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I need assistance with this: A six-column table for JKL Company follows. The first two columns contain the unadjusted trial balance for the company as

I need assistance with this:

A six-column table for JKL Company follows. The first two columns contain the unadjusted trial balance for the company as of July 31, 2017. The last two columns contain the adjusted trial balance as of the same date.

Required

1. Analyze the differences between the unadjusted and adjusted trial balances to determine the eight adjustments that likely were made. Show the results of your analysis by inserting these adjustment amounts in the table's two middle columns. Label each adjustment with a letter a through h and provide a short description of each.

2. Use the information in the adjusted trial balance to prepare the company's (a) income statement and its statement of owner's equity for the year ended July 31, 2017 [Note: J. Logan, Capital at July 31, 2016, was $40,000, and the current-year withdrawals were $5,000], and (b) the balance sheet as of July 31, 2017.

Account Unadjusted Trial Balance Adjustments Adjusted Trial Balance

Cash $84,550 $84,550

Accounts receivable11,000 25,000

Office supplies17,800 3,000

Prepaid insurance 8,140 3,360

Office equipment 88,000 88,000

Accumulated depreciationOffice equipment

$24,000

$32,000Accounts payable

11,100

12,000Interest payable

0

2,500Salaries payable

0

5,000Unearned consulting fees

20,000

16,000Long-term notes payable

50,000

50,000Common stock

27,600

27,600Retained earnings

18,400

18,400Dividends10,000

10,000

Consulting fees earned

164,000

182,000Consulting fees earned (Unearned fees adjusted)

Depreciation expenseOffice equipment 0

8,000

Salaries expense67,240

72,240

Interest expense1,270

3,770

Insurance expense0

4,780

Rent expense14,660

14,660

Office supplies expense0

14,800

Advertising expense12,440

13,340

Totals$315,100$315,100

$345,500$345,500

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