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DUE DATE: Tuesday, December 03, 2019. Use ONLY PENCIL or computer to do the special homework. The trial balance for December 31, 20.- has been
DUE DATE: Tuesday, December 03, 2019. Use ONLY PENCIL or computer to do the special homework. The trial balance for December 31, 20.- has been entered below on the partial work sheet for Camping Supply Center Required: 1. Complete the Adjustments columns using the following year-end adjustments information. Identify each adjustment with its corresponding letter. a./b. Based on a physical count, it was determined that merchandise inventory costing $21,700 is on hand as of December 31, 20- c. Supplies remaining at the end of the year, $6,300. d. Unexpired insurance on hand at the end of the year, $2,200. e. Depreciation expense on the store equipment, $2,500. f. Depreciation expense on the building, $2,700. g. Unearned Rental Revenue as of December 31, $3,200. h. Wages earned but not yet paid, $660. 2. Complete the Adjusted Trial Balance, Income Statement and Balance Sheet columns of the work sheet. Journalize the adjusting entries. Journalize the closing entries. 3. 4. Account Title Camping supply Center Work Sheet For the year ended December 31, 20- Adjusted Trial Trial Balance Adjustments Balance Debit Credit Debit Credit Debit Credit Credit Debit 13 10.200 income Statement Debit Debit Credit Credit Balance Sheet Debit Credit Accounts Receivable Merchandise Inventory 30,72 EN Prepaid Insurance od Depreciate com ed Depreciation Building 12.000 Accounts Payable 6 720 5 .040 Sales Tax Payable Mortgage Payable Uneamed Rental Revenue Willie Kaplin, Capital Willie Kaplin, Drawing Income Summary od 109,00 28 $60 : ng for Account 2.952 37.920 45,120 2.112 T T Sales Returns and Allowances Earned Rental Revenue Purchases Purchases Returns and Allowances Wages Expense Telephone Expense Supplies Expense Insurance Expense Utilities Expense T Depreciation Expense-Store Equipment Depreciation Expense Building T 9,660 L 359,484 399,484 General Journal Date Account Title P.R. Debit Credit
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