Question: Hello, if someone could help me with this that would be great A six-column table for JKL Company follows. The rst two columns contain the

 Hello, if someone could help me with this that would be

Hello, if someone could help me with this that would be great

great A six-column table for JKL Company follows. The rst two columnscontain the unadjusted trial balance for the company as of July 31,

A six-column table for JKL Company follows. The rst two columns contain the unadjusted trial balance for the company as of July 31, 2018. The last two columns contain the adjusted trial balance as of the same date. Unadjusted Adjusted Trial Balance Trial Balance Cash $ 34,000 $ 34,000 Accounts receivable 14,000 22,000 Office supplies 16,000 2,000 Prepaid insurance 8,540 2,960 Office equipment 84,000 84,000 Accum. DepreciationOffice equip. $ 14,000 $ 20,000 Accounts payable 9,100 10,000 Interest payable 0 1,000 Salaries payable 0 7,000 Unearned consulting fees 18,000 15,000 Longterm notes payable 52,000 52,000 Common stock 15,000 15,000 Retained earnings 25,000 25,000 Dividends 5,000 5,000 ConSulting fees earned 123,240 134,240 Depreciation expenseOffice equip. 0 6,000 Salaries expense 67,000 74,000 Interest expense 1,200 2,200 Insurance expense 0 5,580 Rent expense 14,500 14,500 Office supplies expense 0 14,000 Advertising expense 12,100 13,000 Totals $255,340 $256,340 $279,240 $279,240 I Required: 1. 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. x Answer is not complete. Account Unadjusted Trial Balance Adjustments Adjusted Trial Balance Cash 34,000 $ 34,000 Accounts receivable 14,000 8,000 22,000 Office supplies 16,000 14,000 2,000 Prepaid insurance 3,540 5,580 2,960 Office equipment 84,000 84,000 Accumulated depreciation-Office equipment $ 14,000 6,000 $ 20,000 Accounts payable 9,100 900 10,000 Interest payable 0 1,000 1,000 Salaries payable 0 7,000 7.000 Unearned consulting fees 18,000 3,000 15,000 Long-term notes payable 52,000 62,000 Common stock 15,000 15,000 Retained earnings 25,000 25,000 Dividends 5,000 5,000 Consulting fees earned 123,240 11,000 x 134,240 Consulting fees earned (Unearned fees adjusted) Depreciation expense-Office equipment 0 6,000 6,000 Salaries expense 67,000 7,000 74,000 Interest expense 1,200 1,000 2,200 Insurance expense 0 5,580 5,580 Rent expense 14,500 14,500 Office supplies expense 0 14,000 14,000 Advertising expense 12,100 900 13,000 Totals 256,340 256,340 $ 45,480 $ 45,480 $ 279,240 $ 279,240

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