Can someone please help me

to sell inventory P 15-10A (LO5/6) Net income: $123,300 V Post-closing trial bal.col.totals: $687,150 END-OF-PERIOD SPREADSHEET, ADJUSTING, CLOSING, AND REVERSING ENTRIES Vicki's Fabric Store shows the trial balance on page 601 as of December 31, 20-1. At the end of the year, the following adjustments need to be made: (a, b) Merchandise inventory as of December 31, $31,600. (c,d,e) Vicki estimates that customers will be granted $2,500 in refunds of this year's sales next year and the merchandise expected to be returned will have a cost of $1,800. Unused supplies on hand, $350. Insurance expired, $2,400. (h) Depreciation expense for the year on building, $20,000. (1) Depreciation expense for the year on equipment, $4,000. (i) Wages earned but not paid (Wages Payable), $520. (k) Unearned revenue on December 31, 20-1, $1,200. (continued) REQUIRED 1. Prepare an end-of-period spreadsheet. 2. Prepare adjusting entries and post adjusting entries to an Income Summary T account. 3. Prepare closing entries and post to a Capital T account. There were no additional investments this year. 4. Prepare a post-closing trial balance. 5. Prepare reversing entry(ies). 1 Vidos Fabric Store 2 Trial Balance 3 For the Year Ended December 31, 20-1 4 5 KCCOUNT TITLE 6 Cash 28.000.00 7 Accounts Receivable 14200.00 8 Merchandise Inventory 30,000.00 9 Estimated Returns inventory 3,000.00 10 Supplies 1.800.00 11 Prepaid Insurance 3,500.00 12 Land 120,000.00 13 Building 400,000.00 14 Actum. Depr.- Building 15 Equipment 90.000.00 16 Accumulated Depr.--Equipment 17 Accounts Payable 18 Customer Refunds Payable 19 Wages Payable 20 Sales Tax Payable 21 Unearned Costume Design Revenue 22 Note Payable 23 Vicki Roberts, Capital 21.510.00 24 Vicki Roberts, Drawing 25 Income Summary 26 27 Sales 12.300.00 60,000.00 12,000.00 11.420.00 4.700.00 2.000.00 5.000.00 80,000.00 387,620.00 374.500.00 1.200,00 141.500.00 1.800.00 830.00 800.00 65.000.00 81000 28 Sales Returns and Allowances 29 Costume Design Revenue 30 Purchases 31 Purchases fetums and Allowances 32 Purchases Discounts 33 Freight-in 34 Wages Expense 35 Advertising Expense 36 Supplies Expense 37 Phone Expense 38 Utilities Expense 39 Insurance Expense 40 Depreciation Expense -- Building 41 Depreciation Expense-Equip 42 Interest Expense 43 44 1210.00 3.740.00 3.200.00 94057000 940.570.00 noclem 15-10A CHAPTER 10 se pages 562 and 563) J. and 5. GENERAL JOURNAL DESCRIPTION DATE BE en WP-548 CHAPTER 15 Problem 15-10A (Continued) Income Summary Vicki Roberts, Capital problem 15-10A (Continued) CHAPTER 15 3, and 5 GENERAL JOURNAL DESCRIPTION DATE PE PER DER bu AAEOLOCHRI a II for diploma or per WP-550 CHAPTER 15 Problem 15-10A (Continued) 4. 1 2 3 DEBIT BALANCE 4 ACCOUNT CREDIT BALANCE 5 6 7 8 9 10 11 12 27 28 29 30 $$$$$$$&$OREBONXUB8888 32 33 37 30 47 48 Problem 15-10A CHAPTER 15 WP-551 8 2 3 D Vicki's Fabric Store End-of-Period Spreadsheet For the Year Ended December 31, 20-1 TRIAL BALANCE ADJUSTMENTS CREDIT DEBIT CREDIT DJUSTED TRIAL BALANCE DEDIT DEBIT 28,000.00 14 200.00 30.000.00 3,000.00 1,600.00 3.600.00 120,000.00 400.000.00 60,000.00 90,000.00 12,000.00 11,420 00 4,200.00 4 ACCOUNT TITLE 5 6 Cash 7 Accounts Receivable 8 Merchandise Inventory 9 Estimated Returns Inventory 10 Supplies 11 Prepaid Insurance 12 Land 13 Building 14 Accum. Depr -Building 15 Equipment 16 Accum. Depr-Equipment 17 Accounts Payable 18 Customer Refunds Payable 19 Wages Payable 20 Sales Tax Payable 21 Unearned Customer Des. Rev. 22 Note Payable 23 Vicki Roberts, Capital 24 Vicki Roberts, Drawing 25 Income Summary 28 27 Sales 28 Sales Returns and Allowances 29 Costume Design Revenue 30 Purchases 31 Purchases Returns and Allow 32 Purchases Discounts 33 Freight-in 34 Wages Expense 35 Advertising Expense 36 Supplies Expense 37 Phone Expense 38 Utilities Expense 39 Insurance Expense 40 Depr. Expense-Bulding 41 Depr Expense-Equipment 42 Interest Expense 2,000.00 5,000.00 80,000.00 387 620.00 21,610.00 374,500.00 12.800.00 1.200,00 141,500.00 1,800.00 830.00 800.00 65,000.00 81000 1,210.00 3.240.00 43 3,200.00 940.570,00 940,570.00 44 45