The following information applies to the questions displayed

The following information applies to the questions displayed below] Asix-column table for JKL Company follows. The first two columns contain the unadjusted trial balance for the company as of July 31, 2017. The last two columns contain the adjusted trial balance as of the same date. Unadjusted Adjusted Cash Accounts receivable Office supplies Prepaid insurance Office equipment Accum. Depreciation-Office equip. Accounts payable 34,0e0 14,000 16,800 8,540 84,800 $ 34,0e0 22,000 2,000 2,960 84,800 2 s 14,ee 9,100 Salaries payable Unearned consulting fees Long-term notes payable . Logan, Capital 0. Logan, Withdrawals Consulting fees earned Depreciation expense-Office equip. Salaries expense $ 20,000 10,000 1,000 7,800 15,000 52,000 40,e00 18,000 52,000 40,000 5,000 5,000 123,240 134,240 6,000 74,000 2,200 5,580 14,500 14,000 13,000 67,000 Insurance expense Rent expense office supplies expense Advertising expense Totals 1,200 14,500 12,100 256,340 $256,340 s 279,240 $279,248

Solution

JKL Company Unadjusted Trial Balance Adjustments Adjusted Trial Balance Particular Debit Credit Debit Credit Cash $    34,000.00 $    34,000.00 Accounts Receivable=($14000+$8000) $    14,000.00 $    8,000.00 $    22,000.00 Office Supplies=($16000-$14000) $    16,000.00 $ 14,000.00 $      2,000.00 Prepaid Insurance($8540-$5580) $      8,540.00 $    5,580.00 $      2,960.00 Office Equipment $    84,000.00 $    84,000.00 Accumulated Depreciation-Office Equipment($14000+$6000) $      14,000.00 $    6,000.00 $       20,000.00 Accounts Payable($9100+$900) $        9,100.00 $        900.00 $       10,000.00 Interest Payable $                     -   $    1,000.00 $         1,000.00 Salary Payable $                     -   $    7,000.00 $         7,000.00 Unearned Consulting fees=($18000-$3000) $      18,000.00 $    3,000.00 $       15,000.00 Long Term Notes Payable $      52,000.00 $       52,000.00 Logan\'s Capital $      40,000.00 $       40,000.00 Logan\'s Withdrawls $      5,000.00 $      5,000.00 Consulting fees earned=($123240+$11000) $    123,240.00 $ 11,000.00 $    134,240.00 Depreciaition expense-Office Equipment $                   -   $    6,000.00 $      6,000.00 Salaries Expense=($67000+$7000) $    67,000.00 $    7,000.00 $    74,000.00 Interest Expense=($1200+$1000) $      1,200.00 $    1,000.00 $      2,200.00 Insurance Expenses $                   -   $    5,580.00 $      5,580.00 Rent Expense $    14,500.00 $                 -   $    14,500.00 Office Supplies Expenses $                   -   $ 14,000.00 $    14,000.00 Advertising Expense=($12100+$900) $    12,100.00 $        900.00 $    13,000.00 Total $ 256,340.00 $    256,340.00 $ 45,480.00 $ 45,480.00 $ 279,240.00 $    279,240.00