Question

A six-column table for JKL Company follows. The first two columns contain the unadjusted trial balance for the company as of July 31, 2015. The last two columns contain the adjusted trial balance as of the same date. Analyze the differences between the unadjusted and adjusted trial balances to determine the adjustments that likely were made. Show the results of your analysis by entering these adjustment amounts in the cells provided.

Answer 1

Unadjustecd Trial BalanceAdjustments Adiusted Trial Balance Debit Credit Debit Credit Debit Credit CASH ACCOUNTS RECEIVABLE OFFICE SUPPLIES PREPAID INSURANCE OFFICE EQUIPMENT ACCUMULATED DEPRECIATION ACCOUNTS PAYABLE INTEREST PAYABLE SALARIES PAYABLE UNEARNED CONSULTING FEE LONG-TERM NOTES PAYABLE J.LOGAN CAPITAL J.LOGAN WITHDRAWALS CONSULTING FEE EARNED CONSULTING FEE EARNED(UNEARNED FEE ADJUSTED) DEPRECIATION EXPENSE SALARIES EXPENSE INTEREST EXPENSE INSURANCE EXPENSE RENT EXPENSE OFFICE SUPPLIES EXPENSE ADVERTISING EXPENSE TOTAL 103450 9000 17200 9640 82000 103450 24000 9200 8000 58803760 82000 Al 15000 24000 D 9100 E O F 8000 14900 2000 7000 32000 24000 2000 7000 18000 50000 46000 32000| Al 14000 50000 46000 9000 9000 165000 A 29000 194000 DI 8000 GI 7000 FI 2000 C 5880 8000 74880 3230 5880 14560 9200 27040 67880 1230 14560 Bl 9200 E 14900 12140 326100 326100 75980 75980 373000 373000 A. CONSULTING FEE EARNED 15,000 AND UNEARNED FEE 14,000 B. OFFICE SUPPLIES USED DURING THE yEAR 9,200 C. INSURANCE EXPENSE USED DURING THE yEAR $. 5,880 D. DEPRECIATION CHARGED ON OFFICE EQUIPMENT 8,000 E. ADVERTISMENT EXPENSE PAyABLE 14,900 F. INTEREST PAyABLE 2,000 G. SALARIES PAyABLE 7,000