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1. Analyze the differences between the unadjusted and adjusted trial balances to determine the adjustments that likely were made. Show the results of your analysis
1. Analyze the differences between the unadjusted and adjusted trial balances to determine the adjustments that likely were made. Show the results of your analysis by entering these adjustment amounts in the cells provided.
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$ Unadjusted Trial Balance 93,920 14,000 17,800 9,340 90,000 $ 25,000 11,100 Cash Accounts receivable Office supplies Prepaid insurance Office equipment Accum. Depreciation-office equip. Accounts payable Interest payable Salaries payable Unearned consulting fees Long-term notes payable 3. Logan, Capital J. Logan, Withdrawals Consulting fees earned Depreciation expense-office equip. Salaries expense Interest expense Insurance expense Rent expense Office supplies expense Advertising expense Totals 28,000 54,000 44,000 Adjusted Trial Balance $ 93,920 23,500 6,000 3,160 90,000 $ 32,000 24,000 2,000 11,000 17,000 54,000 44,000 9,500 189,500 7,000 79,010 3,280 6,180 14,740 11,800 25,410 $ 373,500 $373,500 9,500 169,000 68,010 1,280 14,740 12,510 $ 331,100 $331,100 Unadjusted Trial Balance $ 93,920 | $ 14,000 17,800 9,340 90,000 $ 25,000 11,100 Adjustments 93,920 9,500 11.8001 6,180 90,000 7,000 12,900 0 Account Cash Accounts receivable Office supplies Prepaid insurance Office equipment Accumulated depreciationOffice equipment Accounts payable Interest payable Salaries payable Unearned consulting fees Long-term notes payable J. Logan, Capital J. Logan, Withdrawals Consulting fees earned Consulting fees earned (Unearned fees adjusted) Depreciation expense-Office equipment Salaries expense Interest expense Adjusted Trial Balance $ 93,920 23,500 6,000 3,160 90,000 $ 32,000 24,000 2,000 11,000 17,000 54,000 44,000 9,500 189,500 28,000 54,000 44,000 11,000 54,000 44,000 9.500 9,500 169,000 20,500 189,500 68,010 1,280 11,000 2,000 7,000 79,010 3,280 14,740 Insurance expense Rent expense Office supplies expense Advertising expense Totals 14,740 07 12,900 261,540 6,180 14,740 11,800 25,410 373,500 12,510 331,100 $ $ 331,100 $ $ 338,900 $ $ 373,500Step by Step Solution
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