Required Information [The following information applies to the questions displayed below.] Alpine Expeditions operates a mountain climbing school in Colorado. Some clients pay in advance for se billed after services have been performed. Advance payments are credited to an account entitled Unear Revenue. Adjusting entrles are performed on a monthly basis. Below is an unadjusted trial balance datec the current year. (Bear in mind that adjusting entries have already been made for the first 11 months, but Required Information [The following information applies to the questions displayed below.] Alpine Expeditions operates a mountain climbing school in Colorado. Some clients pay in advance for services, others are billed after services have been performed. Advance payments are credited to an account entitied Uneamed Client Revenue. Adjusting entries are performed on a monthiy basis. Below is an unadjusted trial balance dated December 31 of the current year. (Bear in mind that adjusting entries have already been made for the first 11 months, but not for December) Other Dote 1. Accrued but unrecorded fees earned as of December 31 amount to 56,400 . 2. Records show that $6,600 of cash receipts oniginally recorded as uneamed client revenue had been earned as of Other Doto 1. Accrued but unrecorded fees earned as of December 31 amount to $6,400. 2. Records show that $6,600 of cash receipts originally recorded as unearned client revenue had been earned as of December 31 3. The company purchased a 12 -month insurance policy on June 1 of the current yeat for $36,000 4. On December 1 of the current year, the company pald $2,200 for numerous advertisements in severaf climbing magazines. Haif of these advertisements have appeared in print as of December 31 5. Climbing supplies on hand at December 31 amount to $2,000 6. All climbing equipment was purchased when the business first formed. The estimated life of the equipment at that time was four years (or 48 months). 7. On October 1 of the current year, the company borrowed $10,000 by signing an 8 -month, 9 percent note payable. The entire note, plus 8 month' accrued interest, is due on June 1 of the upcoming year 8. Accrued but unrecorded salarles at December 31 amount to $3,100 9. Estimated income taxes expense for the entire year totals $14,000. Taxes are due in the first quarter of the upcoming year. Required: a. For each of the numbered paragraphs, prepare the necessary adjusting entry. Answer is not complete. each of the numbered paragraphs, prepare the necessary adjusting entry. Note: If no entry is required for a transaction/event, select "No journal entry required" In the first account fleld. Required information \begin{tabular}{|c|c|c|c|c|c|} \hline No & Date & General Journal & & Debit & Credit \\ \hline \multirow[t]{3}{*}{1} & December 31 & Accounts receivable & 0 & 6,400 & \\ \hline & & Client revenue earned & 0 & & 6,4000 \\ \hline & & & & & \\ \hline \multirow[t]{3}{*}{2} & December 31 & Unearned client revenue & 0 & 6,6000 & +1 \\ \hline & & Client revenue earned & 0 & & 6.6000 \\ \hline & +2 & & & & \\ \hline \multirow{3}{*}{3} & December 31 & Insurance expense & 0 & 3,000 & \\ \hline & +2 & Prepaid insurance & 0 & & 3,0000 \\ \hline & & & & & \\ \hline \multirow{3}{*}{4} & December 31 & Aovertising expenso & 0 & 1,1000 & \\ \hline & + & Prepaid advertising & 0 & & 1,1000 \\ \hline & & & & & \\ \hline \multirow[t]{3}{*}{5} & December 31 & Climbing supplies expense & 0 & 2,9000 & \\ \hline & +2 & Climbing supples & 0 & & 2,9000 \\ \hline & & & & & \\ \hline \multirow[t]{2}{*}{6} & December 31 & Dopreciation expense. climbing equipment & 0 & 10,800 & \\ \hline & & Accumulated depreciation climbing equipment & & & 10,800 \\ \hline & & & & & \\ \hline \multirow[t]{3}{*}{7} & December 31 & No journal entry tequired & & 00 & \\ \hline & & +2 & & & 08 \\ \hline & & & & & + \\ \hline \multirow[t]{2}{*}{8} & December 31 & No joumal entry required & & & \\ \hline & & & & & \\ \hline 9 & December 31 & No journal entry required & (x) & 00 & \\ \hline \end{tabular} Required: b. Determine the amount at which each of the following accounts will be reported in the company's balance sheet dated December 31 1. Accrued but unecorded fees eamed as of December 31 amount to $6,400 2. Records show that $6,600 of cash receipts originaliy recorded as unearned cilent revenue had been earned as of December 31 3. The company purchased a 12-month insurance policy on June 1 of the current year for $36,000 4. On December 1 of the current year, the company paid $2,200 for numetous advertisements in severat cimbing magazines Haif ot these advertisements have appeared in print as of December 31 5. Climbing supplies on hand at Deceraber 31 amount to $2,000 6. All climbing equipment was purchased when the business first formed. The estimated tife or the equipment at that time was four years (or 48 months) 7. On October 1 of the current year, the company borrowed $10,000 by signing an 8-montr, 9 percent note payable The entire note, plus 8 months accrued interest, is due on Jurne 1 of the upcoming year 8. Accrued but untecorded sasanes at December 31 amount to $3,100 9. Estimated income taxes expense for the enture year totals $14,000. Taxes are due in the first quarter of the upcoming year: Required: c. Which of the ilsted accounts represent deferred expenses? Note: You moy select more than one answer, Single click the box with the questlon mark to produce o check mark for a correct answer and double click the box with the question mark to empty the box for o wrong answer. Any boxes left with a question mark will be outometically graded as incorrect. Prepoid insurance Arepeld Aovention Notes Provale Clmbing Enupment Uneamed Count Rovenue: clambing supples