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Jordon James started JJ Consulting on January 1. The following are the account balances at the end of the first month of business, before adjusting
Jordon James started JJ Consulting on January 1. The following are the account balances at the end of the first month of business, before adjusting entries were recorded: $300 Accounts Payable Accounts Recelvable 750 6,300 4,925 7,000 Cash Consulting Revenue Equipment Common Stock Dividends Prepaid Rent Supplies 15,000 1,375 4,000 800 Adjustment data: 1. Supplies on hand at the end of the month, $200 2. Unbilled consulting revenue, $700 3. Rent expense for the month, $1,000 4. Depreciation on equipment, $90 a. Prepare the required adjusting entries. If an amount box does not require an entry, leave it blank. 1. LEA 2. 3. b. Prepare an adjusted trial balance for JJ Consulting as of January 31. If an amount box does not require an entry, leave it blank. JJJ Consulting Adjusted Trial Balance January 31 Accounts Debit Credit b. Prepare an adjusted trial balance for JJ Consulting as of January 31. If an amount box does not require an entry, leave it blank. JJJ Consulting Adjusted Trial Balance January 31 Accounts Debit Credit Totals
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