GL0301 (Algo) - Bosed on the... LO P1, P2, P3, P4, P5, P6 The unadjusted trial balance of the Fost Forward Company as of December 31 is found on the trial baiance tob. The following intormation is required to prepare the necessary adjusting entries for the Fast Forward Compary 1) The balance in Prepasd insurance represents a 2A-nonth policy that went into effect on December 1 Revew the unadjusted balance in Prepald risurance, and prepare the necessary adjusting entry, if any 2) Based on a physical court, supplies on hand total $8,670. fieview the unadjusted bolance in Supplies, and prepare the necessary adjusting entry, if aby. 3) The equipment is expecied to have an 5 year useful hife, and be worth about $8,000 at the end of five years keyiew the unadjusted balance in Accumulated depreciation, and prepare the necessary adjusting entry to record the monthy depreciation. It any 4) On December 26 , the client pand a $3,00060-day fee un advance, coverino December 27 to February 24 . Review the unadjusted balance in Unearned Consutting Revenue, and prepare the necessary adusting entry. if any 5) Fast Forwards employee eams 570 per day for a five-day workweek beginning on Monday and ending on Finday the empioyee was last paid on Foday, December 26 . Review the unadusted balance mi Satolies expende, and prepare the necessary adjusting entry. if any. 6) In the second week of December, Fast Forward agreed to provide 30 days of consulsng services to a iocal fitress club for a fixed fee of $2,700. The terms of the inalal agreement call for Fast Forward to provide setvices from December 12 , through january 10. of 30 days of service. The ctub aprees to pay fast Forward $2,700 on January 10 , when the service period is complete. Revew the unacfusted bolance in Consuling revenue, and prepare the necessary adjusting entry, df any GL0301 (Algo) - Bosed on the... LO P1, P2, P3, P4, P5, P6 The unadjusted trial balance of the Fost Forward Company as of December 31 is found on the trial baiance tob. The following intormation is required to prepare the necessary adjusting entries for the Fast Forward Compary 1) The balance in Prepasd insurance represents a 2A-nonth policy that went into effect on December 1 Revew the unadjusted balance in Prepald risurance, and prepare the necessary adjusting entry, if any 2) Based on a physical court, supplies on hand total $8,670. fieview the unadjusted bolance in Supplies, and prepare the necessary adjusting entry, if aby. 3) The equipment is expecied to have an 5 year useful hife, and be worth about $8,000 at the end of five years keyiew the unadjusted balance in Accumulated depreciation, and prepare the necessary adjusting entry to record the monthy depreciation. It any 4) On December 26 , the client pand a $3,00060-day fee un advance, coverino December 27 to February 24 . Review the unadjusted balance in Unearned Consutting Revenue, and prepare the necessary adusting entry. if any 5) Fast Forwards employee eams 570 per day for a five-day workweek beginning on Monday and ending on Finday the empioyee was last paid on Foday, December 26 . Review the unadusted balance mi Satolies expende, and prepare the necessary adjusting entry. if any. 6) In the second week of December, Fast Forward agreed to provide 30 days of consulsng services to a iocal fitress club for a fixed fee of $2,700. The terms of the inalal agreement call for Fast Forward to provide setvices from December 12 , through january 10. of 30 days of service. The ctub aprees to pay fast Forward $2,700 on January 10 , when the service period is complete. Revew the unacfusted bolance in Consuling revenue, and prepare the necessary adjusting entry, df any