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Walker Enterprises is owned by Edmund Walker and has a January 31 fiscal year end. The company prepares adjusting entries on ar annual basis. The

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Walker Enterprises is owned by Edmund Walker and has a January 31 fiscal year end. The company prepares adjusting entries on ar annual basis. The following trial balance was prepared before adjustments: WALKER ENTERPRISES Trial Balance January 31, 2024 Debit Credit Cash $4,910 Accounts receivable 14,530 Prepaid insurance 3,840 Supplies 6,520 Equipment 32,850 Accumulated depreciation-equipment $13,140 Accounts payable 7,720 Notes payable 9,600 Unearned revenue 7,660 E. Walker, capital 18,250 E. Walker, drawings 119,200 Service revenue 215,470 Rent expense 20,590 Salaries expense 66,730 Telephone expense 2,670 $271,840 $271,840Additional information: 1. A one-year insurance policy was purchased on July 1, 2023, 2. A count of supplies on January 31, 2024, shows $910 of supplies on hand. 3. The equipment has an estimated useful life of five years. 4. An analysis of the Unearned Revenue account shows that $5,040 of the services had been provided by January 31, 2024. 5. The eight-month, 6% note was issued on November 1, 2023. Interest and principal are due on the maturity date. &, Salaries accrued to January 31, 2024, were $1,335. 7. OnJanuary 31, 2024, the company had provided services but not billed or recorded service revenue of $2,650. 8. The telephone bill for January 2024 was $155. It has not been recorded or paid. (Use the Accounts Payable account.) Prepare T accounts and enter the unadjusted trial balance amounts. Cash v v Accounts Receivable Jan. 31 v 2650 v Prepaid Insurance Jan. 31 3840 v Supplies Jan. 31 v 910 Equipment Jan. 31 Accumulated Depreciation-Equipment Jan. 31 19710 Accounts Payable Jan. 31 155 Notes Payable v Unearned Revenue Jan. 31 v 5040Prepare the adjusting entries on January 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Date Account Titles and Explanation Debit Credit Jan. 31 Insurance Expense 3840 Prepaid Insurance 3840 Jan. 31 Supplies Expense 910 Supplies 910 Jan. 31 Depreciation Expense 6570 Accumulated Depreciation - Equipment 5570 Jan. 31 Unearned Revenue 5040 Service Revenue 5040 Jan. 31 Interest Payable 386 Interest Expense 386 Jan. 31 Salaries Expense 1335 Salaries Payable 1335 Jan. 31 Accounts Receivable 2650 Service Revenue 2650 Jan. 31 Telephone Expense 155 Accounts Payable 155Post the adjusting entries on January 31. (Post entries in the order of journal entries presented in the previous part.) Cash Jan. 31 4,910 Accounts Receivable Jan. 31 14,530 Jan. 31 2650 Jan. 31 v 17180 Prepaid Insurance Jan. 31 3,840 Jan. 31 3840 Supplies Jan. 31 6,520 Jan. 31 910 Jan. 31 v 6520 Jan 31 v 910 Equipment Jan. 31 32,850 Accumulated Depreciation-Equipment Jan. 31 13,140 Jan. 31 6570 Jan 31 v 19710\fPrepare an adjusted trial balance at January 31. WALKER ENTERPRISES Adjusted Trial Balance Debit Credit

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