Help The unadjusted trial balance of the Mobility solutions Comp as of December 31, found on the trial balance tab The following information is required to prepare the necessary adjusting entries for the Mobiity Company. The balance in Prepaid insurance represents a month policy that into effect on December 1, Review the unadjusted balance in Prepaid insurance, and prepare the necessary adjusting entry, if any. Based on a physical count, supplies on hand total $4.650. Review the unadjusted balance in supplies, and prepare the necessary adjusting 3 equipment is expected to have a 4-year useful life, and be worth about sto ooo at the end of four years. Review the unadjusted balance in Accumulated depreciation, and prepare the necessary adjusting entry to record the monthly depreciation, any. 4) On December client paid a $9,000 fee in advance. covering December 27 to February 24. Review the unadjusted balance in Unearned Consulting Revenue, and prepare the necessary adjusting entry. if any. 5) Mobility Solutions's employee earns $160 per day for a five-day workweek beginning on Monday and ending on Friday The employee was last paid on Friday, December 26. Review the unadjusted balance in Salaries expense, and prepare the necessary adjusting entry, any. 6) In the second week of December, Mobility solutions agreed to provide 30 days of consulting services to a local ftness club for a fixed fee of $3.900. The terms of the initial agreement call for Mobility Solutions to provide services from December 12, 2017 through January 10, 2018, or 30 days of service. The club agrees to pay Mobility Solutions $3.900 on January when the service period is complete. Review the unadjusted balance in Consulting revenue, and prepare the necessary adjusting entry if any or each adjustment, indicate the income statement and balance sheet account amected, and the impact on net If an adjustment used net income to decrease, enter the amount as a negative value. Net income djustments can be found on the income statement tab. (Hint: Select unadjusted on the dropdown.) Help The unadjusted trial balance of the Mobility solutions Comp as of December 31, found on the trial balance tab The following information is required to prepare the necessary adjusting entries for the Mobiity Company. The balance in Prepaid insurance represents a month policy that into effect on December 1, Review the unadjusted balance in Prepaid insurance, and prepare the necessary adjusting entry, if any. Based on a physical count, supplies on hand total $4.650. Review the unadjusted balance in supplies, and prepare the necessary adjusting 3 equipment is expected to have a 4-year useful life, and be worth about sto ooo at the end of four years. Review the unadjusted balance in Accumulated depreciation, and prepare the necessary adjusting entry to record the monthly depreciation, any. 4) On December client paid a $9,000 fee in advance. covering December 27 to February 24. Review the unadjusted balance in Unearned Consulting Revenue, and prepare the necessary adjusting entry. if any. 5) Mobility Solutions's employee earns $160 per day for a five-day workweek beginning on Monday and ending on Friday The employee was last paid on Friday, December 26. Review the unadjusted balance in Salaries expense, and prepare the necessary adjusting entry, any. 6) In the second week of December, Mobility solutions agreed to provide 30 days of consulting services to a local ftness club for a fixed fee of $3.900. The terms of the initial agreement call for Mobility Solutions to provide services from December 12, 2017 through January 10, 2018, or 30 days of service. The club agrees to pay Mobility Solutions $3.900 on January when the service period is complete. Review the unadjusted balance in Consulting revenue, and prepare the necessary adjusting entry if any or each adjustment, indicate the income statement and balance sheet account amected, and the impact on net If an adjustment used net income to decrease, enter the amount as a negative value. Net income djustments can be found on the income statement tab. (Hint: Select unadjusted on the dropdown.)
