General ledger account titles and balances for Trexler, Inc., are recorded on a work sheet in the Working Papers accompanying this textbook.

Instructions:

Complete the work sheet for the current year ended December 31. Record the adjustments on the work sheet using the following information.

Transcribed Image Text:

Adjustment Information, December 31 Accrued Interest Income Uncollectible Accounts Expense (estimated as 1.0% of sales on account) $ 160.17 126,405.00 Sales on Account for Year Merchandise Inventory Sales Supplies Inventory Administrative Supplies Inventory Value of Prepaid Insurance 51,450.23 1,202.70 959.85 1,436.58 Prepaid Interest 1.85 Annual Depreciation Expense-Store Equipment 1,294.57 Annual Depreciation Expense-Building 2,900.00 Annual Depreciation Expense-Office Equipment 3,018.64 Organization Expense 50.00 Accrued Interest Expense 4,002.57 Accrued Salaries-Sales 153.97 Accrued Salaries-Administrative 593.49 Accrued Payroll Taxes-Social Security Tax 48.59 Accrued Payroll Taxes-Medicare 11.21 Accrued Payroll Taxes-Federal Unemployment Tax 1.72 Accrued Payroll Taxes-State Unemployment Tax 11.61 Federal income taxes are based on the tax rate table in this chapter.