Can someone please help on how to figure out what the adjusting journal is? I am primarily stuck on cost of goods sold and inventory. : 1. The unadjusted trial balance has been entered on a 10-column end-of-period spreadsheet (work sheet) for you. Complete the spreadsheet using the following adjustment data Amount a Physcial inventory count on June 30 $570,000 b Store supplies used during the month. 1,000 c Insurance expired during the Month 1,200 d Depreciation for the current month 1,150 e Accrued salaries on June 30: Sales salaries $5,600 Office salaries 4,500 Total 10,100 f The adjustment for customer returns and allowances is $4,500 for sales with $2,600 in related cost of goods sold. g The Company uses the percent of credit sales method of estimated uncollectible accounts expense. Based on past history and industry averages, 2% of credit sales are expected to be uncollectible. 2. Journalize the adjusting entries. Post the adjusting entries to the general Ledger 3. Prepare a multiple-step income statement. 4. Prepare a statement of stockholders equity. 5. Prepare a balance sheet. Report receivables net of the allowance as demonstrated on page 428 of the text. 6. Journalize the closing entries. Then post the closing entries to the general ledger . 7. Prepare a post-closing trial balance. (bonus points)