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om H his Page Layout Fom Det F Hits towy w Xu Paco Gew om BTU text Merce Oct VII > Version 1 Inst Adused TO Dec 21, 2020 DI Reed Eames Dec12020 D Dr C Cash Accounts receivable TiAllowance for bad debits vonoy 9 Pispaid Expenses 1o Equipment 11 Accurated depreciation 12 Accounts payable Income tax payable B D E F C No lance Shed Unadused Adursments Dec 31 2020 D D 79.000 60,000 2600 00 33200 215.000 40.000 42.000 4000 15 Commons 15 Reindeaming 1/1/19 20.000 180.000 4B0.300 78000 4.000 1 Sales venue 20 Cord 21 22 23 Purchases 24 5 F 26 Purchase 77 paling penses 21 25 godt 30 Docation mapenda 30 lad debt expense Exchanges 33 Proson for the Total 3.000 10.000 6000 IIT 900 100 RE 30 Type town DELL Exam 21(1).doc . Word rew Help Acrobat Tell me what you want to do kendte AaBbc ABCD ABCN Atbccc AaB ABCD tadscence Emphasis Heading T Normal Tele T No Spac. Suite Em Intense Shong Faragraph S The Unndjusted Trial Balance columns of the partial worksheet which follows the exam includes the activity for 2020 but does not include any adjusting entries. The following information is given to you for the purpose of making year end adjusting entries The tax rate for the current and prior periods is 30% You may need to add accounts to the worksheet, space is provided for that purpose. Add any new accounts in the approximately correct location. Please nomber your worksheet adjustments to correspond with the information below. Operating expenses such as insurance, advertising wages and maintenance are included in a single operating expense account. Here is the adjustment information 1 Prepaid expenses include a one year insurance contract in the amount of $1,800 paid in July of 2020. It covers the period August 1, 2020 to July 31, 2021 2. A computer repair for $2,000 was made in December 2019, but the bill was not received until February of 2020 at which time it was recorded as an expense 3. The equipment was purchased on Jan. 1. 2018 and is depreciated on a straight line basis over 10 years with a $15,000 salvage value 4. Bad debts expense was recorded each month as a percent of sales and several accounts were written off during the year. A year end aging schedule requires an allowance of S4,000 5. You recerved product that was shipped to you in December of 2020. It was parchased on credit The manufacturer has given you a price reduction of $500 due to surface blemishes. The bill hus not yet been paid 6. The ending inventory is valued at $22,000 Prepare the cost of goods sold account 7. The Accounts Payable includes a bill for 5.000 Euros that was recorded as a purchase when the cost of a Fro was $135. The bill remains unpaid at the end of the year On Dec 31, 2020, a Euro can be purchased for $142 8. Dividends in the amount of $10,000 were declared on Dec 31, 2020 but will not be paid until January 2021. No estry has been recorded Required: Complete the attached worksheet Enter the adjustments and key them to apree with the information number. Add any accounts you need in the appropriate location Calculate and enter the balances for the adjusted trial balance Complete the income statement and retained earnings Make no adjustments directly to berinnung retained caminte neinal accounts for me adiestments to read carings