ACCOUNTS AND BALANCES Cash 4800 Dr Accounts Receivable 1700

ACCOUNTS AND BALANCES

Cash $4,800 Dr.

Accounts Receivable $1,700 Dr.

Allowance for Doubtful Accounts $43 Cr.

Merchandise Inventory $10,400 Dr.

Supplies $1,110 Dr

Prepaid Advertising $1.080 Dr

Store Equipment $7,560 Dr

Accumulated Depreciation-StoreEquip $1410 Cr

Office equipment $1,410 Cr

Accumulated Depreciation-OfficeEquip $190 Cr

Accounts Payable $2,535 Cr

Social Security Tax Payable $340 Cr

Medicare Tax Payable $79 Cr

Federal Unemployment Tax Payable

State Unemployment Tax Payable

Salaries Payable

Beth Argo, Capital $21,015 Cr

Beth Argo, Drawing $19,100 Dr

Sales $85,548 Cr

Sales Returns and Allowances $1,010 Dr

Purchases. $43,700 Dr

Purchases Returns and Allowances. $340 Cr

Rent Expense. $5,100 Dr

Telephone Expense $500 Dr

Salaries Expense $13,200 Dr

Payroll Taxes Expense $1,180 Dr.

Income Summary

Supplies Expense

Advertising Expense

Depreciation Expense-Store Equip

Depreciation Expense-Office Equip

Uncollectible Account Expense

REQUIRED:

1. Prepare the Trial Balance section of a 10-column worksheet. The worksheet covers the year ended December 31, 2019.

2. Enter the adjustments above in the Adjustments section of the worksheet.

3. Complete the Worksheet

ANALYZE:

By what amount were the assets of the business affected by the adjustments?

*I flipped some images to be easier to read. Sorry for the duplicates*

Please and Thank you

nment Saved Cash Accounts Receivable Allowance for Doubtful Accounts Merchandise Inventory Supplies Prepaid Advertising Store Equipment Accumulated Depreciation-Store Equipment Office Equipment Accumulated Depreciation-office Equipment Accounts Payable Social Security Tax Payable Medicare Tax Payable Federal Unemployment Tax Payable State Unemployment Tax Payable Salaries Payable Beth Argo, Capital Beth Argo, Draving Sales Sales Returns and Allowances Purchases Purchases Returns and Allowances Rent Expense Telephone Expense Salaries Expense Payroll Taxes Expense Income Summary Supplies Expense Advertising Expense Depreciation Expense-Store Equipment Depreciation Expense-office Equipment Uncollectible Accounts Expense $ 4,800 Dr. 1,700 Dr. 43 Cr. 10,400 Dr. 1,110 Dr. 1,080 Dr. 7,560 Dr 1,410 Cr. 1,060 Dr. 190 Cr. 2,535 Cr 340 Cr. 79 Cr. 21,015 Cr. 19,100 Dr. 85,548 Cr. 1,010 Dr 43,700 Dr. 340 Cr. 5,100 Dr. 500 Dr. 13,200 Dr. 1,180 Dr. ADJUSTMENTS Prev 1 of 2 0

Working:

The Green Thumb Gardener
Worksheet
Year ended December 31, 2019
Account Name	Trial Balance	Adjustments	Adjusted	Income Statement	Balance Sheet
Debit	Credit	Debit	Credit	Debit	Credit	Debit	Credit	Debit	Credit
Cash	4800				4800				4800
Accounts Receivable	1700				1700				1700
Allowance for doubtful accounts		43		130		173				173
Merchandise Inventory	10400		43700	42679	11421				11421
Supplies	1110			880	230				230
Prepaid Advertising	1080			540	540				540
Stores Equipment	7560				7560				7560
Accumulated Depreciation - Stores Equipment		1410		1410		2820				2820
Office Equipment	1060				1060				1060
Accumulated Depreciation - Office Equipment		190		190		380				380
Accounts Payable		2535				2535				2535
Social Security Tax Payable		340		108		448				448
Medicare Tax Payable		79		25		104				104
Federal Unemployment Tax Payable				10		10				10
State Unemployment Tax Payable				94		94				94
Salaries Payable						0				0
Beth Argo, Capital		21015				21015				20747
Beth Argo, Drawing	19100				19100
Sales		85548				85548		85548
Sales Returns and Allowances	1010				1010		1010
Purchases	43700			43700	0
Purchase Returns and Allowances		340	340			0
Rent Expense	5100				5100		5100
Telephone Expense	500				500		500
Salaries Expense	13200				13200		13200
Payroll Taxes	1180		237		1417		1417
Cost of goods sold			42339		42339		42339
Supplies Expense			880		880		880
Advertising Expense			540		540		540
Depreciation Expense - Stores Equipment			1410		1410		1410
Depreciation Expense - Office Equipment			190		190		190
Uncollectible Accounts Expense			130		130		130
Totals	111500	111500	89766	89766	113127	113127	66716	85548	27311	27311
Net Income							18832
Grand Total							85548	85548	27311	27311

ACCOUNTS AND BALANCES Cash $4,800 Dr. Accounts Receivable $1,700 Dr. Allowance for Doubtful Accounts $43 Cr. Merchandise Inventory $10,400 Dr. Supplies $1,110

ACCOUNTS AND BALANCES Cash 4800 Dr Accounts Receivable 1700

Solution

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