Hi chegg staff, please use the sheets below to help me create an adjusted trial balance sheet. Thank you.

Adjusting Entries Exercise Step 1: Use the seven Adjusting Entry Accounting events on Module Homework 6-4 to complete seven adjusting entries on Module Homework 6-5. Complete this step in full before moving to Step 2. There are points attached for neatness, accuracy and following instructions: Skip a line between entries on page 6-5. Use pencil only. No pen. Date the entries using the appropriate dating method that should be used for recording AJES. Wooly Consulting was for the month of June. Use the provided Trial Balance to find any account balances needed for adjusting such as Prepaid Insurance and Supplies Do not use an account that is not on the provided Trial Balance. Each item being depreciated has its very own A/D account, but you need use only one Depreciation Expense account. Unearned revenue is a category for various types of unearned revenue liabilities. You must specify the actual unearned revenue account. In this case it is Unearned Fees. Revenue is a category for various types of revenue. Recall that Consulting Fees is the revenue account for Wooly Interest rate on the loan for the car was 10% APR. Recall PxRxT = Interest Cost Watch for the rounding rules as provided. Step 2: Complete the table on the back of Module Homework 6-5 (pg. 6-6). Complete this step in full before moving to Step 3. Step 3: Post the AJEs you created on Module Homework 6-5 to the provided "Trial Balance to Adjusted Trial Balance Worksheet" on the other side of this page. Post the amounts to the appropriate "Adjustments - AJES" column. If an account was debited in the AJE, you would place it in the Dr. column of the work sheet for the given account. Step 4: On the "Trial Balance to Adjusted Trial Balance Worksheet" combine the 'Trial Balance" amounts with the effects of the adjustments in the "Adjustments - AJE's" column and place the amounts in the appropriate "Adjusted Trial Balance" columns. Think in terms of how the T-account for the account would work here Adjusting Entries Application This is an in-class exercise. You should not start it before class. You are the Accountant for Wooly Consulting. Jim sits down with you and provides the following information. Prepare adjusting entries in a General Journal (page supplied at Homework page 6-4 following) from the transactions provided below. For reference, you will need pages Module Homework 4 Homework Pages you used earlier for this project. You are preparing adjusting entries for the one month period ended June 30, 20XX. Normally this would be the sequence of step in the process: 1 Prepare Adjusting Entries for the seven transactions below using the General Journal provided on Homework 6-5 that follows this page. 2. Post the amounts from these entries in your General Journal to the General Ledger used earlier in Module 4 for this project. 3 Find new account balances for the General Ledger accounts after posting all of the transactions 4. Prepare an Adjusted Trial Balance from the General Ledger, only after posting has been completed, using page Homework page 6-7. Your Instructor will provide you guidance on how to complete the above elements. To better understand the purpose of AJEs and how they fit into the cycle, complete the following requirements In addition to your Instructors directions: You should complete the following in the table on Module Homework page 6-6: 1. What financial statements were affected by each entry? Number your answer to correspond to the number of the adjusting events above. 2. Indicate whether the entry is an accrual adjusting entry, or a deferral adjusting entry. Adjusting Entry Events: 1. Jim recalls finishing up a job search for Mack Brown. He forgot to bill Mack the $980. 2. Hoops had worked 8 ($10/hr.) hours as of the end of June. He will not be paid until July 5. 3. An inspection of the insurance policy purchased from No State Insurance on June 12 indicates that it is a 12 month policy that included coverage for the entire month of June. Recall it was $2,400 for 12 months coverage. 4. Jim brought in the water bill for June, dated July 10 for $64. The bill is due upon receipt 5. Jim counted the supplies remaining in the supply cabinet. The supply cabinet physical count reveals that there is only $80 of supplies remaining. 6. The last payment on the note was on June 21. As of June 30, 9 days of interest at 10%, has accrued but not yet been paid. (Round the result to the nearest dollar.) 7. The car is considered to have a useful life of 48 months with $3,920 salvage value. The computer and equipment is considered to have a 3 year life (36 months) with no salvage value. Round your calculation results to the nearest whole dollar. Assume Wooly had the asset for the entire month. Adjusting Entries Application Continued 1. What financial statements were affected by each entry? Number your answer to correspond to the number of the adjusting events above. 2. Indicate whether the entry is an accrual adjusting entry, or a deferral adjusting entry. Financial Statements Affected Accrual or Deferral Event 1. 2. 3. 4. 5. 6. 7. Module Homework 6-6 Adjusted Trial Balance Cr. Dr. Trial Balance to Adjusted Trial Balance Worksheet. Adjustments - Trial Balance AJES Accounts Dr. Cr. Dr. Cr. Cash 1979 Accounts Receivable (A/R) 5300 Supplies 240 Prepaid Insurance 2400 Computer / Equipment 5100 Accumulated Depreciation Equip. Car 20000 Accumulated Depreciation Car Accounts Payable (A/P) 880 Salary Payable Interest Payable Note Payable (N/P) 15448 Credit Card Payable Unearned Fees Consulting Fees 9800 Salary Expense 1200 Utility Expense 500 Supply Expense 100 Interest Expense 89 Gas Expense 55 620 Advertising Expense Travel Expense 445 Insurance Expense Depreciation Expense Capital 12200 Withdrawals 300 Totals 38.328 38.328