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A six-column table for JKL Company follows. The first two columns contain the unadjusted trial balance...


A six-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
Trial Balance
Adjusted
Trial Balance
Cash $ 108,120 $ 108,120
Accounts receivable 10,000 20,000
Office supplies 17,200 6,500
Prepaid insurance 7,540 3,160
Office equipment 90,000 90,000
Accum. Depreciation—Office equip. $ 25,000 $ 32,000
Accounts payable 10,100 24,000
Interest payable 0 3,000
Salaries payable 0 5,000
Unearned consulting fees 32,000 15,000
Long-term notes payable 54,000 54,000
J. Logan, Capital 46,000 46,000
J. Logan, Withdrawals 5,500 5,500
Consulting fees earned 167,000 194,000
Depreciation expense—Office equip. 0 7,000
Salaries expense 67,580 72,580
Interest expense 1,290 4,290
Insurance expense 0 4,380
Rent expense 14,600 14,600
Office supplies expense 0 10,700
Advertising expense 12,270 26,170
Totals $ 334,100 $ 334,100 $ 373,000 $ 373,000

2(a-1) Prepare JKL Company's income statement for the year ended July 31, 2017.
2(a-2) Prepare JKL Company's statement of owner’s equity for the year ended July 31, 2017. Note: J. Logan, Capital at July 31, 2016, was $46,000, and the current-year withdrawals were $5,500.
2(b) Prepare JKL Company's the balance sheet as of July 31, 2017.
  

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