he Unadjusted Trial Balance for Hawkeye Ranges as of December 31 is presented in requirement 1. The following additional information relates to the required year-end adjustments. a. As of December 31, employees had earned $1,062 of unpaid and unrecorded salaries. The next payday is January 4, at which time $1,890 of salaries will be paid. b. The cost of supplies still available at December 31 is $3,198. c. The notes payable requires an interest payment to be made every three months. The amount of unrecorded accrued interest at December 31 is $1,175. The next interest payment, at an amount of $1,410, is due on January 15. d. Analysis of the unearned member fees account shows $6,634 remaining unearned at December 31. e. In addition to the member fees included in the revenue account balance, the company has earned another $10,681 in unrecorded fees that will be collected on January 31. The company is also expected to collect $8,000 on that same day for new fees earned in January f. Depreciation expense for the year is $15,080. Required: 1. Complete the six-column table by entering adjustments that reflect the above information. 2. Prepare journal entries for the adjustments entered in the six-column table for Requirement 1. 3. Prepare journal entries to reverse the effects of the adjusting entries that involve accruals. 4. Prepare journal entries to record the cash payments and cash collections described for January. (Assume reversing entries were prepared.) Required 1 Required 2 Required 3 Required 4 Complete the six-column table by entering adjustments that reflect the above information. Adjustments Dr. Cr. Adjusted Trial Balance Dr. Cr. Account Title Cash Accounts receivable Supplies Equipment Accumulated depreciation-Equipment Interest payable Salaries payable Unearned member fees Notes payable P. Hawkeye, Capital P. Hawkeye, Withdrawals Member fees earned HAWKEYE RANGES Partial Work Sheet December 31 Unadjusted Trial Balance Dr. Cr. 15,400 0 6,514 157,080 $ 30.159 0 0 16.586 47,000 82,217 23.100 62,832 Depreciation expense-Equipment Salaries expense Interest expense Supplies expense Totals 0 33,175 3,525 $ 238,794 238,794 $ 0 $ 0 $ 0 $ Required 1 Required 2 Required 3 Required 4 Prepare journal entries for the adjustments entered in the six-column table for Requirement 1. View transaction list Journal entry worksheet < 1 2 3 4 5 6 > As of December 31, employees had earned $1,062 of unpaid and unrecorded salaries. The next payday is January 4, at which time $1,890 of salaries will be paid. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal Required 1 Required 2 Required 3 Required 4 Prepare journal entries for the adjustments entered in the six-column table for Requirement 1. View transaction list Journal entry worksheet < 1 2 3 4 5 6 > The cost of supplies still available at December 31 is $3,198. Note: Enter debits before credits. General Journal Debit Credit Transaction b. Record entry Clear entry View general journal Required 1 Required 2 Required 3 Required 4 Prepare journal entries for the adjustments entered in the six-column table for Requirement 1. View transaction list Journal entry worksheet < 1 2 2 3 3 4 5 6 > The notes payable requires an interest payment to be made every three months. The amount of unrecorded accrued interest at December 31 is $1,175. The next interest payment, at an amount of $1,410, is due on January 15. Note: Enter debits before credits. Transaction General Journal Debit Credit C. Record entry Clear entry View general journal Required 1 Required 2 Required 3 Required 4 Prepare journal entries for the adjustments entered in the six-column table for Requirement 1. View transaction list Journal entry worksheet < 1 2 3 4 5 6 > Analysis of the unearned member fees account shows $6,634 remaining unearned at December 31. Note: Enter debits before credits. Transaction General Journal Debit Credit d. Record entry Clear entry View general journal Required 1 Required 2 Required 3 Required 4 Prepare journal entries for the adjustments entered in the six-column table for Requirement 1. View transaction list Journal entry worksheet < 1 2 3 4 5 6 > In addition to the member fees included in the revenue account balance, the company has earned another $10,681 in unrecorded fees that will be collected on January 31. The company is also expected to collect $8,000 on that same day for new fees earned in January. Note: Enter debits before credits. Transaction General Journal Debit Credit e. Record entry Clear entry View general journal Required 1 Required 2 Required 3 Required 4 Prepare journal entries for the adjustments entered in the six-column table for Requirement 1. View transaction list Journal entry worksheet < 1 2 3 4 5 6 Depreciation expense for the year is $15,080. Note: Enter debits before credits. General Journal Debit Credit Transaction f. Record entry Clear entry View general journal Required 1 Required 2 Required 3 Required 4 Prepare journal entries to reverse the effects of the adjusting entries that involve accruals. (If no reversing entry is required, select "No reversing entry required.") View transaction list Journal entry worksheet < 1 2 3 4 5 6 > Prepare reversing entry related to unrecorded salaries, if any. