Use the information presented in Problem 5-3A for the Eastman Store in solving this problem. However, in satisfying the following requirements, use the adjusting entry approach to accounting for merchandise inventories.

\section*{Required}

1. Copy the unadjusted trial balance on a work sheet form and complete the work sheet. (Note the adjustments information presented in Requirement 1 of Problem 5-3A.)

2. Journalize adjusting and closing entries for the store 3. Open a balance-column Merchandise Inventory account and enter a December 31,1989 , balance of \(\$ 47,000\). Then post those portions of the adjusting entries that affect the account.