A six-column table for JKL Company follows. The first two columns contain the unadjusted trial balance for the company as of July 31, 2016. The last two columns contain the adjusted trial balance as of the same date.
Required
Analysis Component
1. Analyze the differences between the unadjusted and adjusted trial balances to determine the eight adjustments that likely were made. Show the results of your analysis by inserting these adjustment amounts in the table's two middle columns. Label each adjustment with a letter a through h and provide a short description of it at the bottom of the table.
Preparation Component
2. Use the information in the adjusted trial balance to prepare the company's
(a) Income statement and its statement of retained earnings for the year ended July 31, 2016 (Retained earnings at July 31, 2015, was $25,000, and the current-year dividends were $5,000), and
(b) The balance sheet as of July 31, 2016.

Unadjusted Trial Balance Adjusted Trial Balance Adjustments Accounts recelvable Office supplies Prepald insurance Office equipment Accum. depreclation-_ $ 34,000 14,000 16,000 8,540 84,000 $ 34,000 22,000 2,000 2,960 84,000 Office equlp. Accounts payable Interest payable Salaries payable Unearned consulting fees Long-term notes payable Common stock $ 20,000 10,000 ,000 7,000 15,000 52,000 15,000 25,000 $14,000 9,100 18,000 52,000 15,000 25,000 5,000 5,000 Consulting fees earned 23,240 134,240 Office equlp. Salaries expense Interest expense Insurance expense Rent expense Office supplies expense Advertising expense 6,000 74,000 67,000 1,200 14,500 12.100 1 4,500 14,000 13,000 $256,340 $256,340 $279,240 $279,240