prepare an adjusted trail balance:

Account No. 101 Cred Balance Det 2,400 Gu1 95,000 IGJ1 GJ1 12,000 GUZ 104 Cash Torte Explanation yusup Page 1/Oct ssued shares 1/Oct Prepaid for rent 1/Oct Received payment for consulting in advance 6/Oct Earred and received contulang revenue 13/Oct Paid for repairs to computers 13/Oct Paid for dinner with client 25/Oct Received customer payment 25/Oct Paid cash for salaries 26/Oct arred and received consulting revenue 31/Oct Paid bill for utilities expense 31/Oct Dividends GU 100 130 283,500 281,100 293,900 294,004 293,904 293.774 307,302 298,302 298,925 298,425 286,675 13,528 GJA GUZ GUE GUE GJE G.4 9,000 500 11,750 Account No. 106 Accounts Receivable UNU 30 Sep Ppening balance 2/Oct Cated consulrg revenue 7/Oct red consulting revenue 25/Oct Received customer payment GJ1 G. GUZ 13,528 14,240 67.000 80,528 94,768 81,240 13,528 Prepaid Rent Explanation Account No. 131 Credit Balance Date Debt 2,90 Preporum Computers Explanation Account No. 151 Credit Balance Debit Date watu porno Accumulated Depreciation, Computers Explanation Ppor U Account No. 152 Credit Bande Date Jusu Debit Equipment Explanation Date Debit Account No. 167 Credit Balance 13,200 Reveren Account No. 201 Cred Balance Accounts Payable Date Explanation JUM Pune 20ct Received equipment HELLERE 25/Oct Received bil for utos expense 27/Oct Received bil for advertising expense 31/Oc: Paid bil for utilities expense GJI GU 13,200 500 700 99,700 100,200 100.900 100.400 GUE 500 Date Unearned Consulting Revenue Explanation RUCE prema og VICE Debt Account No. 230 Credit Balance TZ.UUU 12,UUU IS Share Capital Explanation Account No. 301 Credit Balance Debt Date Juan per un 1/Octssued shares GJI 95,000 191,500 Dividends Explman UN Account No. 302 Cro 11.750 31/Oct Pividends Retained Earrings Expremium UN ww Account No. 318 CE 09.000 30/Sep Ppening balance Account No. 403 Consulting Revenue Eamed EXEINHEINH 20c! Famed consuling revenue B/Oct arred and received consuling revenue HERRER 7/Oct Earred consulting revenue 26/Oct Famed and received consuling revenue GU1 G2 GUZ GUE 13,528 104 14,240 623 13,528 13,832 27.872 28,495 Salaries Expanse Explanation Account No. 822 Credit Balance Date ZO Pour Debt SU Se Advertising Expense Explanation RUCU HUSUMMA Account No. 855 Credit Balance Date Deb Food and Drinks Expense Explanation Account No. 868 Credit Balance Debit Date TOCH IS. Repair Expense Explanation Account No. 814 Credit Balance Date IMUN Debt PAW 19.4 Ultes Expense Explanation FELHIFE LX Account No. 000 Credit Balance Date Debit Phantom Consulting Inc. Unadjusted Trial Balance October 31, 2014 Cash......... Accounts receivable Prepaid rent ........ Computers .......... Accumulated depreciation, computers Equipment........... Accounts payable ............ Unearned consulting revenue, Share capital............ Dividends ........... Retained earnings ............ Consulting revenue earned. Salaries expense....... Advertising expense Food and drinks expense. ..... Repair expense Utilities expense Totals Debit Credit 286,675 81,240 2,400 21,000 4,500 13,200 100,400 12,800 191,500 11,750 89,000 28,495 9,000 700 130 100 500 426,695 426,695 Page Gj1 Debit Credit 95,000 95,000 Page GJ2 Debit Credit 104 104 2,400 2,400 14,240 14,240 12,800 General Journal Date Account/Explanation 1/Oct Cash Share Capital Issued shares 1/Oct |Prepaid Rent.... Cash Prepaid for rent 1/Oct Cash Unearned Consulting Revenue Received payment for consulting in Jadvance 2/Oct Equipment Accounts Payable Received equipment 2/Oct Accounts Receivable Consulting Revenue Earned........ Earned consulting revenue General Journal Date Account/Explanation 6/Oct Cash Consulting Revenue Earned Earned and received consulting revenue 7/Oct Accounts Receivable Consulting Revenue Earned. Earned consulting revenue 113/Oct Repair Expense Cash Paid for repairs to computers 13/Oct/Food and Drinks Expense. Cash Paid for dinner with client 25/Oct Cash Accounts Receivable Received customer payment 12,800 100 100 13,200 130 13,200 130 13,528 13,528 13,528 13,528 Page GJ3 F Debit Credit 500 500 General Journal Date Account/Explanation 31/Oct Dividends Cash Dividends Page GJ4 F Debit Credit 11,7501 11,750 9,000 9,000 623 General Journal Date Account/Explanation 25/Oct Utilities Expense. Accounts Payable Received bill for utilities expense 25/Oct Salaries Expense Cash Paid cash for salaries 26/OctCash Consulting Revenue Earned Earned and received consulting revenue k7/Oct Advertising Expense.. Accounts Payable Received bill for advertising expense 31/Oct Accounts Payable Cash Paid bill for utilities expense 623 700 700 500 500 No journal entry was required for each of the following: Placed order for equipment (Purchase Order 9967) Won bid for new job (Purchase Order 7753) Hired new employee (Inter-Office Memo 2) Sent reminder notice (Customer Statement for Decker Co) Part 5 [20 points] a) Prepare an adjusted trial balance at October 31, 2014. HINT: Where would you look to find the information needed to prepare the adjusted trial balance? Phantom Consulting Inc. Adjusted Trial Balance October 31, 2014 Debit Credit Totals b) What is the next step in the accounting cycle? o Prepare a post-closing trial balance o Post transactions o Analyze and journalize transactions o Prepare adjusting entries This is the last step o Prepare financial statements o Prepare an unadjusted trial balance o Prepare closing entries