.The following are the account balances at the end of the
first month of business before adjusting entries were recorded:Accounts Payable$350Accounts Receivable750Cash 4325Consulting Revenue4925Equipment7000Jacki Lopez Capital15000Jacki Lopez Drawing1400Prepaid Rent6000Supplies
800Adjustment data:Supplies on hand at the end
of the month:$300Unbilled Consulting Revenue: $850Rent expense for the month: $2000Depreciation on equipment: $150(a)Prepare the required adjusting entries
adding accounts as needed.(b)Prepare an Adjusted Trial Balance for
JVL Consulting as of January 31 2011.