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GL0403 . Based on Problem 4-5A LO C2, P3 The fiscal year-end unadjusted trial balance for Carter Company is found on the trial balance tab.

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GL0403 . Based on Problem 4-5A LO C2, P3 The fiscal year-end unadjusted trial balance for Carter Company is found on the trial balance tab. Rent expense and salaries expense are equally divided between selling activities and general and administrative activities. Carter Hal inventory system Company uses a perpetual inventory system, Descriptions of items that require adjusting entries on January 31, 2019, follow. a. Store supplies still available at fiscal year-end amount to $2,700. b. Expired insurance, an administrative expense, for the fiscal year is $1,780. c. Depreciation expense on store equipment, a selling expense, is $6,800 for the fiscal year. d. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $11,000 of inventory is still available at fiscal year-end. General General Muidple Step Single Step IS Balance Sheet Requirement Trial Balance Ratios Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to GL0403 . Based on Problem 4-5A LO C2, P3 The fiscal year-end unadjusted trial balance for Carter Company is found on the trial balance tab. Rent expense and salaries expense are equally divided between selling activities and general and administrative activities, Carter Company uses a perpetual inventory system. Descriptions of items that require adjusting entries on January 31, 2019, follow. a. Store supplies still available at fiscal year-end amount to $2,700. b. Expired insurance, an administrative expense, for the fiscal year is $1,780. c. Depreciation expense on store equipment, a selling expense, is $6,800 for the fiscal year. d. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $11,000 of Inventory is still available at fiscal year-end. Answer is not complete. Requirement General Journal General Ledger Trial Balance Single Step Is Balance Sheet Ratios Tou received partial credit in the previous attempt. Check my work January 31, 2019 Account Title Credit -Cash - Merchandise inventory Store supplies Prepaid insurance - Store equipment Accumulated depreciation - Store equip. - Accounts payable Common stock Retained earnings Dividends Debit 16,000 11,700 8,100 1,020 68,000 37,400 13,800 8,800 32.700 4,900 131,000 Sales Sales discounts Sales returns and allowances Cost of goods sold Depreciation expense - Store equip 3.900 4,100 39,000 6.800 34.000 Salaries expense

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