Prepare the appropriate adjusting entries on January 31, 2014. HINT: Where might you look to find information to prepare the adjusting entries?

Phantom Consulting Inc. Unadjusted Trial Balance January 31, 2014 Cash Accounts receivable Prepaid insurance Equipment. Building. Accumulated depreciation, building. Accounts payable Unearned consulting revenue. Share capital Dividends Retained earnings. Consulting revenue earned. Salaries expense. Advertising expense. Food and drinks expense. Property taxes expense. Repair expense. Totals Debit Credit 198,893 106,600 2,400 20,400 4,000 4,000 163,000 19,800 107,000 7,830 50,000 15,087 17,100 800 164 600 358,887 358,887 a) Prepare the appropriate adjusting entries on January 31, 2014. HINT: Where might you look to find information to prepare the adjusting entries? NOTE: The adjusting entries will be automatically posted to the general ledger when you click 'submit' and the correct adjusted general ledger bala General Journal Page GJ5 Date Account/Explanation F Debit Credit + +