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal Required 1 Required 2 Required 3 Required 4 Prepare journal entries to reverse the effects of the adjusting entries that involve accruals. (If no reversing entry is required, select "No reversing entry required.") View transaction list Journal entry worksheet < 1 N 3 4 5 6 > Prepare reversing entry related to supplies, if any. Note: Enter debits before credits. General Journal Debit Credit Transaction b. Record entry Clear entry View general journal Required 1 Required 2 Required 3 Required 4 Prepare journal entries to reverse the effects of the adjusting entries that involve accruals. (If no reversing entry is required, select "No reversing entry required.") View transaction list Journal entry worksheet < 1 2 3 4 5 6 > Prepare reversing entry related to interest on the note, if any. Note: Enter debits before credits. Transaction General Journal Debit Credit C. Record entry Clear entry View general journal Required 1 Required 2 Required 3 Required 4 Prepare journal entries to reverse the effects of the adjusting entries that involve accruals. (If no reversing entry is required, select "No reversing entry required.") View transaction list Journal entry worksheet < 1 2 3 4 5 6 > Prepare reversing entry related to unearned member fees, if any. Note: Enter debits before credits. Transaction General Journal Debit Credit d. Record entry Clear entry View general journal Required 1 Required 2 Required 3 Required 4 Prepare journal entries to reverse the effects of the adjusting entries that involve accruals. (If no reversing entry is required, select "No reversing entry required.") View transaction list Journal entry worksheet < 1 2 3 4 5 6 > Prepare reversing entry related to unrecorded fees, if any. Note: Enter debits before credits. Transaction General Journal Debit Credit e Record entry Clear entry View general journal Required 1 Required 2 Required 3 Required 4 Prepare journal entries to reverse the effects of the adjusting entries that involve accruals. (If no reversing entry is required, select "No reversing entry required.") View transaction list Journal entry worksheet < 1 2 3 4 5 6 > Prepare reversing entry related to depreciation, if any. Note: Enter debits before credits. Transaction General Journal Debit Credit f. Record entry Clear entry View general journal Required 1 Required 2 Required 3 Required 4 Prepare journal entries to record the cash payments and cash collections described for January. (Assume reversing entries were prepared.) (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 6 > As of December 31, employees had earned $1,062 of unpaid and unrecorded salaries. The next payday is January 4, at which time $1,890 of salaries will be paid. Note: Enter debits before credits. General Journal Debit Credit Date Jan 04 Record entry Clear entry View general journal Required 1 Required 2 Required 3 Required 4 Prepare journal entries to record the cash payments and cash collections described for January. (Assume reversing entries were prepared.) (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 > The cost of supplies still available at December 31 is $3,198. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal Required 1 Required 2 Required 3 Required 4 Prepare journal entries to record the cash payments and cash collections described for January. (Assume reversing entries were prepared.) (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 3 4 5 6 > The notes payable requires an interest payment to be made every three months. The amount of unrecorded accrued interest at December 31 is $1,175. The next interest payment, at an amount of $1,410, is due on January 15. Note: Enter debits before credits. General Journal Debit Credit Date Jan 15 Record entry Clear entry View general journal Required 1 Required 2 Required 3 Required 4 Prepare journal entries to record the cash payments and cash collections described for January. (Assume reversing entries were prepared.) (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 > Analysis of the unearned member fees account shows $6,634 remaining unearned at December 31. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal Required 1 Required 2 Required 3 Required 4 Prepare journal entries to record the cash payments and cash collections described for January. (Assume reversing entries were prepared.) (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 > In addition to the member fees included in the revenue account balance, the company has earned another $10,681 in unrecorded fees that will be collected on January 31. The company is also expected to collect $8,000 on that same day for new fees earned in January. Note: Enter debits before credits. General Journal Debit Credit Date Jan 31 Record entry Clear entry View general journal Required 1 Required 2 Required 3 Required 4 Prepare journal entries to record the cash payments and cash collections described for January. (Assume reversing entries were prepared.) (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 > Depreciation expense for the year is $15,080. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal