The balances of the ledger accounts of Balzimer Home Center P,0.4,5 as of June 30, the end of its fiscal year, are as follows:

Here are the data for the adjustments:
a-b. Merchandise Inventory at June 30, $114,600.

c. Salaries accrued at June 30, $1,440.

d. Insurance expired during the year, $900.

e. Supplies inventory at June 30, $285.

f. Depreciation of store equipment, $3,750.
g. Depreciation of office equipment, $1,950.
h. Rent earned, $2,250.
Instructions 1. Complete the work sheet after entering the account names and balances into the work sheet.
2. Journalize the adjusting entries.

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Cash Accounts Receivable $ 14,775 51,300 Merchandise Inventory 72,900 Supplies 1,470 Prepaid Insurance 1,080 Store Equipment 26,790 Accumulated Depreciation, Store Equipment 16,200 Office Equipment 9,600 Accumulated Depreciation, Office Equipment 4,815 Notes Payable 3,600 Accounts Payable 42,900 Salaries Payable - Unearned Rent 2,700 F. C. Balzimer, Capital 95,340 F. C. Balzimer, Drawing 24,000 Income Summary Sales 466,500 Sales Returns and Allowances 3,210 Rent Income Purchases 368,010