The Unadjusted Trial Balance for Hawkeye Ranges as of December 31 is presented in requirement 1. The following additional information relates to the required year-end adjustments. a. As of December 31, employees had earned $1,268 of unpaid and unrecorded salaries. The next payday is January 4, at which time $2,257 of salaries will be paid. b. Cost of supplies still available at December 31 total is $3,821. c. An interest payment is made every three months. The amount of unrecorded accrued interest at December 31 is $1.500. The next interest payment, at an amount of $1,800, is due on January 15 d. Analysis of Unearned Revenue shows $7,927 remaining unearned at December 31. e. Accrues $12,762 of revenue for services provided. Payment will be collected on January 31. f. Depreciation expense is $18,017. Required: 1. Complete the six-column table by entering adjustments that reflect the above information 2. Prepare journal entries for adjustments entered in the six-column table for Requirement 1. 3. Prepare journal entries to reverse the effects of the adjusting entries that involve accruals. 4. Prepare journal entries to record cash payments and cash collections for January. (Assume reversing entries were prepared.) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Prey 1 of 13 Next > Adjustments Debit Credit Adjusted Trial Balance Debit Credit Account Title Cash Accounts receivable Supplies Equipment Accumulated depreciation Equipment Interest payable Salaries payable Uneamed revenue Notes payable P. Hawkeye, Capital P. Hawkeye, Withdrawals Partial Work Sheet December 31 Unadjusted Trial Balance Debit Credit $ 18.400 0 7.783 187.680 $ 36,035 0 0 19,817 60,000 94,677 27,600 75,072 Services revenue Depreciation expense-Equipment Salaries expense Interest expense Supplies expense Totals 0 39,638 4,500 0 285.601 $ 285,601 $ ols 0 $ $ 0 0 $ Journal entry worksheet Prepare reversing entry related to supplies, if any. Note: Enter debits before credits Transaction General Journal Debit Credit View general Journal Record entry Clear entry Journal entry worksheet Prepare reversing entry related to interest on the note, If any. Note: Enter debits before credits Transaction General Journal Debit Credit C View general journal Record entry Clear entry Journal entry worksheet 1 2 3 5 6 > Prepare reversing entry related to unearned member fees, if any. Note: Enter debits before credits Transaction General Journal Debit Credit d. Record entry Clear entry View general Journal View transaction list 1 Journal entry worksheet 1 2 3 4 6 Prepare reversing entry related to unrecorded fees, if any. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 1 2 3 4 2 5 Prepare reversing entry related to depreciation, if any. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal View transaction list 1 Journal entry worksheet 2 5 6 Prepare the journal entry to record the January cash flow, if any. As of December 31, employees had earned $1,268 of unpaid and unrecorded salaries. The next payday is January 4, at which time $2,257 of salaries will be paid. Note: Enter debits before credits Date General Journal Debit Credit Jan 04 Record entry Clear entry View general Journal 1 Journal entry worksheet 1 3 3 5 6 Prepare the journal entry to record the January cash flow, if any, Cost of supplies still available at December 31 total $3,821. Note: Enter debits before credits General Journal Debit Credit Date Dec 31 Record entry Clear entry View general Journal Journal entry worksheet Journal entry worksheet 1 2 3 5 6 Prepare the journal entry to record the January cash flow, if any, Analysis of Unearned Revenue shows $7,927 remaining unearned at December 31. Note: Enter debits before credits Date General Journal Debit Credit Dec 31 Record entry Clear entry View general Journal MC Proy 1 of 13 ! Next > Journal entry worksheet Journal entry worksheet 2 3 4 5 Go Prepare the journal entry to record the January cash flow, if any. Depreciation expense is $18,017. Note: Enter debits before credits General Journal Debit Credit Date Dec 31 View general Journal Record entry Clear entry Drew 1 o.13 1 HE Next
