2 Golden Wedding Dress Company designs custom wedding dresses for brides to be. The person preparing the adjusting entries at year-end was unable to complete the adjustments due to illness. You have been given the following unadjusted trial balance along with some additional information for the December 31, 2023, year-end. Account Unadjusted Balance Accounts receivable Accum. deprec., building Accum. deprec., equipment Advance sales Allowance for doubtful accounts. Building Cash Equipment Estimated warranty liability Account $ 81,200 Land 120,000 Merchandise inventory 336,000 Mortgage payable 220,000 Note payable 500 Other operating expenses Unadjusted Balance $ 125,000 70,600 221,248 170,000 1,165,000 423,000 Sales 1,349,000 87,500 Salaries & admin expense 627,000 Sales returns and allowances 3,600 Sarah Golden, capital 34,060 8,000 201,012 Other information: 1. Assume all accounts have a normal balance. 2.75% of the balance in the Advance Sales account is for wedding dresses to be made and delivered by Golden during 2024; the remaining 25% is from sales earned during 2023. 3. Golden warranties its wedding dresses against defects and estimates its warranty liability to be 2% of adjusted net sales. 4. The 3%, 5-year note payable was issued on October 1, 2023; interest is payable annually each September 30. 5. The mortgage is paid annually on the first day of the next year. The next mortgage payment will be paid consisting of $8,850 interest and $23,929 principal for a total of $32,779. 6. Uncollectible accounts are estimated to be 1% of outstanding receivables. 7. A physical count of the inventory showed a balance actually on hand of $62,000. 8. Sarah promised her operations manager a year-end performance bonus of $2,749, which would be paid with her salary in January for high sales achieved this year. Required: 1. Based on the information provided, journalize the adjusting entries at December 31, 2023. Module 3: Assignment i 2 Required: Saved 1. Based on the information provided, journalize the adjusting entries at December 31, 2023. View transaction list Journal entry worksheet 2 34567 Record to adjust for earned sales. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2023 Record entry Clear entry View general journal > 2 Required: 1. Based on the information provided, journalize the adjusting entries at December 31, 2023. View transaction list Journal entry worksheet < 1 2 3 45 67 > Record the estimated warranty liability. Note: Enter debits before credits. Date December 31, 2023 General Journal Debit Credit Record entry Clear entry View general journal 2 Required: 1. Based on the information provided, journalize the adjusting entries at December 31, 2023. View transaction list Journal entry worksheet < 1 1 2 3 4567 Record the accrual of interest expense on the note payable. Note: Enter debits before credits. Date December 31, 2023 General Journal Debit Credit Record entry Clear entry View general journal 2 Required: 1. Based on the information provided, journalize the adjusting entries at December 31, 2023. View transaction list Journal entry worksheet < 1 1 2 3 + 5 6 7 > Record the accrual of interest on mortgage payable. Note: Enter debits before credits. Date December 31, 2023 General Journal Debit Credit View general journal Record entry Clear entry 2 Required: 1. Based on the information provided, journalize the adjusting entries at December 31, 2023. View transaction list Journal entry worksheet < 12 1 2 3 4 5 67 Record to adjust for estimated uncollectible accounts. Note: Enter debits before credits. Date December 31, 2023 General Journal Debit Credit Record entry Clear entry View general journal 2 Required: 1. Based on the information provided, journalize the adjusting entries at December 31, 2023. View transaction list Journal entry worksheet 1 2 3 4 5 7 Record to adjust for shrinkage. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2023 Record entry Clear entry View general journal 2 Required: 1. Based on the information provided, journalize the adjusting entries at December 31, 2023. View transaction list Journal entry worksheet 1 2 3 4 5 6 Record the adjustment for salaries owing. Note: Enter debits before credits. Date December 31, 2023 M General Journal Debit Credit Record entry Clear entry View general journal 2 the nearest whole dollar amount.) Current assets: Total current assets Property, plant and equipment: GOLDEN WEDDING DRESS COMPANY Balance Sheet December 31, 2023 Assets Total property, plant and equipment Total assets Current liabilities: Total current liabilities Non-current liabilities: Total liabilities Total liabilities and equity Liabilities Equity