On July 31, 20X1, after one month of operation, the general ledger of Michael Domenici, Consultant, contained the accounts and balances given below. $ 24,560 or 1,250 Dr. 770 or 7,550 Dr 1,080 or 324 DE 12,461 or 5,635 Dr. 15,800 Cr 3,600 Cr ACCOUNTS AND BALANCES Cash Accounts Receivable Supplies Prepaid Rent Prepaid Insurance Prepaid Advertising Furniture Accumulated Depreciation Furniture Equipment Accumulated Depreciation Equipment Notes Payable Accounts Payable Interest Payable Unearned Accounting Fees Michael Donenici, Capital Michael Donenici, Drawing Accounting Fees Salaries Expense utilities Expense Telephone Expense Supplies Expense Rent Expense Insurance Expense Advertising Expense Depreciation Expense Furniture Depreciation Expense-Equipnent Interest Expense 3,720 Cr 27,200 Cr Dr. 7,100 Cr 2,300 Dr. 175 Dr. 115 Dr. ADJUSTMENTS a. On July 31, an inventory of the supplies showed that items costing $535 were on hand. Check my work 7 Depreciation Expense-Equipment Interest Expense ADJUSTMENTS a. On July 31, an inventory of the supplies showed that ems costing $535 were on hand b. On July 1, the firm paid $7,650 in advance for six months of rent c. On July 1, the firm purchased a one-year Insurance policy for $1080 d. On July 1, the firm paid $324 for four months of advertising. The ads began running in July e. On July 1, the firm purchased office furniture for $12.461. The furniture is expected to have a useful life of eight years and a salvage value of $1,325 t. On July 1 the firm purchased office equipment for $5,635 The equipment is expected to have a useful for five years and a salvage value of $1,375 9. On July 1, the firm issued a three-month, 8 percent note for $6.000 h. On July 1, the firm received a consulting fee of $3.720 in advance for a one-year period Pot Required: 1. Prepare a partial worksheet with the following sections Trial Balance Adjustments, and Adjusted Trial Balance Use the data about the firm's accounts and balances to complete the Trial Balance section 2. Enter the adjustments described above in the Adjustments section 3. Complete the Adjusted Trial Balance section Analyze By what total amount were the expense accounts of the business adjusted? Complete this question by entering your answers in the tabs below Partin Michal Domenici, consultant Partial Worksheet Month Ended: July 31, 20X1 Trial Balance Agustments Debit Credit Debit Credit Adjusted Trial Balance Debit Credit Account Name cash Accounts Recite Supples Prepaid Rent Prepaid insurance Prepaid Advertising Furniture Accumulated Depreciation Fumiture Equipment Accumulated Depreciation Equipment Notes Payable Accounts Payable hereat Payatile Uneared Accounting Fees Michael Domenic Capital Michael Domenic Drawing Accounting Fees Salaries Expense Us Expense Telephone Expense . Accounts Payable Interest Payable Unearned Accounting Fees Michael Domenici, Capital Michael Domenici, Drawing Accounting Fees Salaries Expense Us Expense Telephone Expense Supplies Expense Rent Expense Insurance Expense Advertising Expense Depreciation Expenses Furniture Depreciation Expense-Equipment Interest Expense Totals $ $ 0 DS 05 os OS POWER Analyze > ei ule ujustmer above in the Adjustments section 3. Complete the Adjusted Trial Balance section. Analyze: By what total amount were the expense accounts of the business adjusted? Complete this question by entering your answers in the tabs below. Partial Worksheet Analyze By what total amount were the expense accounts of the business adjusted? Expense accounts adjusted by
