The unadjusted trial balance of the Photo Sense Company as of December 31 is found on the trial balance tab. The following information is required to prepare the necessary adjusting entries for the Photo Sense Company. 1) The balance in Prepaid insurance represents a 24-month policy that went into effect on December 1. Review the unadjusted balance in Prepaid insurance, and prepare the necessary adjusting entry, if any. 2) Based on a physical count, supplies on hand total $4,200. Review the unadjusted balance in Supples, and prepare the necessary adjusting entry, If any. 3) The equipment is expected to have an 5 -year useful life, and be worth about $11,000 at the end of five years. Review the unadjusted balance in Accumulated depreciation, and prepare the necessary adjusting entry to record the monthly depreciation, if any. 4) On December 26, the client paid a \$7,200 60-day fee in advance, covering December 27 to February 24, Review the unadjusted balance in Unearned Consulting Revenue, and prepare the necessary adjusting entry, if any. 5) Photo Sense's employee earns $140 per day for a five-day workweek beginning on Monday and ending on Friday. The employee was last paid on Friday, December 26. Review the unadjusted balance in Salaries expense, and prepare the necessary adjusting entry, If any. 6) In the second week of December, Photo Sense agreed to provide 30 days of consulting services to a local fitness club for a fired fee of $4,380. The terms of the initial agreement call for Photo Sense to provide services from December 12 , through January 10 . or 30 days of service. The club agrees to pay Photo Sense $4,380 on January 10, when the service period is complete. Review the unadjusted balance in Consulting revenue, and prepare the necessary adjusting entry, if any. Each joumal entry is posted automatically to the general ledger. Use the drop-down button to view the unadjusted or adjusted balances. The unadjusted trial balance of the Photo Sense Company as of December 31 is found on the trial balance tab. The following information is required to prepare the necessary adjusting entries for the Photo Sense Company. 1) The balance in Prepaid insurance represents a 24-month policy that went into effect on December 1. Review the unadjusted balance in Prepaid insurance, and prepare the necessary adjusting entry, if any. 2) Based on a physical count, supplies on hand total $4,200. Review the unadjusted balance in Supplies, and prepare the necessary adjusting entry, If any. 3) The equipment is expected to have an 5-year useful life, and be worth about $11,000 at the end of five years. Review the unadjusted balance in Accumulated depreciation, and prepare the necessary adjusting entry to record the monthly depreciation. If any. 4) On December 26 , the client paid a $7,20060-day fee in advance, covering December 27 to February 24 . Review the unadjusted balance in Unearned Consulting Revenue, and prepare the necessary adjusting entry, if any. 5) Photo Sense's employee earns $140 per day for a five-day workweek beginning on Monday and ending on Friday. The employee was last paid on Friday, December 26. Review the unadjusted balance in Salaries expense, and prepare the necessary adjusting entry, if any. 6) In the second week of December, Photo Sense agreed to provide 30 days of consulting services to a local fitness club for a fixed fee of $4,380. The terms of the initial agreement call for Photo Sense to provide services from December 12 , through January 10 . or 30 days of service. The club agrees to pay Photo Sense $4,380 on January 10 , when the service period is complete. Review the unadjusted balance in Consulting revenue, and prepare the necessary adjusting entry, if any. For each adjustment, indicate the income statement and balance sheet account affected, and the Impact on net income. If an adfustment caused net income to decrease, enter the amount as a negative value. Net income before adjustments can be found on the income statement tab. (Hint: Select unadjusted on the dropdown.) The unadjusted trial balance of the Photo Sense Company as of December 31 is found on the trial balance tab. The following information is required to prepare the necessary adjusting entries for the Photo Sense Company. 