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PROBLEMI (30%) An analysis of selected accounts in the Madoff Company's general ledger prior to...

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PROBLEMI (30%) An analysis of selected accounts in the Madoff Company's general ledger prior to adjustments showed the following balances on December 31, 2017 $ 9,600 2,900 800,000 180,800 800,000 530,000 1,560,000 Prepaid Insurance Supplies 1 Accumulated Depreciation-Bldg. Unearned Service Revenues Consulting Fees Salaries Expense ADDITONAL DATA: a. Prepaid Insurance relates to an annual insurance policy purc purchased on Sept. 1,201 b. A physical count of supplies shows that $210 of supplies remain c The annual building depreciation is $40,000. 75% of the Unearned Service Revenue was actually earned by the end of the e. Unbilled consulting fees for work done by Madoff totaled s3,300, The five-day payroll of Madoff Company is $20,000. Salaries are paid December 31, 2017 fell on a Tuesday. es are paid every Friday INSTRUCTIONS Prepare all the necessary adjusting entries for each of the above

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