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Displayed below is the Trial Balance section of a ten-column worksheet. Ten-column Worksheet: 1. The physical merchandise inventory is $91,000. 2. The physical inventory of

Displayed below is the Trial Balance section of a ten-column worksheet. Ten-column Worksheet:

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1. The physical merchandise inventory is $91,000. 2. The physical inventory of supplies is $21,000. 3. The expired insurance is $570.00. Instructions: 1. Make the appropriate adjustment entries. 2. Update the amounts in the Adjusted Trial Balance, Income Statement, and Balance Sheet sections of the worksheet. so confused

Please help fill this out so confused

10 Column Worksheet
Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet
Acc. No. Account Name Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit
101 Cash in Bank 126,475.00
115 Accounts Receivable 67,970.00
125 Merchandise Inventory 91,975.00
130 Supplies 21,845.00
135 Prepaid Insurance 2,280.00
140 Delivery Equipment 10,900.00
145 Office Equipment 14,590.00
150 Store Equipment 15,550.00
201 Accounts Payable 11,210.00
204 Federal Corporation IT Payable 350.65
205 Employee Federal IT Payable 614.55
211 Employee State Income Tax Payable 775.22
212 Social Security Tax Payable 858.76
213 Medicare Tax Payable 527.75
214 Federal Unemployment Tax Payable 264.32
215 Stae Unemployment Tax Payable 653.67
216 Hospital Insurance Payable 329.78
220 Sales Tax Payable 56,417.10
301 Capital Stock 215,725.00
305 Retained Earnings 18,338.20
310 Income Summary
401 Sales 840,285.00
405 Sales Discounts 4,750.00
410 Sales Return and Allowance 5,280.00
501 Purchases 683,500.00
505 Transportation, Inc. 2,760.00
510 Purchases Discount 1,920.00
515 Purchases Return and Allowance 3,200.00
601 Advertising Expense 10,500.00
605 Bank Card Fee Expenses 850.00
630 Federal Corporation IT Expense 392.00
635 Insurance Expense 1,140.00
650 Maintenance Expense 3,744.00
655 Miscellaneous Expense 214.00
657 Payroll Tax Expense 320.00
660 Rent Expense 25,200.00
665 Salaries Expense 60,700.00
670 Supplies Expense 4,295.00
680 Utilities Expense 1,760.00
1,154,230.00 1,154,230.00

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