Required information 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, 2017 The last two columns contain the adjusted trial balance as of the same date Unadjusted Trial Balance Adjusted Trial Balance Cash $ 119,050 $ 119,050 Accounts receivable 10,000 21,000 Office supplies 17,800 5,000 Prepaid insurance 7,240 3,360 Office equipment 87,000 87,000 Accum DepreciationOffice equip $ 25,000 $ 28,000 Accounts payable 10,100 18,000 Interest payable 0 3,000 Salaries payable 0 7,000 Unearned consulting fees 24,000 12,000 Long term notes payable 58,000 58,000 Common stock 33,600 33,600 Retained earnings 22,400 22,400 Dividends 5,000 5,000 Consulting fees earned 169,000 192,000 Depreciation expenseOffice equip 0 3,000 Salaries expense 67,920 74,920 Interest expense 1,280 4,280 Insurance expense 0 3,880 Rent expense 14,680 14,680 Office supplies expense 0 12,800 Advertising expense 12,130 20,030 Totals $ 342,100 $ 342,100 $ 374,000 $ 374,000 2(a 1) Prepare JKL Company's income statement for the year ended July 31, 2017 2(a 2) Prepare JKL Company's statement of retained earnings for the year ended July 31, 2017 Note Retained earnings at July 31, 2016, was $22,400, and the current year dividends were $5,000 2(b) Prepare JKL Company's the balance sheet as of July 31, 2017 JKL COMPANY Income Statement For Year Ended July 31, 2017 Revenues Consulting fees earned $0 Expenses Salaries expense Insurance expense Rent expense Office supplies expense Advertising expense Depreciation expenseOffice equipment 0 Prepare JKL Company's statement of retained earnings for the year ended July 31, 2017 Note Retained earnings at July 31, 2016, was $22,400, and the current year dividends were $5,000 JKL COMPANY Statement of Retained Earnings For Year Ended July 31, 2017 Retained earnings, July 31, 2016 0 Retained earnings, July 31, 2017 $0 Prepare JKL Company's the balance sheet as of July 31, 2017 JKL COMPANY Balance Sheet July 31, 2017 0 $0 0 0 $0

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Required information [The following information applies to the questions displayed below.] A six-column table for JKL Company follows. The first two columns contain the unadjusted

Required information

[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, 2017. The last two columns contain the adjusted trial balance as of the same date.

	Unadjusted Trial Balance				Adjusted Trial Balance
Cash	$	119,050			$	119,050
Accounts receivable		10,000				21,000
Office supplies		17,800				5,000
Prepaid insurance		7,240				3,360
Office equipment		87,000				87,000
Accum. DepreciationOffice equip.			$	25,000			$	28,000
Accounts payable				10,100				18,000
Interest payable				0				3,000
Salaries payable				0				7,000
Unearned consulting fees				24,000				12,000
Long-term notes payable				58,000				58,000
Common stock				33,600				33,600
Retained earnings				22,400				22,400
Dividends		5,000				5,000
Consulting fees earned				169,000				192,000
Depreciation expenseOffice equip.		0				3,000
Salaries expense		67,920				74,920
Interest expense		1,280				4,280
Insurance expense		0				3,880
Rent expense		14,680				14,680
Office supplies expense		0				12,800
Advertising expense		12,130				20,030
Totals	$	342,100	$	342,100	$	374,000	$	374,000
2(a-1) Prepare JKL Company's income statement for the year ended July 31, 2017. 2(a-2) Prepare JKL Company's statement of retained earnings for the year ended July 31, 2017. Note: Retained earnings at July 31, 2016, was $22,400, and the current-year dividends were $5,000. 2(b) Prepare JKL Company's the balance sheet as of July 31, 2017.

JKL COMPANY
Income Statement
For Year Ended July 31, 2017
Revenues
Consulting fees earned

		$0
Expenses
Salaries expense
Insurance expense
Rent expense
Office supplies expense
Advertising expense
Depreciation expenseOffice equipment



		0

Prepare JKL Company's statement of retained earnings for the year ended July 31, 2017. Note: Retained earnings at July 31, 2016, was $22,400, and the current-year dividends were $5,000.