Ayayai Clothing is a retailer in Atlanta, Georgia. The company sells gift cards and records the cash received in the Unearned Sales Revenue account. Presented below is the unadjusted trial balance for Ayayai Clothing as of December 31, 2022.

Adjustment data:

1.		Customers used gift cards to purchase merchandise totaling $5,700.
2.		Inventory actually on hand is $37,900.

Credit 1,900 5,600 71,500 AYAYAI CLOTHING Unadjusted Trial Balance December 31, 2022 Debit Cash $ 29,600 Accounts Receivable 6,700 Inventory 38,600 Accounts Payable Unearned Sales Revenue Owner's Capital Owner's Drawings 6,000 Sales Revenue Sales Returns and Allowances 5,000 Sales Discounts 3,500 Interest Revenue Cost of Goods Sold 139,700 Advertising Expense 10,400 Salaries and Wages Expense 62,700 Rent Expense 26,200 Utilities Expense 10,100 Totals $338,500 256,800 2,700 $338,500 Adinstment data. Journalize the adjusting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 1. Dec. 31 (To adjust unearned sales revenue) 2. Dec. 31 (To adjust inventory) e Textbook and Media AYAYAI CLOTHING Income Statement $ Date Account Titles and Explanation Debit Credit Dec. 31 (To close accounts with credit balances) Dec. 31 (To close accounts with debit balances) Dec. 31 (To close net income / (loss)) Dec. 31