The following unadjusted trial balance is for Ha Bnh Company as of the end of its April 30, 2011, fiscal year. The April 30, 2010, credit balance of the owners capital account was $36,900, and the owner invested $30,000 cash in the company during the 2011 fiscal year.

Required

1. Complete the six-column table by entering adjustments that reflect the following information:

a. As of December 31, 2011, employees had earned $1420 of unpaid and unrecorded wages. The next payday is January 4, at which time $4,250 in wages will be paid.

b. The cost of supplies still available at December 31, 2011, is $1,350.

c. The notes payable requires an interest payment to be made every three months. The amount of unrecorded accrued interest at December 31, 2011, is $700. The next interest payment, at an amount of $900, is due on January 15, 2012.

d. Analysis of the unearned rental fees shows that $2,100 remains unearned at December 31, 2011.

e. In addition to the machinery rental fees included in the revenue account balance, the company has earned another $1,750 in unrecorded fees that will be collected on January 31, 2012. The company is also expected to collect $3,400 on that same day for new fees earned in January 2012.

f. Depreciation expense for the year is $2,500.

2. Prepare journal entries for the adjustments entered in the six-column table for part 1.

3. Prepare journal entries to reverse the effects of the adjusting entries that involve accruals.

4. Prepare journal entries to record the cash payments and cash collections described for January.