Entire exercise.

Exercise III. Based on the unadjusted trial balance for JKL Company and the adjusting information given below, prepare the adjusting journal entries for the accounting period. After completing the adjusting entries, prepare the adjusted trial balance. JKL Company unadjusted trial balance for the current year follows: $ 4.200 1.480 990 3.860 $ 770 57,500 3.840 JKL Company Unadjusted Trial Balance December 31 Cash Prepaid insurance ... Shop supplies Shop cquipment ... Accumulated depreciation-shop equipment Building...... ... Accumulated depreciation-building... Land. Unearned rent...... Long-term notes payable. J. Capital Rent earned ..... Fees carned Wages expense.... Utilities expense Property taxes expense Interest expense........ Totals... 55,000 1.600 50.000 49,860 2,400 23,400 3.200 690 600 4.350 $131.870 $131.870 Additional information: a. An insurance policy examination showed $1,240 of expired insurance. b. An inventory count showed S210 of unused shop supplies still available. c. Depreciation expense on shop equipment, S350. d. Depreciation expense on the building, $2,220. e. A beautician is behind on space rental payments, and this $200 of accrued revenues was unrecorded at the time the trial balance was prepared f. 5800 of the Uneamed Rent account balance was camed by year-end. g. The one employee, a receptionist, works a five-day workweek at S50 per day. The employee was paid last week but has worked four days this week for which she has not been paid. h. Three months' property taxes, totaling S450, have accrued. This additional amount of property taxes expense has not been recorded. i. One month's interest on the note payable, $600, has accrued but is unrecorded. Use the above information to prepare the adjusted trial balance for JKL Company