1) The balance in Prepaid insurance represents a 24 -month policy that went into effect on December 1. Review the unadjusted balance in Prepaid insurance, and prepare the necessary adjusting entry, if any. 2) Based on a physical count, supplies on hand total $4,200. Review the unadjusted balance in Supplies, and prepare the necessary adjusting entry, if any. 3) The equipment is expected to have an 5 -year useful life, and be worth about $11,000 at the end of five years. Review the unadjusted balance in Accumulated depreciation, and prepare the necessary adjusting entry to record the monthly depreciation, if any. 4) On December 26, the client paid a \$7,200 60-day fee in advance, covering December 27 to February 24 . Review the unadjusted balance in Unearned Consulting Revenue, and prepare the necessary adjusting entry, if any. 5) Photo Sense's employee earns $140 per day for a five-day workweek beginning on Monday and ending on Friday. The employee was last paid on Friday, December 26. Review the unadjusted balance in Salaries expense, and prepare the necessary adjusting entry, if any. 6) In the second week of December, Photo Sense agreed to provide 30 days of consulting services to a local fitness club for a fixed fee of $4,380. The terms of the initial agreement call for Photo Sense to provide services from December 12 , through January 10 , or 30 days of service. The club agrees to pay Photo Sense $4,380 on January 10 , when the service period is complete. Review the unadjusted balance in Consulting revenue, and prepare the necessary adjusting entry, if any. You may view either the unadjusted or adjusted trial balance by choosing from the drop-down box below. Your choice will determine the reported values on the financial statement tabs. The unadjusted trial balance of the Photo Sense Company as of December 31 is found on the trial balance tab. The following information is required to prepare the necessary adjusting entries for the Photo Sense Company. 1) The balance in Prepaid insurance represents a 24-month policy that went into effect on December 1. Review the unadjusted balance in Prepaid insurance, and prepare the necessary adjusting entry, if any. 2) Based on a physical count, supplies on hand total $4,200. Review the unadjusted balance in Supplies, and prepare the necessary adjusting entry, if any. 3) The equipment is expected to have an 5-year useful life, and be worth about $11,000 at the end of five years. Review the unadjusted balance in Accumulated depreciation, and prepare the necessary adjusting entry to record the monthly depreciation, if any. 4) On December 26 , the client paid a $7,20060-day fee in advance, covering December 27 to February 24 . Review the unadjusted balance in Unearned Consulting Revenue, and prepare the necessary adjusting entry, if any. 5) Photo Sense's employee earns $140 per day for a five-day workweek beginning on Monday and ending on Friday. The employee was last paid on Friday, December 26. Review the unadjusted balance in Salaries expense, and prepare the necessary adjusting entry, if any. 6) In the second week of December. Photo Sense agreed to provide 30 days of consulting services to a local fitness club for a fixed fee of $4,380. The terms of the initial agreement call for Photo Sense to provide services from December 12 , through January 10 , or 30 days of service. The club agrees to pay Photo Sense $4,380 on January 10 , when the service period is complete. Review the unadjusted balance in Consulting revenue, and prepare the necessary adjusting entry, if any. The unadjusted or adjusted balances will appear for each account, based on your selection. GL0301 (Algo) - Based on the... LO P1, P2, P3, P4, P5, P6 The unadjusted trial balance of the Photo Sense Company as of December 31 is found on the trial balance tab. The following information is required to prepare the necessary adjusting entries for the Photo Sonse Company. 5) The balance in Prepaid insurance represents a 24-month policy that went into effect on December 1 . Review the unadjusted belance in Prepoid insurance, and prepare the necossary adjusting entry, if any. 2) Based on a physical count, supplies on hand total \$4,200. Review the unadjusted bolance in Supples, and prepace the necossary adjusting entry, if any. 3) The equipment is expected to have an 5 -year useful ife, and be worth about $11000 at the end of five yoars. Review the unadjusted balance in Accumulated depreciation, and prepare the necessary adjusting entry to record the monthly depreciation, If any. 4) On December 26 , the client paid a $7,20060-day fee in advance, covering December 27 to February 24 . Aeview the unadjusted balance in Unearned Consulting Revenue, and prepare the necessary adjusting entry, if any. 5) Photo Sense's employee earns $140 per day for a five-day workweek beginning on Monday and ending on Friday. The employee was last paid on Friday, December 26 . Review the unadjusted balance in Salaries expense, and prepare the necessary adjusting entry, if any. 6) In the second week of Decembec. Photo Sense agreed to provide 30 days of consulting services to a local fitness club for a fored fee of $4,380. The terms of the initial agreement call for Photo Sense to provide services from December 12, through January 10. or 30 days of service. The club agrees to pay Photo Sense $4,380 on January 10 , when the service period is complete. Review the unedjusted balance in Consulting revenue, and prepare the necessary odjusting entry, if any. Use the drop-downs to select the aceounts properly included on the balance sheet. The unadjusted or adjusted balances will appear for each account, based on your selection. Include all balance sheet accounts, even these with zero balances. GL0301 (Algo) - Based on the... LO P1, P2, P3, P4, P5, P6 The unadjusted trial balance of the Photo Sense Company as of December 31 is found on the trial balance tab. The following information is required to prepare the necessary adjusting entries for the Photo Sense Company. 