a.prepare the journal entries based on information provided at dec31,2020.

b.) Prepare a classified balance sheet .

c.)

Golden Wedding Dress Company designs custom wedding dresses for brides to be. The person preparing the adjusting entries at year-end was unable to complete the adjustments due to illness. You have been given the following unadjusted trial balance along with some additional information for the December 31, 2020. year-end. Account Accounts receivable Accum. deprec., building Accum, deprec., equipment Advance sales Allowance for doubtful accounts Building Cash Equipment Estimated warranty liability Unadjusted Balance Account $ 68,000 Land 119,000 Merchandise inventory 335,000 Mortgage payable 219,000 Sarah Golden, capital 800 Note payable 421,000 Other operating expenses 87,400 Sales 625,000 Salaries & admin expense 3,500 Sales returns and allowances Unadjusted Balance $ 124,000 70,400 220,435 219,615 158,000 1,164,000 1,348,000 55,050 7,900 Other information 1. Assume all accounts have a normal balance 2.80% of the balance in the Advance Sales account is for wedding dresses to be made and delivered by Golden during 2021: the remaining 20% is from sales earned during 2020 3. Golden warranties its wedding dresses against defects and estimates its warranty liability be 2 of adjusted net sales 4. The 3%.5-year note payable was issued on October 1, 2020. interest is payable annually each September 30, 5. The mortgage is paid annually on the first day of the next year. The next mortgage payment will be paid consisting of $8.817 interest and $23.862 principal for a total of $32,679 6. Uncollectible accounts are estimated to be 15% of outstanding receivables 7. A physical count of the inventory showed a balance actually on hand of $61.900. 8. Sarah promised her operations manager a year-end performance bonus of $3,940, which would be paid with her salary in January for high sales achieved this year