JKL Company Worksheet

Account
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
Consulting fees

Unadjusted
Trial Balance
Debit
Credit
34,000
14,000
16,000
8,540
84,000
14,000
9100
0
0
18,000
52,000
40,000
5,000
123,240

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Depreciation Expense, office equipment
Salaires Expense
Interest expense
Insurance expense
Rent Expense
Office supplies expense
Advertising Expense
Totals

0
67,000
1,200
0
14,500
0
12,100
256,340

256,340

Adjustments
Letter

Debit

A

Credit

8,000

H

Letter

3,000

A, H

11,000

Adjusted
Trial Balance
Debit
Credit
34,000
22,000
2,000
2,960
84,000
20,000
10,000
1,000
7,000
15,000
52,000
40,000
5,000
134,240
6,000
74,000
2,200
5,580
14,500
14,000
13,000
279,240

279,240

JKL COMPANY
Worksheet

Account
Cash
Accounts receivable (A)
Office supplies (B)
Prepaid insurance ©
Office equipment
Accumulated depreciation, Office equipment (D)
Accounts payable (E)
Interest payable (F)
Salaries payable (G)
Unearned consulting fees (H)
Long-term notes payable
J. Logan, Capital
J. Logan, Withdrawals
Consulting fees earned
Depreciation expense, Office equipment
Salaries expense
Interest expense
Insurance expense
Rent expense
Office supplies expense
Advertising expense
Totals

Unadjusted
Trial Balance
Debit
Credit
$34,000
14,000
16,000
8,540
84,000
$14,000
9,100
0
0
18,000
52,000
40,000
5,000
123,240
0
67,000
1,200
0
14,500
0
12,100
$256,340 $256,340

Adjustments
Debit
Credit

Adjusted
Trial Balance
Debit
Credit
$34,000
22,000
2,000
2,960
84,000
$20,000
10,000
1,000
7,000
15,000
52,000
40,000
5,000
134,240
6,000
74,000
2,200
5,580
14,500
14,000
13,000
$279,240 $279,240

A six column table for JKL Company is given. The first two columns contain the unadjusted trial balance for the company as of July 31, 2008/ The last two columns contain the adjusted trial balance as of the same date.
Analyze the differences between the unadjusted and adjusted trial balances to determine the eight adjustments that likely were made.
Show the results of your analysis by inserting these adjustments amounts in the table’s two middle columns. Label each adjustment with a letter A thru H
A. Accounts Receivable is associated with what credit account? See also H transaction
B. Office Supplies is associated with what expense account?
C. Prepaid Insurance is associated with what expense account?
D. Accumulated Deprecation, office equipment is associated with expense account?
E. Accounts Payable is associated with what expense account ?
F. Interest Payable is associated with what expense account?
G. Salaries Payable is associated with what expense account?
H. Unearned consulting fees is associated with what revenue account?
A and H is associated with the same credit account.