Now it is time to make some adjusting journal entries. Based on what you learned in the text using the Sample Company, you are to make the following changes to the Case $1$ company you modified in Chapter $8$:

$1.$ Open and review your previously customized report named Trial Balance $1/31/24.$

$2.$ Record the appropriate adjusting journal entries on $1/31/24$ based on the following:

$*$ An inventory of supplies reveals that only $$75$ of supplies remain as of $1/31/24.$ You$$ll need to add a new Supplies account$$Account Type: Expenses, Detail Type: Supplies & Materials, Name: Supplies.

$*$ Prepaid expenses of $$800$ expired $($representing prepaid rent$)$ in the month of January.

$*$ A bill for $$150$ was received and recorded in the next month for repairs and maintenance consumed in the current month. Create a new liability account as you did earlier in the chapter.

$*$ Consulting services recorded on sales receipt #$1004$ for $$2,500$ to Surf Rider Foundation were never performed even though cash had been received. Thus, the revenue had not been earned. Create a new liability account as you did earlier in the chapter.

$*$ Consulting services of $$8,500$ were performed on the last day of the month for a new customer Blazing Boards but not invoiced to the customer or recorded into the accounting records until a few days into the next month. Create a new asset account as you did earlier in the chapter.

$*$ Depreciation Expense of $$575($$$75$ and $$500$ for Equipment and Furniture & Fixtures, respectively$)$ needed to be recorded for the month. Before recording this journal entry, edit the $$Depreciation$$ expense account so that the new name is $$Depreciation Expense.$$ Also, change the account title for Furniture & Fixtures accumulated depreciation from $$Depreciation$$ to $$Accumulated Depreciation$$ as you did earlier in the chapter. This also needs to be done for the Equipment accumulated depreciation account.

PLEASE PROVIDE THE NEW TRIAL BALANCE, AS YOUR ANSWER.

Note: Picture shown is the PREVIOUS Trial Balance, please update the trial balance with the information shown above. Trial Balance Totals MUST be matched.