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I've been staring at this for about an hour now and I still can't figure out what I'm missing. Required information The following information applies
I've been staring at this for about an hour now and I still can't figure out what I'm missing.
Required information The following information applies to the questions displayed below.) A six-column table for JKL Company follows. The first two columns contain the unadjusted trial balance for the company as of July 31. The last two columns contain the adjusted trial balance as of the same date. Unadjusted Trial Balance $ 114, 120 9,000 17,800 6,640 85,000 $ 24,000 11,100 Cash Accounts receivable office supplies Prepaid insurance Office equipment Accum. Depreciation-office equip. Accounts payable Interest payable Salaries payable Unearned consulting fees Long-term notes payable J. Logan, Capital 1. Logan, Withdrawals Consulting fees earned Depreciation expense-Office equip. Salaries expense Interest expense Insurance expense Rent expense office supplies expense Advertising expense Totals 9 26,000 52.000 54,000 Adjusted Trial Balance $ 114,120 22,000 5,000 2,960 85,888 $ 28,000 20.800 2.000 19.000 18,000 52.000 54,000 5,500 188.000 4,000 86,860 3,298 3,680 14.680 12.800 21, 190 $ 381,089 $381.682 5.500 167,080 > 67.860 1.290 14,600 12.290 $ 334,100 $334,180 2(0-1) Prepare JKL Company's income statement for the year ended July 31. 2(0-2) Prepare JKL Company's statement of owner's equity for the year ended July 31. Note: J. Logan, Capital at July 31 of the prior year was $54,000, and the current year withdrawals were $5,500. 2(b) Prepare JKL Company's the balance sheet as of July 31. Complete this question by entering your answers in the law Reg 2A1 Req2A2 Reg 28 Prepare JKL Company's income statement for the year ended July 31. JKL COMPANY Income Statement For Year Ended July 31 Revenues Consulting fees eamed $ 188,000 S 188.000 S 21,190 4.000 Total revenues Expenses Advertising expense Depreciation expense Office equipment Insurance expense Interest expense Oflice supplies expense Rent expense Salaries expense 3,680 3,290 12.800 14,600 86,860 Total expenses Net income 146 420 41.580 s Req2A2 > 2(a-1) Prepare JKL Company's income statement for the year ended July 31 2(a-2) Prepare JKL Company's statement of owner's equity for the year ended July 31. Note: J. Logan, Capital at July 31 of the prior year was $54,000, and the current-year withdrawals were $5,500. 2(b) Prepare JKL Company's the balance sheet as of July 31, Complete this question by entering your answers in the tabs below. Reg 21 Res 242 Reg 28 Prepare JKL Company's statement of owner's equity for the year ended July 31. Note: J. Logan, Capital at July 31 of the prior year was 554.000, and the current year withdrawals were 55,500. JKL COMPANY Statement of Owner's Equity For Year Ended July 31 J. Logan, Capital, July 31 prior year end Add Net income $ 54,000 41.580 95,580 Less Owner withdrawals J. Logan Capital, July 31 current year end 5,500 90.000 $ of 9 Next > Reg 21 Req2A2 Reg 28 Prepare JKL Company's the balance sheet as of July 31. S JKL COMPANY Balance Sheet July 31 Assets Cash Accounts receivable Otice supplies Prepaid insurance office equipment Accumulated depreciation Office equipment 114, 120 22,000 5.000 2.960 $ 85.000 28.000 57.000 201,080 Liabilities S Accounts payable interest payable Salaries payable Uneamed consulting fees Long-term notes payable 20 000 2,000 19.000 18,000 52.000 111,000 Equity Logan, Capital 90.000 Fotal liabilities and equity $ 201.00Step by Step Solution
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