peflormance Aproblem 4-13A Adjusting, reversing, and subsequent cash entries 107 The undiused tral balance for Lewis Fitness Centre as of December a1 : Information necessary to prepare adjusting entries is as follows 2. As of December 31, employees have earned $1,600 of unpuid and unreconded wages. The next payday is anuary 8 , and the total wages to be paid will be $2400 b. The cost of supplies on hand at December 31 is $3,600. c. The note payahle requires an interest payment to be made every three months The amount of unreconded accrued interes at December 31 is $2,500, and the next payment is due on fanury 15 . This payment will be $3,000. d. An analys of the unearned membership revenue shows that $32,000 remains uneamed at December 31 . e. In addition to the membership revenue included in the revenue account, the company has earned another $24,000 in feventue that will be collected on January 21 . The compuny is also expected to collect $14,000 on the same day for new revenue during lanuary. f. Depreciation expense for the year is $30,000 Required 1. Prepure adjusting journal entries. 2. Prepare journal entries to reverse the effects of the adjusting entries that involve accruals 3. Prepare fournal entries to record the cash payments and collections that are described for fanury. "Problem 4-14A Complering a work sheet LO7 eXcel CHECK FIGURE: 3. Adjusted trial balance columns =$646.265 peflormance Aproblem 4-13A Adjusting, reversing, and subsequent cash entries 107 The undiused tral balance for Lewis Fitness Centre as of December a1 : Information necessary to prepare adjusting entries is as follows 2. As of December 31, employees have earned $1,600 of unpuid and unreconded wages. The next payday is anuary 8 , and the total wages to be paid will be $2400 b. The cost of supplies on hand at December 31 is $3,600. c. The note payahle requires an interest payment to be made every three months The amount of unreconded accrued interes at December 31 is $2,500, and the next payment is due on fanury 15 . This payment will be $3,000. d. An analys of the unearned membership revenue shows that $32,000 remains uneamed at December 31 . e. In addition to the membership revenue included in the revenue account, the company has earned another $24,000 in feventue that will be collected on January 21 . The compuny is also expected to collect $14,000 on the same day for new revenue during lanuary. f. Depreciation expense for the year is $30,000 Required 1. Prepure adjusting journal entries. 2. Prepare journal entries to reverse the effects of the adjusting entries that involve accruals 3. Prepare fournal entries to record the cash payments and collections that are described for fanury. "Problem 4-14A Complering a work sheet LO7 eXcel CHECK FIGURE: 3. Adjusted trial balance columns =$646.265