Question

Ngorithmic Soved Help Save & Exit Submit Check my work A six column table for JKL Company follows. The first two columns contain the unadjusted trial balance for the company as of July 31. The last two columns contain the adjusted trial balance as of the same date. Unadjusted Tr Balance $ 103,390 14.000 17.200 9,840 BS, 080 $ 24,000 9,100 26, Cash Accounts receivable office supplies Prepaid insurance Office equipment Accum. Depreciation Office equip. Accounts payable Interest payable Salaries payable Linearned consulting fees Long-term notes payable 9. Logan, Capital 2. Logan, Withdrawals Consulting fees earned Depreciation expense-Office equip Salaries expense Interest expense Insurance expense Rent expense Office supplies expense Advertising expense Total 58,ODD 48,000 Adjusted Trial Balance $ 103,380 25, BOB 5,000 2,960 85, $ 34, eee 20.000 2,500 9,000 14,990 58,00 48,000 8,500 191,800 10,000 76,830 3,780 6,080 14,560 12,200 23, 210 $ 376,500 $376,500 8,500 168,000 67,830 1,280 14 560 @ 12,310 233.180 $233 100 2 < Prev of 2 Next 0 W P

Answer 1

Answer Page 1 - Req 241 JKL COMPANY Income statement For the Year Ended July 31 $ Total $ Revenue (consulting fees) Less: Operating Expenses 191,000 Salaries Expense 76,830 Rent Expense 14,560 Advertising Expense 23,210 Depreciation Expense-office Equip. 10,000 Office Supplies Expense 12,200 Interest Expense 3,780 Insurance Expense 6,080 Total operating Expenses Operating Income 44 340 146650

Page : 2 -> Req 242 UKL COMPANY statement of Owner's Equity For Year Ended July 31 $ tA 48000 J. Logan, Capital Beginning Add: Additional contributions Net Income Total Less é J. Logan, Drawings J. Logan, Capital - Ending 144 340 192340 (8500) 83 840

Page :3 Req 28 $ JKL COMPANY Balance Sheet July 31 Assets Liabilities & Owher's Equity Current Assets Curent Liabilities cash 103380 | Accounts payable 20000 | Accounts salaries Payable 9000 Receivable Interest Payable office supplies Unearned consulting Prepaid Insurance 2960 Fees 14000 Total current Assets 136340 Total current Liabilities 45500 25000 2500 5000 Fixed Assets Long-Term Liabilities Long Term Notes Payable 58000 Office Equipment 85000 Less: Accumulated Depreciation (34000) Net Fixed Assets Owner's Equity Siogo 48000 capital - Beginning Add: Net Income 44340 92340 Lessi Drawings (8500) capital-closing 83840 Total Assets Total Liabilities & 187340 owner's Equity 1873 4.0 Balance sheet Prepared based on Account Format