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. The last two columns contain the adjusted trial balance as of the same date. 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 J. Logan, Capital J. Logan, Withdrawals Consulting fees earned Depreciation expense-Office equip. Salaries expense Interest expense Insurance expense Rent expense Office supplies expense Advertising expense Totals Unadjusted Trial Balance $ 118,600 9,000 17,800 8,740 85,000 $ 25,000 9,100 0 0 24,000 58,000 54,000 5,500 170,000 0 67,360 1,280 O 14,600 0 12,220 $ 340, 100 $340, 100 Adjusted Trial Balance $ 118,600 23,000 8,000 3,560 85,000 $ 38,000 24,000 2,500 15,000 12,000 58,000 54,000 5,500 196,000 13,000 82,360 3,780 5,180 14,600 9,800 27, 120 $ 399,500 $399,500 Required: 1. Analyze the differences between the unadjusted and adjusted trial balances to determine the adjustments that likely were made. Show the results of your analysis by entering these adjustment amounts in the cells provided. Account Adjustments Cash Unadjusted Trial Balance S 118,600 9,000 Adjusted Trial Balance $ 118,600 23,000 8,000 3,560 85,000 17,800 8,740 85,000 $ $ 38,000 25,000 9,100 24,000 0 2,500 0 15,000 24,000 12,000 58.000 58,000 54,000 54,000 Accounts receivable Office supplies Prepaid insurance Office equipment Accumulated depreciationOffice equipment Accounts payable Interest payable Salaries payable Unearned consulting fees Long-term notes payable J. Logan, Capital J. Logan, Withdrawals Consulting fees earned Consulting fees earned (Unearned fees adjusted) Depreciation expense-Office equipment Salaries expense Interest expense Insurance expense Rent expense Office supplies expense Advertising expense Totals 5,500 5,500 170,000 196,000 0 13,000 67,360 1,280 82,360 3,780 0 5,180 14,600 14,600 0 9,800 12,220 27,120 399,500 $ $ 340,100 $ 340,100 $ 0 $ 0 $ 399,500 2 Req 2A1 Req 2A2 Req 2B Prepare JKL Company's income statement for the year ended July 31. JKL COMPANY Income Statement For Year Ended July 31 $ 0 Reg 2A1 Reg 2A2 2(a-1) Prepare JKL Company's income statement for the year ended July 31. 2(a-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 $54,000, and the current-year withdrawals were $5,500. 2(b) Prepare JKL Company's the balance sheet as of July 31. Complete this question by entering your answers in the tabs below. Req 2A1 Req 2A2 Req 2B 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 $54,000, and the current-year withdrawals were $5,500. JKL COMPANY Statement of Owner's Equity For Year Ended July 31 J. Logan, Capital, July 31 prior year end 0 J. Logan, Capital, July 31 current year end $ 0 Prepare JKL Company's the balance sheet as of July 31. JKL COMPANY Balance Sheet July 31 0 $ 0 0 $ 0