Bella Beauty Salon has provided you with the following unadjusted trial balance. As you can see, the trial balance is not balanced since the previous accountant made a few errors. Also, adjusting entries have not yet been recorded. Use the additional information given below to complete the partial worksheet given. The first entry has been completed as an example. (10 points) ADDITIONAL INFORMATION: a. Accrued other expenses, which are part of other current liabilities, of $10,000, are not yet recorded. b. Cash of $36,000 was received from a customer in payment of accounts receivable balance during the year. The accountant erroneously debited Accounts Receivable and credited Cash. c. Equipment costing $44,450 was purchased on credit on Dec 31, 2016, the last day of the year. While posting the entry, the accountant debited the correct account, Property, Plant, and Equipment (PPE), but erroneously debited accounts payable. d. A Lower of Cost or Market analysis shows the replacement cost of inventory is $156,000 e. Bad debts are estimated as 6% of accounts receivable. Bad debts are classified as a selling expense f. $10,000 of prepaid insurance has not yet expired. The insurance is a General Expense 9. Depreciation on the property, plant, and equipment amounting to $57,000 has not yet been recorded. 60% is administrative and 40% is selling h. The only item appearing on the bank reconciliation is outstanding checks of $18,000 ADJUSTED TRIAL BALANCE DEBIT CREDIT $ Cash and Cash Equivalents Accounts Receivable Allowance for Doubtful Accounts Merchandise Inventory Prepaid Insurance Other Current Assets Property, Plant, and Equipment (PPE) Accumulated Depreciation - PPE Accounts Payable Other Current Liabilities Long-Term Notes Payable Capital, Bella Hanson Withdrawals, Bella Hanson Sales Cost of Goods Sold Selling Expenses Administrative Expenses General Expenses Other Expenses TOTAL BELLA BEAUTY SALON PARTIAL WORKSHEET DEC 31, 2017 UNADJUSTED TRIAL BALANCE ADJUSTMENTS & ERROR CORRECTIONS DEBIT CREDIT DEBIT CREDIT 557,000 324,000 12,000 136,000 26,000 10,000 890,000 $ 263,750 204,000 54,000 10,000 100,000 821,600 57,000 1,432,000 650,000 198,000 86,000 13,450 4,800 2,964,250 a 10,000 $ $ 2,875,350