REM Consulting is completing the accounting information processing at the end of the fiscal year,December 31.The following trial balances are available. 
(a) Reconstruct the adjusting entries and give a brief explanation of each.
(b) What is the amount of net income?
Definitions:
Doctor
A professional who practices medicine, which is concerned with promoting, maintaining, or restoring health through the study, diagnosis, prognosis, and treatment of disease, injury, and other physical and mental impairments.
Price Elasticity
A measure of how much the quantity demanded of a good responds to a change in its price, with elasticity greater indicating a more sensitive change.
Availability of Substitutes
A measure of the presence and desirability of alternative products or services that consumers can choose over the current one.
Price-elastic
Descriptive of a product or service for which demand significantly increases or decreases as the price changes.
Q11: The term used to describe an expense
Q35: A contract to provide tutoring services beginning
Q61: Journalize the following selected transactions for January.Explanations
Q75: The difference between the balance of a
Q105: Accrued salaries of $600 owed to employees
Q123: Which type of accountant typically practices as
Q133: Which of the following is an internal
Q183: The net income reported on the income
Q185: Companies like Enron,WorldCom,and Tyco International,Ltd.have been caught
Q221: A chart of accounts is<br>A)the same as