Problem 4-6A (P4-6A) The following six-column table for Bullseye Ranges includes the unadjusted trial balance as of December 31 2005.1. Complete the six-column table by entering adjustments that reflect the following information:a.
As of December 31 2005 employees had earned $900 of unpaid and
unrecorded salaries. The next payday is January 4 at which time $1600
of salaries will be paid.b. The cost of supplies still available at December 31 2005 is $2700.c.
The notes payable requires an interest payment to be made every three
months. The amount of unrecorded accrued interest at December 31 2005
is $1250. The next interest payment at an amount of $1500 is due on
January 15 2006.d. Analysis of the unearned member fees account shows $5600 remaining unearned at December 31 2005.e.
In addition to the member fees included in the revenue account balance
the company has earned another $9100 in unrecorded fees that will be
collected on January 31 2006. The company is also expected to collect
$8000 on that same day for new fees earned in January 2006.f. Depreciation expense for the year is $12500.2. Prepare journal entries for the adjustments entered in the six-column table for part 1.3. Prepare journal entries to reverse the effects of the adjusting entries that involve accruals.4. Prepare journal entries to record the cash payments and cash collections described for January.