the problem I need the answers to are for problem LO5 Problem 4-8A and LO5 Problem 4-9A

204 Income Measurement and Acenual Accounsing Chapter 4 Label the Required 1. Prepare Pherare in gernceral lournal form the necessary adjusting entries at lune 30, 2016. L entries (a) through (e) to correspond to the other data. on June hat the unadjusted trial balance reports a credit balance in Accumulated io a-o Iieuipment of $4,000. Esplain why the account contains a balance of $4,000 Problem 4-7A Effects of Adjusting Entries on the Accounting Equatio Refer to the information provided for Matlock Graphic Arts Su Required 30, 2016. Los dio in Problem 4-6A ecquation. Use the format in Exhibit 3-1 on page 106. Identif each adjustment byt 2. Compute 1. Prepare a table to summarize the required adjusting entries as they affect the letter. the net increase or decrease in net income for the month from the g entries you prepared in part ( ). (Ignore income taxes.) Problem 4-8A Reconstruction of Adjusting Entries from Account Balances Los Zola Corporation records adjusting entries each month before preparing monthly financials ments. The following sclected account balances are taken from its trial balances on June 2016. The unadjusted" columns set forth the general ledger balances before theu entries were posted. The "adjusted" columns reflect the month-end adjusting entries. Unadjusted Credit Debit Credit Debit Account Title $4,000 9,600 $3.000 9,600 Prepaid Rent s 800 9.600 768 s 900 9,600 Notes Payable inserest Payable Required 1. The company paid for a six-month lease on April 1, 2016. Reconstruct the adjusting journal entry for rent on June 30, 2016. 2. what amount was prepaid on April 1, 2010? Explain your answer. 3. The equipment was purchased on September 30, 2015, for $9,600. Zola uses straight-lne depreciation and estimates that the equipment will have no salvage value. Reconstruct th adjusting journal entry for depreciation on June 30,2016 4. What is the equipment's estimated useful life in months Explain your answer. 5. Zola signed a two-year note on September 30, 2015, for the purchase of the equipment. In terest on the note accrues on a monthly basis and will be paid at maturity along with the principal amount of $9,600. Reconstruct the adjusting journal entry for interest expense on June 30, 2016. What is the monthly interest rate on the loan? Explain your answer. 6. Los Problem 4-9A in T Accounts Lewis and Associates has been in the termite inspection and treatment business for five years, Ao unadjusted trial balance at June 30, 2016, follows. Use of a Trial Balance to Record Adjusting Entries