Award : 10.00 points Problem 12 3 A Recording adju ng adjustments for accrued and prepaid expense items and and earned income . LO 12 2 . 12 - 3 On July 31 , 2019 , after one month of operation tion , the general ledger of Michael Domenici Consultant , contained the accounts and balances given ACCOUNTS AND BALANCES Accounts Receivable Prepaid Rent Prepaid Insurance repaid interest Accumulated Depreciation - Furity Equipment Accumulated Depreciation - Equipmen Notes Payable Accounts Payable Interest Payable Unearned Consulting Fees Michael Domenici Capital Michael Domenici , Drawing Consulting Fees Salaries Expense Utilities Expense Telephone Expense Supplies Expense Rent Expense Insurance Expense Depreciation Expe ase Furniture Depreciation tion Expense Equipment Interest Expense ADJUSTMENTS a . On July 39 an inventory of the supplies showed that item sting $630 were on hand b . On July 1 . the firm paid $10 500 in advance for six months of ren withs of rent 6 . On July 1 the firm purchased a one year insurance policy for $2 220 d . On July 1 , the fi the firm paid $400 interest in advance dance on a four - month note that it issued to the bank 1 July 1 the firm purchased office furniture for $14 760 The furniture is expected to have a useful life of eight years and a salvage value of On July 1 the firm purchased office equipment for $7 250 . The equipment is expected to have a useful life of five years and a salvage value of 9 . On July 1 the firm issued a th ved a three - month 6 percent note for $9 800 On July 1 , the firm received a consulting fee of ng fee of $6 090 in advance for a one - year period Required 1 . Prepare a partial worksheet with the follow owing sections Trial Balance , Adjustments , and Adjusted Trial Balance . Use the data about the firm's ccounts and balances to complete the Trial Balance section ustments described above in the Adjustments section 2 . Enter the adjustments deser 3 . Complete the Adjusted Trial Balance section By what total amount were the expense accounts of the business adjusted ?Award : 10.00 points Problem 12 3 A Recording adju ng adjustments for accrued and prepaid expense items and and earned income . LO 12 2 . 12 - 3 On July 31 , 2019 , after one month of operation tion , the general ledger of Michael Domenici Consultant , contained the accounts and balances given ACCOUNTS AND BALANCES Accounts Receivable Prepaid Rent Prepaid Insurance repaid interest Accumulated Depreciation - Furity Equipment Accumulated Depreciation - Equipmen Notes Payable Accounts Payable Interest Payable Unearned Consulting Fees Michael Domenici Capital Michael Domenici , Drawing Consulting Fees Salaries Expense Utilities Expense Telephone Expense Supplies Expense Rent Expense Insurance Expense Depreciation Expe ase Furniture Depreciation tion Expense Equipment Interest Expense ADJUSTMENTS a . On July 39 an inventory of the supplies showed that item sting $630 were on hand b . On July 1 . the firm paid $10 500 in advance for six months of ren withs of rent 6 . On July 1 the firm purchased a one year insurance policy for $2 220 d . On July 1 , the fi the firm paid $400 interest in advance dance on a four - month note that it issued to the bank 1 July 1 the firm purchased office furniture for $14 760 The furniture is expected to have a useful life of eight years and a salvage value of On July 1 the firm purchased office equipment for $7 250 . The equipment is expected to have a useful life of five years and a salvage value of 9 . On July 1 the firm issued a th ved a three - month 6 percent note for $9 800 On July 1 , the firm received a consulting fee of ng fee of $6 090 in advance for a one - year period Required 1 . Prepare a partial worksheet with the follow owing sections Trial Balance , Adjustments , and Adjusted Trial Balance . Use the data about the firm's ccounts and balances to complete the Trial Balance section ustments described above in the Adjustments section 2 . Enter the adjustments deser 3 . Complete the Adjusted Trial Balance section By what total amount were the expense accounts of the business adjusted
