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Wedona Energy Consultants prepares adjusting entries monthly. Based on an analysis of the unadjusted trial balance at January 31 , 2023, the following information was

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Wedona Energy Consultants prepares adjusting entries monthly. Based on an analysis of the unadjusted trial balance at January 31 , 2023, the following information was avallabie for the preparation of the January 31, 2023, month-end adjusting entries: a. Equipment purchased on November 1 of this accounting period for $14,160 is estimated to have a useful ife of 2 years. After 2 years of use, It is expected that the equipment will be scrapped due to technological obsolescence. b. Of the $11,300 balance in Uneamed Consulting Revenue, $8,600 had been earned c. The Prepaid Rent account showed a balance of $13,200. This was pald on January 1 of this accounting period and represents six months of rent commenang on the same date. d. Accrued wages at January 31 totalled $18,400. e. One month of interest had accrued at the rate of 3% per year on a $40,000 note payable. t. Unrecorded and uncollected consulting revenues at month-end were $6,100. 9. A $3,420 insurance policy was purchased on April 1 of the current accounting period and debited to the Prepaid Insurance account. Coverage began April 1 for 18 months h. The monthly depreciation on the office furniture was $620 1. Repatr revenues accrued at monthend totalled $3,300 J. The Store Supplies account had a balance of $790 at the beginning of January. During January, $1,770 of supplies were purchased and debited to the Store Supplies account. At month-end, a count of the supplies revealed a balance of $640. Assume Wedona Energy uses the straight-line method to depreciate its assets. Required: Prepare adjusting joumal entries for the month ended January 31,2023 , based on the above

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