After reviewing the assigned chapter and studying the interactive presentation of the sixth step of the accounting cycle, complete the following activity.

Prepare the unadjusted trial balance. Company (Your Name) Unadjusted Trial Balance Account Balance Cash $300,000.00 Prepaid Insurance $40,000.00 Supplies $8,800.00 Equipment $40,000.00 Accounts Receivable $125,000.00 Notes Payable $45,000.00 Accounts Payable $50,000.00 Carmelo Ruiz, Capital $153,000.00 Carmelo Ruiz, Drawing $10,000.00 Fee Earned $ 959,800.00 Utilities expense $14,000.00 Insurance expense $500.00 Salary expense $600,000.00 Advertising expense $4,500.00 Rent expense $65,000.00 Use the template provided here (Download here) and perform the following: Prepare the adjusting entries. At the end of July 20X5, the company had the following adjustments to make:

The month-end materials inventory was $3,800. One month's prepaid insurance has already expired. Depreciation of $5,000 must be recorded for the current month. Unrecorded credit services total $2,875. Accrued and unpaid wages were $1,575. Make entries in the general ledger - T accounts. Prepare the adjusted trial balance.

General Ledger (Cuentas T) Account receivable 12 Salaries Payable 22 Fees Earned 41 Fecha Descripcion Debito Credito Balance Fecha Descripcion Debito Credito Balance Fecha Descripcion Debito Credito Balance 23 51 Supplies 13 Unearned Fee Revenue Salaries expense Fecha Descripcion Debito Credito Balance Fecha Descripcion Debito Credito Balance Fecha Descripcion Debito Credito Balance Prepaid Insurance 15 Supplies Expense 52 Fecha Descripcion Debito Credito Balance Fecha Descripcion Debito Credito Balance Equipment 16 Insurance Expense 53 Fecha Descripcion Debito Credito Balance Fecha Descripcion Debito Credito Balance 54 Accumulated Depreciation 17 Depreciation expense Fecha Descripcion Debito Credito Balance Fecha Descripcion Debito Credito Balance Rent expense 55 Fecha Descripcion Debito Credito Balance