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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 $1,200 of unpaid and unrecorded salaries. The next payday is January 4, at which time $1,500 of salaries will be paid. b. The cost of supplies still available at December 31 is $3,000. c. The notes payable requires an interest payment to be made every three months. The amount of unrecorded accrued interest at December 31 is $1,875. The next interest payment, at an amount of $2,250, is due on January 15. d. Analysis of the unearned member fees account shows $5,800 remaining unearned at December 31. .In addition to the member fees included in the revenue account balance, the company has earned another $9,300 in unrecorded fees that will be collected on January 31. The company is also expected to collect $10,000 on that same day for new fees earned in January f. Depreciation expense for the year is $15,000. Required: 1. Complete the six-column table by entering adjustments that reflect the above information. 2. Prepare journal entries for the 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 the cash payments and cash collections described 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 Complete the six-column table by entering adjustments that reflect the above information. HAWKEYE RANGES Partial Work Sheet December 31 Unadjusted Trial Balance Dr. Cr. 14,000 Adjustments Dr. Cr. Adjusted Trial Balance Dr. Cr. 14,000 Account Title Cash S $ 0 9,300 9.300 6,500 3,500 3000 135 000 135 000 S 15,000 15,000 30,000 0 1.875 Accounts receivable Supplies Equipment Accumulated depreciation-Equipment Interest payable Salaries payable Unearned member fees Notes payable P. Hawkeye, Capital P. Hawkeye, Withdrawals Member fees earned 1,875 1,200 0 15,000 9 200 1 200 5 800 75 000 50,250 75,000 50,250 21,125 21,125 42,000 9 200 60,500 9 300 0 15,000 31.200 Depreciation expense-Equipment Salaries expense Interest expense Supplies expense Totals 30,000 5,625 15.000 1,200 1,875 3,500 40.075 0 212,250 $ 7,500 3.500 239.625 $ 212,250 $ $ 40.075 $ $ 209.625
