answer must be vertical (3 Question was repeated by accident?)
The unadjusted trial balance of the Pelcher Marketing Company as of December 31, 2019 is found on the trial balance tab. The following information is required to prepare the necessary adjusting entries for the Pelcher Marketing Company 1) The balance in Prepaid insurance represents a 24-month policy that went into effect on December 1, 2019 Review the unadjusted balance in Prepaid insurance, and prepare the necessary adjusting entry, if any 2. Based on a physical count, supplies on hand total $4,356. Review the unadjusted balance in Supplies, and prepare the necessary adjusting entry, if any 3) The equipment is expected to have a 5-year useful life, and be worth about $12.000 at the end of five years. Review the unadjusted balance in Accumulated depreciation, and prepare the necessary adjusting entry to record the monthly depreciation, if any. 4) On December 26, the client paid a $7,800 60-day fee in advance covering December 27 to February 24. Review the unadjusted balance in Unearned Consulting Revenue, and prepare the necessary adjusting entry. If any 5) Pelcher Marketing's employee earns $140 per day for a five-day workweek beginning on Monday and ending on Friday The employee was last paid on Friday, December 26 Review the unadjusted balance in Salories expense, and prepare the necessary adjusting entry. If any 6) in the second week of December. Pelcher Marketing agreed to provide 30 days of consulting services to a local fitness club for a fixed fee of $6,300. The terms of the initial agreement call for Pelcher Marketing to provide services from December 12, 2019, through January 10, 2020 of 30 days of service The club agrees to pay Pelcher Marketing $6,300 on January 10, 2020, when the service period is complete Review the unadjusted balance in Consulting revenue, and prepare the necessary adjusting entry. If any. Balance Sheet Impact on Requirement General General Trial Balance Income St Owner Journal Ledger statement Equity income For transactions 1-6, review the unadjusted balance from the Trial Balance and prepare the adjusting entry necessary to correctly report the revenue earned or the expense incurred. After adjusting the accounts, review the financial statements for accuracy. View fransactions Journal entry worksheet 5 0 The balance in Prepaid insurance represents a 24-month policy that went into effect on December 1, 2019. Review the unadjusted balance in Prepaid Insurance and prepare the necessary adjusting entry, any. Estare Date Deli Dec 31 Account Time instance prepard intrance V. 204 The unadjusted trial balance of the Pelcher Marketing Company as of December 31, 2019 is found on the trial balance tab. The following information is required to prepare the necessary adjusting entries for the Pelcher Marketing Company 1) The balance in Prepaid insurance represents a 24-month policy that went into effect on December 1, 2019 Review the unadjusted balance in Prepaid insurance, and prepare the necessary adjusting entry, if any 2) Based on a physical count, supplies on hand total $4,356. Review the unadjusted balance in Supplies, and prepare the necessary adjusting entry. If any 3) The equipment is expected to have a 5-year useful life, and be worth about $12,000 at the end of five years. Review the unadjusted balance in Accumulated depreciation, and prepare the necessary adjusting entry to record the monthly depreciation. If any. 4) On December 26, the client paid a $7,800 60-day fee in advance, covering December 27 to February 24 Review the unadjusted balance in Uneamed Consulting Revenue and prepare the necessary adjusting entry, if any. 5) Pelcher Marketing's employee earns $140 per day for a five-day workweek beginning on Monday and ending on Friday. The employee wos tast paid on Friday, December 26. Review the unadjusted balance in Salaries expense, and prepare the necessary adjusting entry, if any 6) in the second week of December. Pelcher Marketing agreed to provide 30 days of consulting services to a local fitness club for a foxed fee of $6,300 The terms of the initial agreement call for Pelcher Marketing to provide services from December 12, 2019, through January 10, 2020. or 30 days of service. The club agrees to pay Pelcher Marketing $6,300 on January 10, 2020, when the service period is complete Review the unadjusted balance in Consulting revenue, and prepare the necessary adjusting entry, if any Requirement General General Trial Balance Income St Owner Impact on Journal Ledger statement Equity Balance Sheet income For transactions 1-6, review the unadjusted balance from the That Balance and prepare the adjusting entry necessary to correctly report the revenue eamed or the expense incurred. After adjusting the accounts, review the financial statements for accuracy, Vwwwamation Journal entry worksheet Based on a physical count, supplies on hand total $4,350. Review the uradjusted balance in Supplies, and prepare the necessary adjusting entry, if any. Terbit for it Date Denis Credit Dec 31 Account Title Supplies expense Supplies Van The unadjusted trial balance of the Pelcher Marketing Company as of December 31, 2019 is found on the trial balance tab. The following Information is required to prepare the necessary adjusting entries for the Pelcher Marketing Company 1) The balance in Prepaid insurance represents a 24-month policy that went into effect on December 1, 2019. Review the unadjusted balance in Prepaid Insurance and prepare the necessary adjusting entry, if any 2) Based on a physical count, supplies on hand total $4,350. Review the unadjusted balance in Supplies, and prepare the necessary adjusting entry, if any 3) The equipment is expected to have a 5-year useful life, and be worth about $12,000 at the end of five years Review the unadjusted balance in Accumulated depreciation and prepare the necessary adjusting entry to record the monthly depreciation, if any 4) On December 26, the client pold a $7,800 60-day fee in advance, covering December 27 to February 24 Review the unadjusted balance in Uneamed Consulting Revenue and prepare the necessary adjusting entry. If any 5) Pelcher Marketing's employee earns $140 per day for a five-day workweek beginning on Monday and ending on Friday. The employee was last paid on Friday, December 26, Review the unadjusted balance in Salarles expense, and prepare the necessary adjusting entry, If any 6) In the second week of December, Peicher Marketing agreed to provide 30 days of consulting services to a local fitness club for a fixed fee of $6,300. The terms of the initial agreement call for Pelcher Marketing to provide services from December 12, 2019, through January 10, 2020, or 30 days of service. The club agrees to pay Pelcher Marketing $6,300 on January 10, 2020, when the service period is complete Review the unadjusted balance in Consulting revenue, and prepare the necessary adjusting entry. If any. Requirement General Journal General Ledger Trial Balance Income Statement St Owner Equity Balance Sheet Impact on Income For transactions 1-6, review the unadjusted balance from the Trial Balance and prepare the adjusting entry necessary to correctly report the revenue eamed or the expense incurred. After adjusting the accounts, review the financial statements for accuracy, View transaction Journal entry worksheet
