1. On the AJE worksheet, prepare the adjusting journal entries in good form for the following items. Identify each entry by letter in Column B. Round all answers to the nearest dollar. You may omit explanations. Leave a blank row between each journal entry. All the accounts you need are given on the worksheet. Use only these accounts. Prepare journal entries and financial statements for the year ended December 31, 2017. No adjusting entries have been made since December 31, 2016. Do not use "Cash" account only one balance sheet account and one income statement account.

d. Store supplies totaling $14,800 were purchased during the year and were immediately expensed. A physical count of the store supplies on hand December 31, 2017, indicates a balance of $2,100.

The entry im asking you to make IS the adjusting entry.

This is the only other information i have!

Grizzlies, Inc.

Worksheet

For the Year Ended December 31, 2017

Unadjusted

Adjusted

Trial Balance

Adjustments

Trial Balance

Income Stmt

Balance Sheet

Account Title

Dr.

Cr.

Dr.

Cr.

Dr.

Cr.

Dr.

Cr.

Dr.

Cr.

Cash

36,000

Accounts Receivable

277,000

Inventory

242,500

Prepaid Insurance

11,200

Prepaid Rent

3,000

Store Supplies

-

Shop Supplies

7,500

Store Equipment

120,000

Accumulated Depreciation - Store Equipment

13,200

Office Equipment

32,000

Accumulated Depreciation - Office Equipment

2,550

Accounts Payable

49,000

Salaries Payable

Interest Payable

Utilities Payable

Unearned Consulting Revenue

14,000

Unearned Rent Revenue

16,800

Note Payable

18,000

Common Stock

300,000

Retained Earnings

189,350

Dividends

12,800

Sales Revenue

1,576,150

Consulting Revenue

Rent Revenue

Interest Revenue

Cost of Goods Sold

975,000

Sales Salaries Expense

275,000

Office Salaries Expense

150,000

Miscellaneous Administrative Expense

5,650

Miscellaneous Selling Expense

13,900

Depreciation Expense - Store Equipment

Depreciation Expense - Office Equipment

Store Supplies Expense

17,500

Shop Supplies Expense

Rent Expense

Insurance Expense

Interest Expense

Utilities Expense-Store

Utilities Expense-Office

2,179,050

2,179,050