Prepare the Journal Entries for the adjustments

Prepare the adjustments

Prepare the adjusted Trial Balance

Prepare the Balance Sheet

General Wrap Text - % > Insert Delete Merge & Center : Conditional Format Formatting as Table Cell Styles S Q R U V w P T Fast Forward Trial Balance December 31, 2015 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Debit Credit Debit Credit Debit Credit 13 000 0 5500 130 000 Account Title ca Accounts Receivable Supplies Equipment Accumulated Depr - Equip Interest Payable Salaries Payable Unearned Consulting Revenue Notes Payable T. Allen, Capital T. Allen, Withdrawals Member Fees Earned Depreciation Expense - Equip Salaries Expense Interest Expense Supplies Expense 25 000 0 0 14 000 50 000 58 250 20 000 53 000 0 28 000 3750 0 Totals 200 250 200 250 Formulas View Data Review Draw Page Layout General Wrap Text = 11 Calibri (Body) - A- A+ % ) 00 Conditional For Formatting as T A DO Merge & Center B I U fx K M F G H D E As at December 31, 2015, employees had earned 900 of unpaid and unrecorded salaries. The next payday is January 4 at which time 1,600 of salaries will be paid The cost of supplies still available at December 31, 2015 is 2700 The notes payable requires an interest payment to be made every three months. The amount of unrecorded accrued interest at December 31, 2015 is 1,250. The next interest payment, at an amount of 1,500 is due on Jan 15 Analysis of the unearned member fees account shows 5,600 remaining unearned at December 31, 2015 In addition to the member fees included in the revenue account, the company has earned another 9,100 in unrecorded fees that will be collected on January 31, 2016. The company is also expected to collect 8,000 on that same day for new fees earned in January 2016 Depreciation expense for the year is 12,500 TASK 1) Prepare the Journal Entries for the adjustments 2) Prepare the adjustments 3) Prepare the adjusted Trial Balance 4) Prepare the Balance Sheet