Required information Problem 3-4A Interpreting unadjusted and adjusted trial balances, and preparing financial statements LO P1, P2, P3, P4, P5, P6 [The following information applies to the questions displayed below) A six-column table for JKL Company follows. The first two columns contain the unadjusted trial balance for the company as of July 31. The last two columns contain the adjusted trial balance as of the same date. Unadjusted Trial Balance $ 97,940 14,000 17,800 10, 240 83,000 $ 24,000 8,100 Cash Accounts receivable office supplies Prepaid insurance office equipment Accum. Depreciation office equip. Accounts payable Interest payable Salaries payable Unearned consulting fees Long-term notes payable 3. Logan, Capital 3. Logan, Withdrawals Consulting fees earned Depreciation expense-Office equip. Salaries expense Adjusted Trial Balance $ 97,940 21,000 9,500 2,960 83,000 $ 30,000 22,000 2,500 9,000 16,000 56,000 46,000 7,000 183,000 6,000 76,490 24,000 56,000 46,000 7,000 168,000 67,490 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. Account Adjustments Unadjusted Trial Balance $ 97,940 14,000 17,800 10,240 83,000 $ 24,000 8,100 0 Cash Accounts receivable Office supplies Prepaid insurance Office equipment Accumulated depreciation--Office equipment Accounts payable Interest payable Salaries payable Unearned consulting fees Long-term notes payable J. Logan, Capital J. Logan, Withdrawals 5 Adjusted Trial Balance $ 97,940 21,000 9,500 2,960 83,000 $ 30,000 22.000 2,500 9,000 0 24,000 56,000 46.000 16.000 56,000 46,000 7.000 7.000 4con 403 ANA co Required information 83,000 83,000 $ $ 24,000 8,100 0 0 30.000 22,000 2,500 9,000 16.000 56,000 46,000 24,000 56,000 46.000 7,000 7,000 Office equipment Accumulated depreciation-Office equipment Accounts payable Interest payable Salaries payable Unearned consulting fees Long-term notes payable J. Logan, Capital J. Logan, Withdrawals Consulting fees earned Consulting fees earned (Unearned fees adjusted) Depreciation expense-Office equipment Salaries expense Interest expense Insurance expense Rent expense Office supplies expense Advertising expense Totals 168,000 183,000 0 6,000 67,490 76.490 1,300 0 14.820 0 3.800 7.280 14,820 8,300 26,410 364,500 $ 12 510 326,100 $ $ 326,100 $ 0 S 0 S 364,500 Required information Problem 3-4A Interpreting unadjusted and adjusted trial balances, and preparing financial statements LO P1, P2, P3, P4, P5, P6 [The following information applies to the questions displayed below) A six-column table for JKL Company follows. The first two columns contain the unadjusted trial balance for the company as of July 31. The last two columns contain the adjusted trial balance as of the same date. Unadjusted Trial Balance $ 97,940 14,000 17,800 10, 240 83,000 $ 24,000 8,100 Cash Accounts receivable office supplies Prepaid insurance office equipment Accum. Depreciation office equip. Accounts payable Interest payable Salaries payable Unearned consulting fees Long-term notes payable 3. Logan, Capital 3. Logan, Withdrawals Consulting fees earned Depreciation expense-Office equip. Salaries expense Adjusted Trial Balance $ 97,940 21,000 9,500 2,960 83,000 $ 30,000 22,000 2,500 9,000 16,000 56,000 46,000 7,000 183,000 6,000 76,490 24,000 56,000 46,000 7,000 168,000 67,490 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. Account Adjustments Unadjusted Trial Balance $ 97,940 14,000 17,800 10,240 83,000 $ 24,000 8,100 0 Cash Accounts receivable Office supplies Prepaid insurance Office equipment Accumulated depreciation--Office equipment Accounts payable Interest payable Salaries payable Unearned consulting fees Long-term notes payable J. Logan, Capital J. Logan, Withdrawals 5 Adjusted Trial Balance $ 97,940 21,000 9,500 2,960 83,000 $ 30,000 22.000 2,500 9,000 0 24,000 56,000 46.000 16.000 56,000 46,000 7.000 7.000 4con 403 ANA co Required information 83,000 83,000 $ $ 24,000 8,100 0 0 30.000 22,000 2,500 9,000 16.000 56,000 46,000 24,000 56,000 46.000 7,000 7,000 Office equipment Accumulated depreciation-Office equipment Accounts payable Interest payable Salaries payable Unearned consulting fees Long-term notes payable J. Logan, Capital J. Logan, Withdrawals Consulting fees earned Consulting fees earned (Unearned fees adjusted) Depreciation expense-Office equipment Salaries expense Interest expense Insurance expense Rent expense Office supplies expense Advertising expense Totals 168,000 183,000 0 6,000 67,490 76.490 1,300 0 14.820 0 3.800 7.280 14,820 8,300 26,410 364,500 $ 12 510 326,100 $ $ 326,100 $ 0 S 0 S 364,500