1) The balance in Prepaid insurance represents a 24 month policy that went into effect on December 1 . Review the unadjusted balance in Prepaid insurance, and prepare the necessary adjusting entry, if any. 2) Based on a physical count, supplies on hand total $4,200. Review the unadjusted balance in Supplies, and prepare the necessary adjusting entry, if any. 3) The equipment is expected to have an 5-year useful life, and be worth about $11,000 at the end of five years. Review the unadjusted balance in Accumulated depreciation, and prepare the necessary adjusting entry to record the monthly depreciation. If any. 4) On December 26 , the client paid a $7,20060-day fee in advance, covering December 27 to February 24 , Review the unadjusted balance in Unearned Consulting Revenue, and prepare the necessary adjusting entry, if any. 5) Photo Sense's employee earns $140 per day for a five-day workweek beginning on Monday and ending on Friday. The employee was last paid on Friday, December 26. Review the unadjusted balance in Salaries expense, and prepare the necessary adjusting entry, if any. 6) In the second week of December, Photo Sense agreed to provide 30 days of consulting services to a local fitness club for a fixed fee of $4,380. The terms of the initial agreement call for Photo Sense to provide services from December 12 , through January 10 , or 30 days of service. The club agrees to pay Photo Sense $4,380 on January 10 , when the service period is complete. Review the unadjusted balance in Consulting revenue, and prepare the necessary adjusting entry, if any. Use the drop-downs to select the accounts properly included on the income statement. The unadjusted or adjusted balances will appear for each account, based on your selection. The unadjusted trial balance of the Photo Sense Company as of December 31 is found on the trial balance tab. The following information is required to prepare the necessary adjusting entries for the Photo Sense Company. 1) The balance in Prepaid insurance represents a 24-month policy that went into effect on December 1. Review the unadjusted balance in Prepaid insurance, and prepare the necessary adjusting entry, if any. 2) Based on a physical count, supplies on hand total $4,200. Review the unadjusted balance in Supples, and prepare the necessary adjusting entry, If any. 3) The equipment is expected to have an 5 -year useful life, and be worth about $11,000 at the end of five years. Review the unadjusted balance in Accumulated depreciation, and prepare the necessary adjusting entry to record the monthly depreciation, if any. 4) On December 26, the client paid a \$7,200 60-day fee in advance, covering December 27 to February 24, Review the unadjusted balance in Unearned Consulting Revenue, and prepare the necessary adjusting entry, if any. 5) Photo Sense's employee earns $140 per day for a five-day workweek beginning on Monday and ending on Friday. The employee was last paid on Friday, December 26. Review the unadjusted balance in Salaries expense, and prepare the necessary adjusting entry, If any. 6) In the second week of December, Photo Sense agreed to provide 30 days of consulting services to a local fitness club for a fired fee of $4,380. The terms of the initial agreement call for Photo Sense to provide services from December 12 , through January 10 . or 30 days of service. The club agrees to pay Photo Sense $4,380 on January 10, when the service period is complete. Review the unadjusted balance in Consulting revenue, and prepare the necessary adjusting entry, if any. Each joumal entry is posted automatically to the general ledger. Use the drop-down button to view the unadjusted or adjusted balances. The unadjusted trial balance of the Photo Sense Company as of December 31 is found on the trial balance tab. The following information is required to prepare the necessary adjusting entries for the Photo Sense Company. 