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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 99,080 14,000 Adjusted Trial Balance Cash $ $ 99,080 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 17,500 17,200 4,000 9,940 2,960 84,000 84,000 $ 24,000 $34,000 14,000 3,000 10,100 0 C 19,000 12,000 60,000 26,400 28,000 60,000 Common stock 26,400 Retained earnings 17,600 17,600 Dividends 10,000 10,000 Consulting fees earned 164,000 183,500 Depreciation expense-Office equip. Salaries expense 0 10,000 86,260 4,290 6,980 67,260 Interest expense 1,290 Insurance expense C Rent expense Office supplies expense Advertising expense 14,820 14,820 13,200 16,410 C 12,510 330,100 $330,100 369,500 $369,500 Totals 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. Answer is not complete. Account Unadjusted Trial Balance Adjustments Adjusted Trial Balance 99,080 99.080 Cash 14,000 3,500 17,500 Accounts receivable Office supplies 13,200 17,200 4,000 6,980 Prepaid insurance 9,940 2,960 Office equipment Accumulated depreciation-Office equipment Accounts payable 84,000 84,000 24.000 10,000 34,000 4,000 x 10,100 14.000 Interest payable 0 3,000 3.000 Salaries payable 19,000 19.000 Uneamed consulting fees 28,000 16,000 12,000 Long-term notes payable 60,000 60,000 Common stock 26,400 26,400 Retained earnings 17,600 17.600 10.000 Dividends 10,000 19,500 x Consulting fees earned 164,000 183.500 Consulting fees earned (Uneaned fees adjusted) Depreciation expense-Office equipment 10,000 10,000 Salaries expense 67,260 19,000 86,260 Interest expense 1,290 3,000 4.290 6,980 Insurance expense 0 6,980 Rent expense 14,820 14,820 Office supplies expense C 13,200 13,200 Advertising expense 12,510 3,900 16,410 $ 52,180 S 369.500 $369.500 330.100 330.100 99,080 Totals
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