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please helps Questom 1(Compulsory) Allied Architects adjusts its books each month and closes its books at the end of the year (31 December). The trial

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Questom 1(Compulsory) Allied Architects adjusts its books each month and closes its books at the end of the year (31 December). The trial balance at 31 January 2020, before adjustments are as follows: Debit Credit Cash $39,645 Accounts Receivable 27,000 Prepaid Insurance 3,375 Prepaid Advertising 7.560 Equipment 64,800 Accumulated Depreciation Equipment $21,600 Uneamed Consulting Fees 17.550 Income Taxes Payable 15,840 Share Capital 18,900 Retained Eamings 23.850 Consulting Fees Earned 78,570 Salaries Expense 28,800 Utilities Expense 1,080 Rent Expense 4.050 $176310 $176310 The following information relates to month-end adjustments (January 2020): {a) According to contacts.consulting fees received in advance that were enmed in January total $6,500 (b) on 1 January 2020, the company paid in advance for 5 months' advertising expense (prepaid advertising). (e) On 31 January 2020, 675 prepaid insurance expired (d) The equipment has 10 years estimated useful life. (e) Performed consulting services on account for $200 on 31 January 2020 and have not billed and recorded. (1) Allowance for doubtful account should have a balance of 20000 31 January 2020 Required (a) Prepare the journal entries for the above morth-end adjustments (b) Prepare the income statement for the month and January 31, 2020, (e) Prepare the classified statement of financial position for January 31, 2020

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