1) The balance in Prepaid insurance represents a 24-month policy that went into effect on December 1. Review the unadjusted balance in Prepaid insurance, and prepare the necessary adjusting entry, if any. 2) Based on a physical count, supplies on hand total $4,200. Review the unadjusted balance in Supplies, and prepare the necessary adjusting entry, If any. 3) The equipment is expected to have an 5-year useful life, and be worth about $11,000 at the end of five years. Review the unadjusted balance in Accumulated depreciation, and prepare the necessary adjusting entry to record the monthly depreciation. If any. 4) On December 26 , the client paid a $7,20060-day fee in advance, covering December 27 to February 24 . Review the unadjusted balance in Unearned Consulting Revenue, and prepare the necessary adjusting entry, if any. 5) Photo Sense's employee earns $140 per day for a five-day workweek beginning on Monday and ending on Friday. The employee was last paid on Friday, December 26. Review the unadjusted balance in Salaries expense, and prepare the necessary adjusting entry, if any. 6) In the second week of December, Photo Sense agreed to provide 30 days of consulting services to a local fitness club for a fixed fee of $4,380. The terms of the initial agreement call for Photo Sense to provide services from December 12 , through January 10 . or 30 days of service. The club agrees to pay Photo Sense $4,380 on January 10 , when the service period is complete. Review the unadjusted balance in Consulting revenue, and prepare the necessary adjusting entry, if any. For each adjustment, indicate the income statement and balance sheet account affected, and the Impact on net income. If an adfustment caused net income to decrease, enter the amount as a negative value. Net income before adjustments can be found on the income statement tab. (Hint: Select unadjusted on the dropdown.) The unadjusted trial balance of the Photo Sense Company as of December 31 is found on the trial balance tab. The following information is required to prepare the necessary adjusting entries for the Photo Sense Company. 1) The balance in Prepaid insurance represents a 24 -month policy that went into effect on December 1. Review the unadjusted balance in Prepaid insurance, and prepare the necessary adjusting entry, if any. 2) Based on a physical count, supplies on hand total $4,200. Review the unadjusted balance in Supplies, and prepare the necessary adjusting entry, if any. 3) The equipment is expected to have an 5 -year useful life, and be worth about $11,000 at the end of five years. Review the unadjusted balance in Accumulated depreciation, and prepare the necessary adjusting entry to record the monthly depreciation, if any. 4) On December 26, the client paid a \$7,200 60-day fee in advance, covering December 27 to February 24 . Review the unadjusted balance in Unearned Consulting Revenue, and prepare the necessary adjusting entry, if any. 5) Photo Sense's employee earns $140 per day for a five-day workweek beginning on Monday and ending on Friday. The employee was last paid on Friday, December 26. Review the unadjusted balance in Salaries expense, and prepare the necessary adjusting entry, if any. 6) In the second week of December, Photo Sense agreed to provide 30 days of consulting services to a local fitness club for a fixed fee of $4,380. The terms of the initial agreement call for Photo Sense to provide services from December 12 , through January 10 , or 30 days of service. The club agrees to pay Photo Sense $4,380 on January 10 , when the service period is complete. Review the unadjusted balance in Consulting revenue, and prepare the necessary adjusting entry, if any. You may view either the unadjusted or adjusted trial balance by choosing from the drop-down box below. Your choice will determine the reported values on the financial statement tabs. The unadjusted trial balance of the Photo Sense Company as of December 31 is found on the trial balance tab. The following information is required to prepare the necessary adjusting entries for the Photo Sense Company. 1) The balance in Prepaid insurance represents a 24-month policy that went into effect on December 1. Review the unadjusted balance in Prepaid insurance, and prepare the necessary adjusting entry, if any. 2) Based on a physical count, supplies on hand total $4,200. Review the unadjusted balance in Supplies, and prepare the necessary adjusting entry, if any. 3) The equipment is expected to have an 5-year useful life, and be worth about $11,000 at the end of five years. Review the unadjusted balance in Accumulated depreciation, and prepare the necessary adjusting entry to record the monthly depreciation, if any. 4) On December 26 , the client paid a $7,20060-day fee in advance, covering December 27 to February 24 . Review the unadjusted balance in Unearned Consulting Revenue, and prepare the necessary adjusting entry, if any. 5) Photo Sense's employee earns $140 per day for a five-day workweek beginning on Monday and ending on Friday. The employee was last paid on