Adjusting Entries:

The trial balance of Sports Haven at June 30, 2017, the end of the current fiscal year is as follows Sports Haven Work Sheet For Year Ended June 30, 2017 Trial Balance Account Title Cash Accts receivable Notes Receivable Allowance for Bad Debt Merchandise inv Prepaid insurance Store Supplies Store equipment Accum. depreciation. Accounts payable Joe Athlete, Capital Joe Athlete, Drawing Income From Sales Purchases Advertising exp Rent expense Salaries exp Utilities exp 17,150 127,010 15,000 1,270 47,964 7,450 2,370 30,000 3,000 12,420 105,572 14,400 455,400 192,900 7,950 30,000 79,840 5,628 577,662 577,662 Adjustment information is as follows