Question

Required information Problem 3-4A Interpreting unadjusted and adjusted trial balances, and preparing financial statements LO P1, P2, P3 [The following information applies to the questions displayed below.) A six-column table for JKL Company follows. The first two columns contain the unadjusted trial balance for the company as of July 31, 2017. The last two columns contain the adjusted trial balance as of the same date. $ Unadjusted Trial Balance 90.400 12,000 17,800 6.640 90,000 $ 24,000 10,100 Cash Accounts receivable office supplies Prepaid insurance Office equipment Accum. Depreciation office equip. Accounts payable Interest payable Salaries payable Unearned consulting fees Long-term notes payable Common stock Retained earnings Dividends Consulting fees earned Depreciation expense-office equip. Salaries expense Interest expense Insurance expense Rent expense office supplies expense Advertising expense Totals 20.000 58.000 30,000 20.000 Adjusted Trial Balance $ 90.400 19,000 10.000 3,760 90.000 $ 28,000 22,000 2.000 13,000 19,000 58.000 30,000 20,000 9,500 168,000 4.000 80,340 3,290 2,880 14, 680 7.800 24,350 $360,000 $360,000 9,500 160,000 67.340 1,290 14.680 12.450 $ 322,100 $322,100

Answer 1

Income statement Fees earned! Cansulay Ayp office Equipement aleuier eap Inhrest Ex Insierane Enp Reut Ex P Cr 1.6.8000 G000 Rasyo 3290 2&80 14 680 1800 24350 fa appies Exp Nr 9ucome 30660 9statement f Retained bairy Opening Aai 20000 30660 (9500) 4$160 Ade Net Jucome Dinded Balane lers claing Balane shet liahi tie Acout paybu Iut Paynke alary paiyshle Amt Awet Cumreut Ast 22000 2000 13000 19000 5 &000 Arah Cash 14000 ARuivarle Snerned ConruLk lony tera Ahte pug ble 3160 Prspuid Iusur 30000 4$160 Commen eck Ritainel Ear caf offee Cg Ioce Dep 62000 95160