37 222@@@8JX85888588888588FFFFFF9G998[ 2 3 4 8 -NM-565 CASH Buenaflorshoes Unadjusted Trial Balance At the end of February 28, 2021 DEBIT 495,180.00 ACCOUNTS RECEIVABLE 236,000.00 7 SUPPLIES 21,000.00 ACCOUNTS PAYABLE 239,000.00 9 PURCHASES 543,000.00 10 SALES 1,782,000.00 11 PURCHASE DISCOUNT 7,020.00 12 SALES DISCOUNT 20,840.00 SALES RETURNS & ALLOWANCES 141,000.00 PURCHASES RETURNS & ALLOWANCES 25,000.00 WITHDRAWALS 400,000.00 PURCHASE MERCHANDISE 125,000.00 MERCHANDISING EXPENSE 6,000.00 INTEREST EXPENSE 26,000.00 SALARIES EXPENSE 15,000.00 MISCELLANEOUS EXPENSE 7,000.00 23 FREIGHT IN FREIGHT OUT 13,000.00 4,000.00 2,053,020.00 2,053,020.00 CREDIT BuenaflorShoes Adjusting Entries 35 SALARIES EXPENSE SALARIES PAYABLE To record payable salaries INSURANCE EXPENSE DEBIT CREDIT 51,000.00 51,000.00 2,000.00 PREPAID INSURANCE 2,000.00 To record Expired insurance at month-end DEPRECIATION EXPENSE-BUILDING 9,000.00 ACCUMULATED DEPRECIATION - BUILDING 9,000.00 39 To record depreciation on building DEPRECIATION EXPENSE-EQUIPMENT 12,000.00 ACCUMULATED DEPRECIATION - EQUIPMENT 12,000.00 To record depreciation on equipment SUPPLIES EXPENSE 14,000.00 SUPPLIES 14,000.00 To record supplies expense MERCHANDISE INVENTORY INCOMESUMMARY To record inventory 397,000.00 397,000.00 485,000.00 485,000.00