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Problem 3-4A Interpreting unadjusted and adjusted trial balances, and preparing financial statements LO P1, P2, P3, P4, P5, P6 [The following information applies to the
Problem 3-4A Interpreting unadjusted and adjusted trial balances, and preparing financial statements LO P1, P2, P3, P4, P5, P6 [The following information applies to the questions displayed below) A six-column table for JKL Company follows. The first two columns contain the unadjusted trial balance for the company as of July 31. The last two columns contain the adjusted trial balance as of the same date. Unadjusted Trial Balance $ 97,940 14,000 17,800 10,240 83,000 $ 24,000 8,100 @ Cash Accounts receivable Office Supplies Prepaid insurance office equipment Accum. Depreciation-office equip. Accounts payable Interest payable Salaries payable Unearned consulting fees Long-term notes payable 3. Logan, Capital 3. Logan, withdrawals Consulting fees earned Depreciation expense-office equip. Salaries expense Interest expense Insurance expense Rent expense office supplies expense Advertising expense Totals 24,000 56,000 46,000 Adjusted Trial Balance $ 97,940 21.000 9,500 2,960 83,000 $ 30,000 22,000 2,500 9,000 16,000 56,000 46,000 7,000 183,000 6,000 76,490 3,800 7,280 14,820 8,300 26,410 $364.500 $364.500 7,000 168,000 67,490 1,300 14,820 @ 12,510 $ 326.100 $326.100 Problem 3-4A Part 2 2(0-1) Prepare JKL Company's income statement for the year ended July 31. 2(0-2) Prepare JKL Company's statement of owner's equity for the year ended July 31. Note: J. Logan, Capital at July 31 of the prior year was $46,000, and the current-year withdrawals were $7,000. 2(b) Prepare JKL Company's the balance sheet as of July 31
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