please fill in the journaling with explaination
Problem 3-7A Adjusting entries (monthly) LO4 Wedona Energy Consultants prepares adjusting entries monthly. Based on an analysis of the unadjusted trial balance at January 31, 2023, the following information was available for the preporation of the January 31, 2023, month-end adjusting entries: a. Equipment purchased on November 1 of this accounting period for $32:160 is estimated to have a useful life of 4 years. After 4 years of use, it is expected that the equipment will be scrapped due to technological obsolescence. b. Of the $12.100 balance in Unearned Consuling Revenve, $9,400 had been earned. c. The Prepaid Rent account showed a balance of $15,600. This was paid on January 1 of this accounting period and represents six months of rent commencing on the same date. d. Accrued wages at January 31 totallend $19,200. e. One month of interest had accrued at the rate of 3% per year on a $56,000 note payable. f. Unrecorded and uncollected consulting revenues at month-end were $6,500. 9. A $4,140 insurance policy was purchased on April 1 of the current accounting period and dobited to the Prepaid lnsurance account. Coverage began Aprili 1 for 18 months: h. The monthly depreciation on the office furniture was $660. 1. Repoir revenees occrued at month-end totalled $4,100. j. The Store Supplies account had a belance of $870 at the beginning of January. During January, $1,850 of supplies were purchased and debited to the Store Supplies account. At month-end, a count of the supples revealed a boiance of $720. Assume Wedono Energy uses the straight-line method to depreciate its assets. Required: Prepare adjusting journal entries for the month ended January 31, 2023, based on the obove. repare adjusting journal entries for the month ended January 31, 2023, based on the above. Journal entry worksheet Journal entry worksheet Assume Wedona Energy uses the straight-line method to depreciate its assets. Required: Prepare adjusting journal entries for the month ended January 31, 2023, based on the above. Journal entry worksheet Required: Prepare adjusting journal entries for the month ended January 31, 2023, basod on the above. Journal entry worksheet Assume Wedona Energy uses the straight-ine method to depreciate its assets. Required: Prepare adjusting journal entries for the month ended January 31, 2023, based on the above. Inurnal entrv worksheet Assume Wedona Energy uses the straight-line method to depreciate its assets. Required: Prepare adjusting journal entries for the month ended January 31, 2023, based on the above. Journal entry worksheet Required: Prepare adjusting journal entries for the month ended January 31, 2023, based on the above. Journal entry worksheet Required: Prepare adjusting journal entries for the month ended January 31, 2023, based on the above. Journal entry worksheet Note: Enter ceals berore creats Assume wedona energy uses the straight-line method to depreciate its assets. Required: Prepare adjusting journal entries for the month ended January 31, 2023, based on the above. Journal entry worksheet Required: Prepare adjusting journal entries for the month ended January 31, 2023, based on the above
