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my page is telling me that the answer is not complete, what do i need to adjust and how so that the problem will be
my page is telling me that the answer is not complete, what do i need to adjust and how so that the problem will be complete and correct?
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 $ 118,860 9,000 17,200 7,240 80,000 $ 25,000 8,100 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 J. Logan, Withdrawals Consulting fees earned Depreciation expense-Office equip. Salaries expense Interest expense Insurance expense Rent expense Office supplies expense Advertising expense Totals 22,000 60,000 56,000 Adjusted Trial Balance $ 118,860 20,500 3,500 3,360 80,000 $ 34,000 14,000 2,000 13,000 14,000 60,000 56,000 6,500 183,500 9,000 80,860 3,240 3,880 14,680 13,700 18,420 $376,500 $376,500 6,500 164,000 67,860 1,240 0 14,680 0 12,520 $ 335,100 $335,100 Required: 1. Analyze the differences between the unadjusted and adjusted trial balances to determine the adjustments that likely were made. Show the results of your analysis by entering these adjustment amounts in the cells provided. Answer is not complete. Adjustments Unadjusted Trial Balance $ 118,860 9,000 11,500 Adjusted Trial Balance $ 118,860 20,500 3,500 3,360 17,200 7,240 80,000 13,700 3,880 80,000 $ $ 9,000 5,900 2,000 13,000 34,000 14,000 2,000 25,000 8,100 0 0 22,000 60,000 56,000 13,000 Account Cash Accounts receivable Office supplies Prepaid insurance Office equipment Accumulated depreciationOffice equipment Accounts payable Interest payable Salaries payable Unearned consulting fees Long-term notes payable J. Logan, Capital J. Logan, Withdrawals Consulting fees earned Consulting fees earned (Unearned fees adjusted) Depreciation expense-Office equipment Salaries expense Interest expense Insurance expense Rent expense Office supplies expense Advertising expense Totals 8,000 14,000 60,000 56,000 6,500 6,500 164,000 183,500 9,000 67,860 1,240 9,000 13,000 2,000 3,880 80,860 3,240 0 3,880 14,680 0 12,520 335,100 13,700 5,900 66,980 14,680 13,700 18,420 $ 376,500 $ $ 335,100 $ $ 47,480 $ 376,500Step by Step Solution
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