[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 $ 110, 770 8,000 16, 600 9, 040 87,000 $ 23,000 9, 100 0 0 30,000 50,000 58,000 4,500 162,000 0 67, 610 1,320 0 14, 760 Adjusted Trial Balance $ 110, 770 21,000 7,500 3, 360 87,000 $ 38,000 18,000 2,000 11,000 14,000 50,000 58,000 4,500 191,000 15,000 78, 610 3, 320 5, 680 14, 760 9, 100 21, 400 $ 382,000 $382,000 0 12,500 $ 332, 100 $332, 100 Account Adjustments $ Unadjusted Trial Balance $ 110,770 8,000 16,600 9,040 87,000 $ 23,000 9,100 Adjusted Trial Balance 110,770 21,000 7,500 3,360 87,000 $ 38,000 18,000 2,000 11,000 14,000 50,000 58,000 4,500 191,000 Cash Accounts receivable Office supplies Prepaid insurance Office equipment Accumulated depreciation Office 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 0 30,000 50,000 58,000 4,500 162,000 0 67,610 1,320 0 14,760 0 12,500 332,100 $ 15,000 78,610 3,320 5,680 14,760 9,100 21,400 382,000 $ $ 332,100 $ 0 $ $ 382,000 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: year was $58,000, and the current-year withdrawals were $4,500. 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 241 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 Req 2A1 Req 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 $58,000, and the current-year withdrawals were $4,500. 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 241 Reg 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 $58,000, and the current-year withdrawals were $4,500. 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 Complete this question by entering your answers in the tabs below. Req 241 Req 2A2 Req 2B Prepare JKL Company's the balance sheet as of July 31. JKL COMPANY Balance Sheet July 31 0 $ 0 0
