1 50 points The unadjusted trial balance for Forever Fitness as December 31 is provided on the trial balance tab. Information for adjustments is as follows: ..As of December 31, employees had earned $1.300 of unpaid and unrecorded salaries. The next payday is January 4, at which time $1,625 of salaries will be paid. b. The cost of supplies still available at December 31 is $1.700. c. The notes payable requires an interest payment to be made every three months. The amount of unrecorded accrued interest at December 31 is $1.250 The next Interest payment, at an amount of $1,500, is due on January 15. d. Analysis of the uneared member fees account shows $2,400 remaining unearned at December 31, e. In addition to the member fees included in the revenue account balance, the company has earned another $10,000 in unrecorded fees that will be collected on January 31. The company is also expected to collect $11.000 on that same day for new fees earned in January 1. Depreciation expense for the year is $21.200 Requirement General Journal General Ledger Trial balance Income Statement St Owners Equity Balance Sheet Post Closing Prepare the required adjusting entries and closing entries for Forever Fitness. View transaction list Journal entry worksheet Help Save Requirement General Journal General Ledger Trial Balance Income Statement St Owners Equity Balance Sheet Post Closing Use the drop-downs to select the accounts properly included on the income statement. The unadjusted, adjunted, or post-closing balances will appear for each account, based on your selection. Unadjusted FOREVER FITNESS Income Statement For Year Ended December 31 Revenues $ 0 0 Expenses 0 0 0 0 0 Net income $ 14 UiZ Requirement General Journal General Ledger Trial Balance Income Statement St Owners Equity Balance Sheet Post Gosing 1 The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Unadjusted 50 points FOREVER FITNESS Statement of Owner's Equity For Year Ended December 31 J. Carey, Capital, December 31 $ 114,000 Unadjusted FOREVER FITNESS Balance Sheet December 31 ASSETS Current assets: 0 0 0 0 Plant assets: LIABILITIES AND EQUITY Current liabilities: $ 0 0 0 $ Noncurrent liabilities: Equity General General Income St Owners Requirement Trial Balance Joumel Ledger Statement Balance Sheet Post Closing Equity Begin by selecting "Post-closing from the drop-down below. Then, for each account, use the drop-down to indicate whether the account is included on the post-closing trial balance. Based on your decisions, the post-closing trial balance will be created. Compare your results with the Trial Balance tab. Unadjusted Included on Pontcloning tha balance Type of Account Account Post cloning Trial Balance Dr. Cash Accounts receivable Supplies Equipment Accumulated depreciation - Equipment Interest payable Salaries payable Uneamed member fees Long-term notes payable J. Carey, Capital J. Carey, Withdrawals Member fees eamed Depreciation expense - Equipment Salaries expense Interest expense Supplies expense Totals 0 0
