question

example must be in T account

117 3,4 DOEN ce Determining Adjusting Entries, Posting to T Accounts, and Preparing an Adjusted Trial Balance P3. Kinokawa Consultants Company's trial balance on December 31, 2014, follows. Kinokawa Consultants Company Trial Balance December 31, 2014 Cash 12.786 Accounts Receivable 24.840 Office Supplies 991 Prepaid Rent 1400 Office Equipment 6.700 Accumulated Depreciation Office Equipment 1.600 Accounts Payable 1820 Notes Payable 10,000 Unearned Service Revenue 2.860 K. Wah, Capital 29,387 K. Wah, Withdrawals 15,000 Service Revenue 58.500 Salaries Expense 33.000 Utilities Expense 1,750 Rent Expense 7,700 104.167 104,167 The following information is also available: a. Ending inventory of office supplies, $86 b. Prepaid rent expired, $700 c. Depreciation of office equipment for the period, S600 d. Interest accrued on the note payable, 5600 c. Salaries accrued at the end of the period, $200 & Service revenue still unearned at the end of the periode $1,410 & Service revenue earned but not billed, 5600 REQUIRED 1. Open T accounts for the accounts in the trial balance plus the following: Interest Payable: Salaries Payable: Office Supplies Expense, Depreciation Expense-Office Equipment; and Interest Expense. Enter the account balances 2. Determine the adjusting entries and post them directly to the T accounts. 3. Prepare an adjusted trial balance. 4. ACCOUNTING CONNECTION Which financial statements do cach of the above adjustments affcct? What financial statement is not affected by the adjustments? dr cr $ Balance Salaries Expense $ 33,000 200 33,200 Balance