330.00 Healthy Eating Foods Company is a distributor of nutritious snack foods such as granola bars. On December 31, 20X1, the firm's general ledger contained the accounts and balances that follow. Cash HEALTHY EATING FOODS COMPANY Worksheet Trial Balance Debit Adjustments Credit Debit Credit Account Name Accounts Receivable Allowance for Doubtful $ 29,200.00 34,300.00 Year Ended December 31, 20X1 Adjusted Trial Balance Debit $ 29,200.00 Credit Income Statement Debit Credit Balance Sheet Debit $ 29,200.00 Credit 34,300.00 34,300.00 3,857.00 4,187.00 4,187.00 Accounts Merchandise 81,500.00 73,500.00 Inventory Supplies 9,500.00 Prepaid 4,320.00 Insurance 81,500.00 73,500.00 8,410.00 1,090.00 2,880.00 1,440.00 73,500.00 1,090.00 1,440.00 Office Equipment 6,860.00 6,860.00 6,860.00 Accumulated Depr.-Office 2,200.00 1,100.00 3,300.00 3,300.00 Equipment Warehouse 25,975.00 25,975.00 Equipment 25,975.00 Accumulated Depr.-Warehouse 9,150.00 4,575.00 13,725.00 13,725.00 Equipment Notes Payable- 27,500.00 Bank 27,500.00 27,500.00 Accounts Payable 11,300.00 11,300.00 Interest Payable 550.00 Social Security 1,590.00 254.20 Tax Payable 550.00 1,844.20 Medicare Tax 379.00 59.45 438.45 Payable Federal Unemployment Tax 24.60 24.60 11,300.00 550.00 1,844.20 438.45 24.60 Payable State Unemployment Tax 221.40 Payable Salaries Payable 4,100.00 Phillip Tucker, 99,828.00 Capital Phillip Tucker, 55,100.00 Drawing Sales 644,778.00 Sales Returns and Allowances 9,100.00 Purchases 345,500.00 Purchases Returns and 8,300.00 221.40 221.40 4,100.00 4,100.00 99,828.00 99,828.00 55,100.00 55,100.00 644,778.00 644,778.00 9,100.00 345,500.00 9,100.00 345,500.00 8,300.00 8,300.00 Allowance Income Summary 81,500.00 73,500.00 81,500.00 73,500.00 81,500.00 73,500.00 Rent Expenses 35,100.00 Telephone 1,300.00 Expense 35,100.00 35,100.00 1,300.00 1,300.00 Salaries Expense 155,500.00 4,100.00 159,600.00 159,600.00 Payroll Taxes 12,100.00 559.65 Expense 12,659.65 12,659.65 Supplies Expense 8,410.00 8,410.00 8,410.00 Insurance 2,880.00 Expense 2,880.00 2,880.00 Depr. Expense- 1,100.00 Equipment Accounts Expense Office Equipment Depr. Expense- Warehouse Uncollectible 1,100.00 1,100.00 4,575.00 4,575.00 4,575.00 3,857.00 3,857.00 3,857.00 550.00 550.00 550.00 Interest Expense Totals Net Income $805,355.00 $885,355.00 $181,031.65 $181,031.65 $893,596.65 $893,596.65 $666,131.65 $726,578.00 $227,465.00 $167,018.65 60,446.35 60,446.35 $726,578.00 $726,578.00 $227,465.00 $227,465.00 Required: 1. Record adjusting entries in the general journal as of December 31, 20X1. 2. Record closing entries in the general journal as of December 31, 20X1. 3. Record reversing entries in the general journal as of January 1, 20X2. Analyze: Assuming that the firm did not record a reversing entry for salaries payable, what entry is required when salaries of $5,200 are paid on January 3? Complete this question by entering your answers in the tabs below. Req 1 to 3 Analyze Record adjusting entries and closing entries in the general journal as of December 31, 20X1 and reversing entries as of January 1, 20X2. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet < 2 3 4 5 6 7 8 19 > Record an adjustment entry for beginning inventory. Note: Enter debits before credits. Date Dec 31, 20X1 General Journal Debit Credit Record entry Clear entry View general journal Rag 1 to 3 Analyze >