1 Instructions: 2 Using the balances from the Unadjusted Trial Balance (UTB sheet) and the following information, 3 please prepare the necessary adjusting entries, for October 2020 4 Sa) Record rent for the month of October (the amount on the UTB was for six months in advance) monthly $1,000 6 b) For the period of October 21 to October 31 Sharon owed but has not paid her employees $1,500 7 c) Sharon has $1,000 of supplies on hand 8 d) Depreciation on equipment for October is $100 9 e) Sharon earned but have not received $7,000 for consulting fees 10 11 After you finish the entries-post them to the General Ledger (GL) sheet 12 13 When you finish posting to the GL, balance the accounts and complete the Adjusted Trial Balance (ATB) Sharon Matthews Consulting 14 General Journal: 15 Date Account PR Debit Credit 16 17 18 19 20 21 22 Instructions: Using the balances from the Unadjusted Trial Balance (UTB sheet) and the following information, 3 please prepare the necessary adjusting entries, for October 2020 5 a) Record rent for the month of October (the amount on the UTB was for six months in advance) monthly $1,000 b) For the period of October 21 to October 31 Sharon owed but has not paid her employees $1,500 6 7 c) Sharon has $1,000 of supplies on hand 8 d) Depreciation on equipment for October is $100 9 Sharon earned but have not received $7,000 for consulting fees 10 11 After you finish the entries -post them to the General Ledger (GL) sheet 12 13 When you finish posting to the GL, balance the accounts and complete the Adjusted Trial Balance (ATB) Sharon Matthews Consulting 14 General Journal 15 Date Account PR Debit Credit 16 17 18 19 20 21 22 23 25 26 27 28 Information and tranactions GL UTB ATB Ready Accessibility: Investigate Type here to search K Calibri BIU v Paste E Clipboard E24 Font 11 A A ab Wrap Text Custom A Merge & Center $% Conditi Formatti G Alignment Number G X A B C D E F G H 1 Instructions: 2 Using the balances from the Unadjusted Trial Balance (UTB sheet) and the following information, 3 please prepare the necessary adjusting entries, for October 2020 4 5a) Record rent for the month of October (the amount on the UTB was for six months in advance) monthly $1,000 6 b) For the period of October 21 to October 31 Sharon owed but has not paid her employees $1,500 7) Sharon has $1,000 of supplies on hand 8 d) Depreciation on equipment for October is $100 9 e) Sharon earned but have not received $7,000 for consulting fees 10 11 After you finish the entries -post them to the General Ledger (GL) sheet 12 13 When you finish posting to the GL, balance the accounts and complete the Adjusted Trial Balance (ATB) Sharon Matthews Consulting 14 General Journal 15 Date Account PR Debit Credit 16 17 18 19 20 21 22 23 25 26 27 28 Information and tranactions GL UTB ATB L Ready Accessibility investigate File Home Insert Page Layout Formulas Data Review View Help Tell me what you want to do Calibri 11 AA Wrap Text General Paste Cupboard N10 B IU 1-A- Merge & Center $% Conditional Format as Formatting Table Style 2 Font 9 Alignment E Number Styles X fe D G H 1 Cash 10 Fees Earned 41 2 40,000 6,000 18,250 3 1,750 4 18,250 1,880 5 5,000 6 2,000 7 58,250 16,630 8 Balance 41,620 9 10 Accounts Receivable Rent Expense 51 11 12 13 14 15 16 17 18 19 Prepaid Rent 6,000 11 Automobile Expense 1,880 51 20 21 22 23 Information and tranactions GL UTB ATB Ready Accessibility investigate H Type here to search 0 A Paste Clipboard N10 Calion BIU- Font fx 25 X A B AA C D Alignment Wrap Text Merge & Center General $-%- 4 Number G H 848 Conditional Formatting- 26 27 28 Supplies 3,200 2 12 Rent Expense 52 222 29 30 31 32 33 34 35 36 Office Equipment 2,500 13 Supplies Expense 53 37 38 39 40 41 42 43 Accumulated Depreciation 14 Office Salary/Wages Expense 54 44 5,000 45 46 47 Information and tranactions GL UTB ATB Ready Accessibility: Investigate. Type here to search E Paste BIU- A. Merge & Center $ %> E Alignment Number Clipboard Font N10 X fx A A C D E F G H 47 Depreciation Expense 55 21 3,200 2,500 5,700 3,950 48 49 50 Accounts Payable 51 1,750 52 53 1,750 54 55 56 Wages/Salaries Payable 57 58 59 60 61 62 63 Sharon Matthews, Capital 64 65 66 67 68 69 70 71 72 Sharon Matthews, Drawing 2,000 73 74 75 22 31 40,000 32 Information and tranactions GL UTB ATB Ready Accessibility: Investigate Paste Clipboard H19 23 Calibri BIU- 11 AA 140 Font F fe C Sharon Matthews Consulting Unadjusted Trial Balance October 31, 2020 A B 1 2 3 45 Wrap Text Merge & Center General Alignment D E G H AC# Account 6 10 Cash Debit Credit 41,620 7 11 Accounts Receivable 8 12 Prepaid Rent 9 13 Supplies 10 14 Office Equipment 6,000 3,200 2,500 11 15 Accumulated Depreciation - Equip 12 22 Accounts Payable 3,950 13 22 Wages/Salaries Payable 14 31 Sharon Matthews, Capital 40,000 15 32 Sharon Matthews, Drawing 2,000 16 41 Fees Earned 18,250 17 51 Automobile Expense 1,880 18 52 Rent Expense 10 53 Supplies Expense 20 54 Office Salaries/Wages Exense 5,000 21 55 Depreciation 22 62,200 62,200 23 Information and tranactions GL UTB ATB O Ready Accessibility Investigate Type here to search Fi C vant to do -%- Conditional Formatting Number Chapter Four Assignment (1) - Excel File Home Insert Page Layout Formulas Data Review View Help Tell me what you want to do 86 eb Paste Calibri BIU- 11 40 A- AA Wrap Text Custom Merge & Center Conditional $ %' Formatting- Clipboard E Font Alignment Number F18 A B 1 2 3 C fx Sharon Matthews Consulting Unadjusted Trial Balance October 31, 2020 4 5 AC# Account 6 10 Cash 7 11 Accounts Receivable 8 12 Prepaid Rent 9 13 Supplies 10 14 11 15 12 22 13 22 14 31 15 32 16. 41 17 51 Office Equipment Accumulated depreciation Accounts Payable Wages/Salaries Payable Sharon Matthews, Capital Sharon Matthews, Drawing Fees Earned Automobile Expense 18 52 Rent Expense 19 53 Supplies Expense 20 54 Wages expense 21 55 Depreciation Expense: 22 23 D E Debit Credit Information and tranactions GL UTB ATB G H