Enoteca Fine Wines is a retail store selling vintage wines. On December 31, 20x1, the firm's general ledger contained the accounts and balances below. All account balances are normal. $ 29,886 1,500 480 300 15,000 27.000 3,000 6,000 1,500 20,000 4,705 8.000 Cash Accounts Receivable Prepaid Advertising Supplies Merchandise Inventory Store Equipment Accumulated Depreciation-Store Equipment office Equipment Accumulated Depreciation office Equipment Notes Payable, duo 20x2 Accounts Payable Wages Payable Social Security Tax Payable Medicare Tax Payable Unearned Seminar Yes Interest Payable Vincent Carbone, Capital Vincent Carbone, Drawing Income Summary Sales Sales Discounts Seminar Fee Income Purchases Purchases Returns and allowancen Freight in Rent Expense Wages Expense Payroll Taxes Expense Depreciation Expense-Store Equipment Depreciation Expense-office Equipment Advertising Expense Supplies Expense Interest Expense 32,700 14.110 154,970 200 91,000 1,500 225 13,200 24,000 3,324 150 Ches ADJUSTMENTS: a.-b. Merchandise inventory at December 31, 20x1, was counted and determined to be $14,000 c. The amount recorded as prepaid advertising represents $480 paid on September 1, 20X1. for 12 months of advertising. d. The amount of supplies on hand at December 31 was $130. e. Depreciation on store equipment was $3,800 for 20x1 f. Depreciation on office equipment was $1,250 for 20x1. 9. Uneared Seminar Fees represent $8,000 received on November t 20x1, for four seminars. At December 31, three of these seminars had been conducted h. Wages owed but not paid at December 31 were $500 1. On December 31 , 20x1, the firm owed the employer's social security tax ($31.00) and Medicare tax ($7.25) J. The note payable bears interest at 6 percent per annum. Two months of interest is owed at December 31, 20X1 - Required: 1. Prepare the Trial Balance section of a 10 column worksheet. The worksheet covers the year ended December 31, 20X1. 2. Enter the adjustments above in the Adjustments section of the worksheet 3. Complete the worksheet Analyze: What was the amount of revenue earned by conducting seminars during the year ended December 31, 2017 Complete this question by entering your answers in the tabs below. Worksheet Analyse Complete the worksheet (Enter both the debit and credit effects wherever required. Round your intermediate calculations and final answers to 2 decimal places Enoteca Fine Wines Worksheet Enoteca Fine Wines Worksheet Year Ended December 31, 20X1 Adjustments Adjusted Trial Balance Debit Credit Debit Credit Trial Balance Income Statement Debit Credit Balance Sheet Debit Credit Debit Credit Account Name Cash Accounts Receivable Prepaid Advertising Supplies Merchandise Inventory Store Equipment Accumulated Depreciation- Store Equipment Office Equipment Accumulated Depreciation Omice Equipment Notes Payable, due 20X2 Accounts Payable Wages Payable Social Security Tax Payable Medicare Tax Payable Uneamed Seminar Fees Interest Payable Vincent Carbone, Capital Vincent Carbone, Drawing Income Summary Sales Sales Discounts Seminar Fee Income Purchases Purchases Returns and Allowances Freight in Rent Expense Wages Expense Payroll Taxes Expense Depreciation Expense--Store Equipment Depreciation Expense-Office Equipment Advertising Expense Supplies Expense Interest Expense Totals Net Income What was the amount of revenue earned by conducting se Complete this question by entering your answers in the tabs below. Worksh... Analyze What was the amount of revenue earned by conducting seminars during the year ended December 31, 20x1? Revenue earned, Dec. 31, 20X1
