REM Consulting is completing the accounting information processing at the end of the fiscal year, December $31.$ The following trial balances are available.

AccountsUnadjusted

Trial Balance

Adjusted

Trial Balance

$$DebitCreditDebitCreditCash$13,00013,000$Accounts Receivable$1,5001,800$Prepaid Insurance$600200$Supplies$3,8003,000$Machines$30,00030,000$Accumulated Depreciation$12,00017,500$Wages Payable$900$Unearned Fees$6,7006,500$Randall E$.$ Moore, Capital$24,00024,000$Randall E$.$ Moore, Drawing$4,8004,800$Fees Earned$25,00025,500$Wages Expense$14,00014,900$Depreciation Expense$5,500$Supplies Expense$800$Insurance Expense$40067,70067,70074,40074,400$

Question Content Area

a$.$Reconstruct the adjusting entries. If an amount box does not require an entry, leave it blank.

blank

Accounts PayableAccounts ReceivableCashFees EarnedUnearned Fees

Accounts PayableAccounts ReceivableCashFees EarnedUnearned Fees

Record Accrued Feesblankblankblank

Accounts PayableAccounts ReceivableCashInsurance ExpensePrepaid Insurance

Accounts PayableAccounts ReceivableCashInsurance ExpensePrepaid Insurance

Record Expired Insuranceblankblankblank

Accounts PayableAccounts ReceivableCashSuppliesSupplies Expense

Accounts PayableAccounts ReceivableCashSuppliesSupplies Expense

Record Supplies Usedblankblankblank

Accounts PayableAccounts ReceivableAccumulated DepreciationCashDepreciation Expense

Accounts PayableAccounts ReceivableAccumulated DepreciationCashDepreciation Expense

Record Depreciationblankblankblank

Accounts PayableAccounts ReceivableCashWages ExpenseWages Payable

Accounts PayableAccounts ReceivableCashWages ExpenseWages Payable

Record Accrued Wagesblankblankblank

Accounts PayableAccounts ReceivableCashFees EarnedUnearned Fees

Accounts PayableAccounts ReceivableCashFees EarnedUnearned Fees

Record Revenue Earned

Question Content Area

b$.$Determine the amount of REM's net income or loss.