Find adjustments, income statement, statement of owners equity, and the balance sheet

ooo T-Mobile '3 7:48 PM ezto.mheducati0n.com ECOMGCt' ALLOLlNTlNG cn 3 Homework instructions help Ouestlons 3 - 4 [of 6) v > Save&Exit Submit ' l Problem 3-4A Interpreting unadjusted and adjusted trial ballances, and preparing linancial statements LO C3, A1, P1, P2, P3 [The following information applies to the questions displayed below] A six-column table for JKL Company follows. The first two columns contain the unadjusted trial balance for the company as of July 31. 2013. The last two columns contain the adjusted tnal balance as of the same date. Unadjusted Adjusted Trlal Balance Trlal Balance Cash S 34.000 5 34.000 Accounts recelvable MOOG 22.000 Office supplies 16.000 2.000 Prepald insurance 8.540 2.960 Office equipment 84.000 84.000 Accum. Depreciation-Office equip. S M.000 5 20.000 Accounts payable 9.100 I0.000 Interest payable 0 1.000 Salaries payable 0 7.000 Unearned consulting fees 18.000 15.000 Long-term notes payable 52.000 52000 J. Logan. Capital 40.000 40.000 J. Logan. Wrthdrawals 5.000 5.000 Consulting tees earned 123240 134240 Depreciation expense-Office equip. 0 6.000 Salaries expense 67.000 74.000 Interest expense 1.200 2.200 Insurance expense 0 5.580 Rent expense 14500 14500 Office supplies expense 0 M.000 Advertlsmg expense 12.l00 I3.000 Totals 5 256340 5256340 $ 279240 5279240 References Section Break Problem 3-4A Interpreting ur'ndjuszed and adjusted tnal balances. and prepanng financial stazemems LO C3. A1.P1.P2, P3 VH'JC' 5.00 points Required Information Prolbllem 3-4A Part 1 Required: ' 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. '- Adjustments - Adjusted Trlal Balance 1 l Account 7 Unadjusud Tr'lol Baum m 34.000 5 fi fiooo T-Mobile 4? 7:48 PM D' 24% [E ezto.mheducation.com 3 value: Required Information ' 5.00 points Pirolbllem 3-4A Part 1 Required: ' 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. I .-J"W* :Pnaushd mal Baum: Adjustments :Adjusnd Trlal Balance 1 Cash 5 34.000 5 34.000 Amns receivable 14.000 22.000 Office supplies 16.000 2.000 Prepaid hsuranee 8.540 2.960 Office WI emooo B4.000 Accundated degradation-Office eqdpment 3'14000 3' 20.000 mus payable 9.100 V ' 7 10.000 hiatus! paywlo 0 1.000 Salaies payable 0 ' 7.000 Uneamed mating fees 18,000 15.000 Long-term notes payable 52.000 52.000 J. Logan. Capital 40.000 40.000 J. Logan, Waterman 5.000 7 5.000 7 mm tees earned 123240 134240 Catering tees carved (Umm tees adpsted) Depreciation ammo-om Wu 0 ' 6.000 Salaries expense 67.000 74.000 Heres! expense 1.200 2.200 mm am 0 5.580 Rent expense 7 14.500 14.500 Office supplies expense 0 14.000 Advertising expense 12.100 13.000 row. 3 256340 3 256340 3 o s 0 3 279240 3 279240 References eBook & Resources Expanded table Learning Objective; 03A1 chrrr'mq Objuclwc. 33>P2 prum ur'd pruparc am adjusted Explain how accounting that: bauunuc. adjustments link to hnancual statements. Problem 34A Part1 Learning Objective; 03jr3c'.:-/r;. iJS-P'J Prupufc tlnur'cml startur'rcrils Identity the types of how at" EIGJJSIU'J inul Ualau'w. adjustments and their purpose. Difficulty: Hard Learning Objective; 03-P1 Prepare and explain adjusting entries. Check my work 4 VW": - Required Information 7.00 pomtsooo T-Mobile 4? 7:48 PM 0' 24% [E ezto.mheducation.com Problem 3-4A Part1 Leammg Objeclrve: 03-C3 LL'Elllllng Objective: OLLP'J Prepare lrnurtulal statements Identify the types of lrorn 'dl'. adjusted lnul balance. adjustments and the" purpose. Dllflculty: Hard Leammg Ob;ectrve: 03-P1 Prepare and explam adjusting entries. Check my work 4 value: Requlred Information ' 7.00 points Problem 3-4A Part 2 al") Prepare JKL Company's income statement and its statement of owner's equity for the year ended July 31, 2013. I JKL COMPANY ' I Income Statement I ' Fer Year Ended July at. 2013 I s 0 -". al") Prepare JKL Company's statement of owner's equity for the year ended July 31, 2013. Note: J. Logan, Capital at July 31, 2012, was $40,000, and the current-year withdrawals were $5,000. r-JKL conpAnv'-1 l Statement of Owner's Equity I ' - For You Ended July 3]. 2013 I J. Logan, Camel. July 31, 2012 i ' 'J. Logan. Capctal. July 31, 2013 s 0OOO T-Mobile '3 7:48 PM D' 24% [E ezt0.mheducati0n.com C 2'" Prepare JKL Company's the balance sheet as of July 31, 2013. ' JKL COMPANY 1 I Balance Sheet l L July 31. 2013 J 0 s 0 References eBook & Resources Worksheet Loammg ObJUCllve, 03-A1 erx'l'l'u; Ul'l','u'..'/I;, Iiis-Pi qu; am ard swann; am adjusted Explam how acwunung In ex [521 amc. adjuslmunls Imk lo (manual slalomunls. Problem 3-4A Part2 Loammg Objucllve, 03-C3 Lrex'l't'u; UI'II'IT', vu. " Pi" P'upu'c Iumrpm. slenlcr'ugl'ls Idunllfy [he types of "or: at" amy-glad {mal L'illdl'L'L' adjuslmunls and lhmr pulpose. Difficulty: Hard Loarmng Obwclwe, 03-P1 Prepare and oxplam adjusting BHUIL'S. Check my work