Exercise 2. Burke Merchandising Company Work Sheet For the Year Ended December 31, 19X2 Trial Balance Adjustments Income Statement Balance Sheet Debit Credit Debit Credit Debit Credit Debit Credit Account Title Cash 5270 Accounts receivable 3650 Inventory 4180 Supplies 2000 Prepaid insurance 1500 Furniture & fixtures 9000: Accumulated depreciation furniture and fixtures 1500 Accounts payable 7600 Salaries payable 0: Interest payable 0 Unearned sales revenue 2600 Capital 23435 Withdrawals 3250 Sales revenue 43250 Sales discounts 3400 Sales returns & allowances 1300 Purchases 41360 Purchase discounts 250 Purchase returns & allowances 575 Salary expense 3600 Insurance expense Interest expense 0 Depreciation expense- furniture and fixtures Utilities expense Net loss 700 7921079210 Additional Information: a. Prepaid insurance of $400 expired during the year. b. Unearned sales revenue of $950 was earned during the year. c. Depreciation for 19X2 was $500. d. Accrued interest expense for 19X2 was $1675. e. Accrued salaries at December 31 were $280. f. Inventory on hand December 31 was $6250.