A B C D E F G H J K L M N 1 2 a) 3 As at December 31, 2015, employees had earned 900 of unpaid and unrecorded salaries. The next payday is January 4 at which time 1,600 of salaries will be paid P Q R S T U V W X Y Z AA AB AC Fast Forward Trial Balance December 31, 2015 Unadjusted Trial Adjustments Balance Adjusted Trial Balance Debit Credit Debit Credit Debit Credit Account Title Accounts Receivable 13,000 0 5,500 Equipment 130,000 Accumulated Depr - Equip 25,000 0 Salaries Payable 0 Unearned Consulting Revenue 14,000 Notes Payable 50,000 T. Allen, Capital 58,250 T. Allen, Withdrawals 20,000 Member Fees Earned 53,000 Depreciation Expense - Equ 0 Salaries Expense 28,000 Interest Expense Supplies Expense 3,750 0 Totals 200,250 200,250 b) The cost of supplies still available at December 31, 2015 is 2700 c) d) e) f) The notes payable requires an interest payment to be made every three months. The amount of unrecorded accrued interest at December 31, 2015 is 1,250. The next interest payment, at an amount of 1,500 is due on Jan 15 Analysis of the unearned member fees account shows 5,600 remaining unearned at December 31, 2015 In addition to the member fees included in the revenue account, the company has earned another 9,100 in unrecorded fees that will be collected on January 31, 2016. The company is also expected to collect 8,000 on that same day for new fees earned in January 2016 Depreciation expense for the year is 12,500 Cash Supplies Interest Payable - ;-""" 8 8 8 0 R TASK 1) Prepare the Journal Entries for the adjustments 2) Prepare the adjustments 3) Prepare the adjusted Trial Balance 4) Prepare the Balance Sheet