Question

Problem 3-4A Interpreting unadjusted and adjusted trial balances, and preparing financial statements Lo P1, P2, P3, P4, PS, 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 My 31. The last two columns contain the adjusted trial balance as of the same date Unaduated Trial Balance $ 92.680 12.000 17,200 6.960 80,000 $ 20,000 A nts receivable orice supplies Prepaid surance Office equipment hou. Depreciation office equip. Mounts payable Taterest payable Salaries payable Unearted consulting fees Long-ter notes payable 3. Logan, Capital J. Logan, withdrawala Consulting fees earned Depreciation expense office equip. Salaries e pesse 20.000 52.000 56,000 usted Teal Balance $ 92,600 21,500 7.500 2.960 88.00 5 36,000 14.000 3.000 5.000 13,000 52.000 56,000 9.000 178.500 12.000 72.250 4.210 3.900 16.640 9.700 17.000 335,500 355500 9,000 162.000 67.250 1,210 Tasurance expense Rent expense Office supplies expense Advertising expense Totale $ 321,100 2,100 Problem 3-4A Part 1 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 Answer is not complete. Adjustment A Unaded Trial Balance 32.580 12.000 17200 ed Trial Balance 32 680 21.500 7500 Accounts recebe 9.500 Orice supplies 9700 39 6940 200 000 58.000 $ Oficument Accumulated depreciation orice equipment Acou partie rest payable 24000 100 35 000 14 000 12.000 4900 3.000 5 000 5000 20 000 52.000 54 000 13 000 52.000 54000 Uneamed consonges Long term pa Log Capital 2. Logan Withdrawal Consulting fees samed Consulting scared namned fees 9.000 000 2000 178 500 12.000 Depreciation expense Ofice equonent Series expert 12.000 5.000 67.250 72.250

Answer 1

	Unadjusted Trial Balance		Adjustments		Adjusted Trial Balance
Cash	92680				92680
Accounts receivable	12000		9500		21500
Office supplies	17200			9700	7500
Prepaid insurance	6940			3980	2960
Office equipment	88000				88000
Accum. Depreciation—Office equip.		24000		12000		36000
Accounts payable		9100		4900		14000
Interest payable		0		3000		3000
Salaries payable		0		5000		5000
Unearned consulting fees		20000	7000			13000
Long-term notes payable		52000				52000
J. Logan, Capital		54000				54000
J. Logan, Withdrawals	9000				9000
Consulting fees earned		162000		9500		178500
Consulting fees earned(Unearned fees adjusted)				7000
Depreciation expense—Office equip.	0		12000		12000
Salaries expense	67250		5000		72250
Interest expense	1210		3000		4210
Insurance expense	0		3980		3980
Rent expense	14640				14640
Office supplies expense	0		9700		9700
Advertising expense	12180		4900		17080
Totals	321100	321100	55080	55080	355500	355500