Problem 4-13A Adjusting, reversing, and subsequent cash entries LO7 The unadjusted trial balance for Lewis Fitness Centre as of December 31, 2023, follows Cash. Accounts receivable. Supplies Equipment Accumulated depreciation, equipment. Account Interest payable. Salanes pavable. Unearned membership revenue. Notes payable. Bev Lews, capital. Bev Lewis, withdrawals. Membership revenue Depreciation expense, equipment. Salanes expense. Interest expense Supplies expertise Debit $ 22000 0 9000 300.000 600000 76,000 2500 5474.500 Credit $10.000 16 the 41000 100000 116.500 100000 $474.500 Information necessary to prepare adjusting entries is as follows As of December 31, employees have earned $1,600 of unpaid and unrecorded wages. The next payday is January and the total wages to be paid will be $2,400 b. The cost of supplies on hand at December 31 is 53,600 & The note pavable requires an interes payment to be made every three months. The amount of unrecorded acenand eest at December 31 is $2,500, and the next payment is due on January 15. This payment will be 5300 d. An analys of the unearned membership revenue shows that $32,000 remains unearted at December 31 e. In addition to the membership revenue included in the revenue account, the company has earned another 524030 ise that will be collected on January 21 The company is also expected to collect $14.00 on the same day for new revenue during January 1. Depreciation expense for the year is $30,000. Required 1. Prepare adjusting journal entries 2 Prepare mal entries to reverse the effects of the adjusting entries that involve accruals 1. Prepare al entries to record the cash payments and collections that are described for January Ycel

4roblem 4-13A Adjusting, reversing, and subsequent cash entries 107 The unadisted trial balance for Lewis Fitnest Centre as of Decenther 31 anaz full.w... Fimmation necesury to prepure adfusing entries is as follows: Fequired