Account | Unadjusted Trial Balance | Adjustments | Adjusted Trial Balance | |||
Dr | Cr | Dr | Cr | Dr | Cr | |
Cash | $120,660 | $120,660 | ||||
Accounts receivable | $11,000 | $12,500 | $23,500 | |||
Office supplies | $17,800 | $13,800 | $4,000 | |||
Prepaid insurance | $6,640 | $3,680 | $2,960 | |||
Office equipment | $82,000 | $82,000 | ||||
Accumulated depreciation-Office equipment | $23,000 | $7,000 | $30,000 | |||
Accounts payable | $9,100 | $2,900 | $12,000 | |||
Interest payable | $1,500 | $1,500 | ||||
Salaries payable | $17,000 | $17,000 | ||||
Unearned Consulting fees | $30,000 | $15,000 | $15,000 | |||
Long-term notes payable | $62,000 | $62,000 | ||||
L.Logan, capital | $52,000 | $52,000 | ||||
L.Logan, withdrawals | $5,500 | $5,500 | ||||
Consulting fees earned | $163,000 | $12,500 | $175,500 | |||
Consulting fees earned (Unearned fees adjusted) | $15,000 | $15,000 | ||||
Depreciation expense-office equipment | $7,000 | $7,000 | ||||
Salaries expense | $67,320 | $17,000 | $84,320 | |||
Interest expense | $1,280 | $1,500 | $2,780 | |||
Insurance expense | $3,680 | $3,680 | ||||
Rent expense | $14,640 | $14,640 | ||||
Office supplies expense | $13,800 | $13,800 | ||||
Advertising expense | $12,260 | $2,900 | $15,160 | |||
Totals | $339,100 | $339,100 | $73,380 | $73,380 | $380,000 | $380,000 |
________________________________________________________________________
Working as follows:
Accounts receivable balance increased that indicates consulting fees earned, entry as below:
and,
Unearned consulting balance decrease that indicated fees earned during the period, entry as below:
Please feel free to ask any query reagarding the soultion. Give positive rating if you like the solution. Thank You!
(The following information applies to the questions displayed below.) A six-column table for JKL Company follows....
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