The trial balance of Hakala Company as of December 31, the end of its current fiscal year, is on the next page.

Here are the data for the adjustments:

a-b. Merchandise Inventory at December 31, $65,749.80.

c. Store supplies inventory, $404.32.

d. Insurance expired, $736.

e. Salaries accrued, $586.80.

f. Depreciation of store equipment, $3,920.

P.0.4 Instructions Complete the work sheet after entering the account names and balances into the work sheet.

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Cash Hakala Company Trial Balance December 31, 19- ACCOUNT NAME Merchandise Inventory Store Supplies Prepaid Insurance Store Equipment Accumulated Depreciation, Store Equipment Accounts Payable Sales Tax Payable R. P. Hakala, Capital DEBIT CREDIT 913654 6285482 146684 102000 3734000 2483600 1428696 24698 5505984 R. P. Hakala, Drawing Sales 2900000 1779 66 34 Sales Returns and Allowances 149384 Purchases 7880084 Purchases Returns and Allowances Purchases Discount Freight In Salary Expense Rent Expense Miscellaneous Expense 1440000 103884 275 7 5 7 58 275 7 5 7 58 185782 1503 64 263700 3656886