https://newconnect.rmieu uta tíu Getting Started Latest Headlines G b dot evans

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https://newconnect.rmieu uta tíu Getting Started Latest Headlines G b dot evans - Goog... G New Tab QYouTube G university of rich Homework Assignment 2 Required Information The followling information applies to the questions displayed below A six-column table for JKL Company follows. The irst two columns contain the unadjusted trial balance for the company as of July 31,2017. The last two columns contain the adjusted trial balance as of the same date. djusted trial Balance trial Balance $ 34,000 22.000 2,000 2,960 5 34,000 Aecounts receivable ottiee supplies Prepaid ineurance oftice equipment Nocum. Depreciation-Office equip Aocounts payable Iotorest payable salaries paysble Deearned consalting fees Long-ters notes payable 14,000 16,000 8.540 4,000 20,000 10,000 1,000 7,000 5.000 52,000 40,000 4,0004,00 9,100 18,000 52,004 40,000 J. Logan, Withdravals Consulting fees earned 5,000 5.000 123.240 134,240 expense-ottice equip 6, 000 4,000 2,200 5 580 14,500 4,000 3,000 67,000 1,200 14,500 office supplies expense Advertisi 256,340 5256 340 279,240 $279,240 Required: 1. Analyze the afferences between the unadjusted and odjusted trial balances to determine the adjustments that likely were made. Show the resuts of your analysis by entering these adjustment amounts in the cels provided S 34,000 S 34,000 22,000 4.000

Explanation / Answer

Unadjusted Trial balance Adjusting entries Adjusted trial balance Debit Credit Debit Credit Debit Credit Cash 34000 34000 Accounts receivable 14000 8000 22000 Office supplies 16000 14000 2000 Prepaid insurance 8540 5580 2960 Office equipment 84000 84000 Accumulated depreciation office equipment 14000 6000 20000 Accounts payable 9100 900 10000 Interest payable 0 1000 1000 Salaries payable 0 7000 7000 Unearned consulting fees 18000 3000 15000 Long term notes payable 52000 52000 J. logan capital 40000 40000 J.Logan withdrawls 5000 5000 Consulting fees earned 123240 11000 134240 Depreciation expense equipment 0 6000 6000 Salaries expense 67000 7000 74000 Interest expense 1200 1000 2200 Insurance expense 0 5580 5580 Rent expense 14500 14500 Office supplies expense 0 14000 14000 Advertising expense 12100 900 13000 Total 256340 256340 45480 45480 279240 279240

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