Need assistance with Impact on income tab

The unadjusted trial balance of the Travel Smart Company as of December 31, 2019 is found on the trial balance tab. The following information is required to prepare the necessary adjusting entries for the Travel Smart Company. 1) The balance in Prepaid insurance represents a 24-month policy that went into effect on December 1, 2019. Review the unadjusted balance in Prepaid insurance, and prepare the necessary adjusting entry, if any. 2) Based on a physical count, supplies on hand total $3,750. Review the unadjusted balance in Supplies, and prepare the necessary adjusting entry. if any. 3) The equipment is expected to have a 5-year useful life, and be worth about $12.000 at the end of five years. Review the unadjusted balance in Accumulated depreciation and prepare the necessary adjusting entry to record the monthly depreciation, if any. 4) On December 26, the client paid a $5.400 60-day fee in advance, covering December 27 to February 24. Review the unadjusted balance in Unearned Consulting Revenue and prepare the necessary adjusting entry, if any. 5) Travel Smart's employee earns $110 per day for a five-day workweek beginning on Monday and ending on Friday. The employee was last paid on Friday, December 26. Review the unadjusted balance in Salaries expense, and prepare the necessary adjusting entry, if any. 6) In the second week of December, Travel Smart agreed to provide 30 days of consulting services to a local fitness club for a fixed fee of $3,660. The terms of the initial agreement call for Travel Smart to provide services from December 12, 2019, through January 10. 2020. or 30 days of service. The club agrees to pay Travel Smart $3,660 on January 10, 2020, when the service period is complete. Review the unadjusted balance in Consulting revenue and prepare the necessary adjusting entry, if any. Answer is not complete. General General Income St Owner Requirement Trial Balance Impact on Ledger Journal Statement Balance Sheet Equity income For each adjustment, indicate the income statement and balance sheet account affected, and the impact on net income. If an adjustment caused net income to decrease, enter the amount as a negative value. Net income before adjustments can be found on the income statement tab. (Hint: Select unadjusted on the dropdown.) Adjusted Account affecting the Impact on Adjusting entry related to: Income statement Balance Sheet net income Insurance Insurance expense Prepaid insurance S 4,600 Supplies Supplies expense Supplies Depreciation expense - Accumulated depreciation - Depreciation Equipment Equipment Fees collected in Unearned consulting x Unearned consulting revenue advance Salaries Salaries expense Salaries payable Work performed in Consulting revenue advance Total impact on income due to adjustments IS 4.600 > > revenue olo 0 Answer is not complete. General General Trial Balance Requirement Income St Owner Balance Sheet Impact on Journal Ledger Statement Equity income Use the drop-downs to select the accounts properly included on the balance sheet. The unadjusted or adjusted balances will appear for each account, based on your selection. Include all balance sheet accounts, even those with zero balances. Unadjusted Travel Smart Balance Sheet December 31, 2019 Assets Cash Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation - Equipment ololololo 2,985 0 5.000 4.800 42.000 0 0 Total assets S 54.785 8.200 Liabilities Accounts payable Salaries payable Unearned consulting revenue OOO 0 2 400 Total liabilities 13,600 Equity G. Labeille Capital > 41,185 Total equity 41,185 Total liabilities and equity S 54.785 Answer is not complete. General General Requirement Income Trial Balance St Owner Balance Sheet Impact on Journal Ledger Statement Equity income Use the drop-downs to select the accounts properly included on the income statement. The unadjusted or adjusted balances will appear for each account, based on your selection. Unadjusted Travel Smart Income Statement For Month Ended December 31, 2019 Revenues: Consulting revenue Rental nue ol 7.000 500 S 7,500 1.870 1,200 Total revenues Expenses: Salaries expense Rent expense Utilities expense Depreciation expense - Equipment Supplies expense Insurance expense 345 OOOOOO OOO Total expenses Net income 3.415 4,085 IS Answer is not complete. Requirement General Journal General Ledger Trial Balance Income Statement St Owner Equity Balance Sheet Impact on income Use the drop-downs to select the accounts properly included on the income statement. The unadjusted or adjusted balances will appear for each account, based on your selection. Adjusted Travel Smart Income Statement For Month Ended December 31, 2019 Revenues: Consulting revenue 9,890 Rental revenue 500 Total revenues S 10.390 2.200 1.200 Expenses: Salaries expense Rent expense Utilities expense Depreciation expense - Equipment Supplies expense Insurance expense OOOOOO 345 500 1.250 200 Total expenses Net income 5.895 4,695 IS