and , vpa,ingfor as of December 31, 2011 for Chad O W nttng en the follo"tng srt balances): hae NAjntS Payabie Inventory (1/1/2011) Salary Expense Transportation-ln Prepaid Rent Common Stock Retained Eamings (1/1/2011) Purchase Retums 8.175 27 ,ooo 5,500 900 35,000 4,000 22,500 500 9,800 1,000 14,225 8,000 300 10,000 7,200 17,000 9,200 100 The following adjustments have not been made as of December 31, 2011. You need to open up additional accounts as you do the adjusting entries. a. The equipnent was purchased on July 1, 2011. The equipment has an estimated useful life of fne years and a residual value of $2,000. Straight-line depreciation is used. b. $400 of the unearned sales revenue has been earned as of December 31, 2011. c. Additional salaries of $600 are accrued and be paid in 2012. d. The prepaid rent was paid on November 1, 2011 and is effective for five months beginning on Novetnber l, 2011. Ending Inventory on 12/31/2011 is $5,000. REQUIRED: l. Compute the dollar mnount the unadjusted trial balance will balance at on December 31, 2011. 2. Prepare adjusting general journal entries for each of the four unrecorded adjustments as o' December 31, 2011. 3. Using the adjusted account balances, compute each of the following amounts: a. The dollar amount the adjusted trial balance will balance at on December 31, 2011. b. Net Sales Revenue on Income Statement.