$ 32,360 460 720 260 14,600 24,600 2,600 4,600 1,300 16,000 2,665 9,800 Cash Accounts Receivable Prepaid Advertising Supplies Merchandise Inventory Store Equipment Accumulated Depreciation-Store Equipment Office Equipment Accumulated Depreciation Office Equipment Notes Payable, due 2020 Accounts Payable Wages Payable Social Security Tax Payable Medicare Tax Payable Unearned Seminar Fees Interest Payable Vincent Arroyo, Capital Vincent Arroyo, Drawing Income Summary Sales Sales Discounts Seminar Fee Income Purchases Purchases Returns and Allowances Freight In Rent Expense Wages Expense Payroll Taxes Expense Depreciation Expense-Store Equipment Depreciation Expense-Office Equipment Advertising Expense Supplies Expense Interest Expense 32,300 13,710 151,970 160 90,600 1,400 205 12,800 20,000 2,770 190 The Artisan Wines is a retail store selling vintage wines. On December 31, 2019, the firm's general ledger contained the accounts and balances below. All account balances are normal. ADJUSTMENTS: a.-b. Merchandise inventory at December 31, 2019, was counted and determined to be $11,600. c. The amount recorded as prepaid advertising represents $720 paid on September 1, 2019. for 12 months of advertising. d. The amount of supplies on hand at December 31 was $80. e. Depreciation on store equipment was $3,025 for 2019. f. Depreciation on office equipment was $900 for 2019. g. Unearned Seminar Fees represent $9.800 received on November 1, 2019, for seven seminars. At December 31, four of the seminars had been conducted. h. Wages owed but not paid at December 31 were $400. i. On December 31, 2019, the firm owed the employer's social security tax ($24.80) and Medicare tax ($5.80). j. The note payable bears interest at 6% per annum One month's interest is owed at December 31, 2019. Required: 1. Prepare the Trial Balance section of a 10-column worksheet. The worksheet covers the year ended December 31, 2019 2. Enter the adjustments above in the Adjustments section of the worksheet 3. Complete the worksheet Analyze: What was the amount of revenue earned by conducting seminars during the year ended December 31, 2019? DECIMENTO Cash Account Revale Prepard Advertising Supplies Merchandise Inventory Accumud Den Store Equipment Om Equipment Anunted Deprecation Office Equipment Notes Payable, due 2020 Accounts Payable Wages Payable Social Security Tax Payable Medicare Tax Payable Uhamed Seminars Interest Payable Vincent Arroyo Capital Vincent Arroyo, Drawing Income Summary Sales Disco Seminar Fee Income Purchases Purchases Reums Freight Rent Experise Wages Expense Payroll Taxes Expense Deprecation Expense Store Eo Depreciation Expense Oce Equim Advertising Expense Suscles Encense 000 000 000 000 3 000 000 income 3 0001 3 000 3 0.0013 000 Prev 1 2 3 Next >