am having trouble trying to figure this problem out. I created
Uploaded: 2024-03-04T10:43:15.000Z
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Description: Hello,I am having trouble trying to figure this problem out. I created the accounts and now I am on part c which is to make the changes via journal entry. I entered them, but my journal entry is not balancing out. I am not sure what I need to do next