Friday, December 26. Review the unadjusted balance in Salaries expense, and prepare the necessary adjusting entry, if any. 6) In the second week of December. Photo Sense agreed to provide 30 days of consulting services to a local fitness club for a fixed fee of $4,380. The terms of the initial agreement call for Photo Sense to provide services from December 12 , through January 10 , or 30 days of service. The club agrees to pay Photo Sense $4,380 on January 10 , when the service period is complete. Review the unadjusted balance in Consulting revenue, and prepare the necessary adjusting entry, if any. The unadjusted or adjusted balances will appear for each account, based on your selection. GL0301 (Algo) - Based on the... LO P1, P2, P3, P4, P5, P6 The unadjusted trial balance of the Photo Sense Company as of December 31 is found on the trial balance tab. The following information is required to prepare the necessary adjusting entries for the Photo Sonse Company. 5) The balance in Prepaid insurance represents a 24-month policy that went into effect on December 1 . Review the unadjusted belance in Prepoid insurance, and prepare the necossary adjusting entry, if any. 2) Based on a physical count, supplies on hand total \$4,200. Review the unadjusted bolance in Supples, and prepace the necossary adjusting entry, if any. 3) The equipment is expected to have an 5 -year useful ife, and be worth about $11000 at the end of five yoars. Review the unadjusted balance in Accumulated depreciation, and prepare the necessary adjusting entry to record the monthly depreciation, If any. 4) On December 26 , the client paid a $7,20060-day fee in advance, covering December 27 to February 24 . Aeview the unadjusted balance in Unearned Consulting Revenue, and prepare the necessary adjusting entry, if any. 5) Photo Sense's employee earns $140 per day for a five-day workweek beginning on Monday and ending on Friday. The employee was last paid on Friday, December 26 . Review the unadjusted balance in Salaries expense, and prepare the necessary adjusting entry, if any. 6) In the second week of Decembec. Photo Sense agreed to provide 30 days of consulting services to a local fitness club for a fored fee of $4,380. The terms of the initial agreement call for Photo Sense to provide services from December 12, through January 10. or 30 days of service. The club agrees to pay Photo Sense $4,380 on January 10 , when the service period is complete. Review the unedjusted balance in Consulting revenue, and prepare the necessary odjusting entry, if any. Use the drop-downs to select the aceounts properly included on the balance sheet. The unadjusted or adjusted balances will appear for each account, based on your selection. Include all balance sheet accounts, even these with zero balances. GL0301 (Algo) - Based on the... LO P1, P2, P3, P4, P5, P6 The unadjusted trial balance of the Photo Sense Company as of December 31 is found on the trial balance tab. The following information is required to prepare the necessary adjusting entries for the Photo Sense Company. 1) The balance in Prepaid insurance represents a 24 month policy that went into effect on December 1 . Review the unadjusted balance in Prepaid insurance, and prepare the necessary adjusting entry, if any. 2) Based on a physical count, supplies on hand total $4,200. Review the unadjusted balance in Supplies, and prepare the necessary adjusting entry, if any. 3) The equipment is expected to have an 5-year useful life, and be worth about $11,000 at the end of five years. Review the unadjusted balance in Accumulated depreciation, and prepare the necessary adjusting entry to record the monthly depreciation. If any. 4) On December 26 , the client paid a $7,20060-day fee in advance, covering December 27 to February 24 , Review the unadjusted balance in Unearned Consulting Revenue, and prepare the necessary adjusting entry, if any. 5) Photo Sense's employee earns $140 per day for a five-day workweek beginning on Monday and ending on Friday. The employee was last paid on Friday, December 26. Review the unadjusted balance in Salaries expense, and prepare the necessary adjusting entry, if any. 6) In the second week of December, Photo Sense agreed to provide 30 days of consulting services to a local fitness club for a fixed fee of $4,380. The terms of the initial agreement call for Photo Sense to provide services from December 12 , through January 10 , or 30 days of service. The club agrees to pay Photo Sense $4,380 on January 10 , when the service period is complete. Review the unadjusted balance in Consulting revenue, and prepare the necessary adjusting entry, if any. Use the drop-downs to select the accounts properly included on the income statement. The unadjusted or adjusted balances will appear for each account, based on your selection