Golden Wedding Dress Company designs custom wedding dresses for brides to be the person preparative year end was unable to complete the adjustments due to iness. You have been given the follow up with some additional information for the December 31, 2020. year-end 1419 5 17. Accounts receivable Acendered building Accum. deprec., equipment Advance Sales Allowance for doubtful accounts Building Cash Equipment Estimated warranty liability 82,00 Land 136,00 Merchandise inventory 352,00 Mortgage payable 236,600 Sarah Golden, capital BM Note payable 455. Other operating expenses 89,100 Sales 659,808 Salaries & admin expense 5,260 Sales returns and allowances 1,365, Other information: 1. Assume all accounts have a normal balance. 2. 80% of the balance in the Advance Sales account is for wedding dresses to be made and delivered by Golden dun remaining 20% is from sales earned during 2020. 3. Golden warranties its wedding dresses against defects and estimates its warranty liability to be 3% of adjusted ne 4. The 4%, 5-year note payable was issued on October 1, 2020; interest is payable annually each September 30. 5. The mortgage is paid annually on the first day of the next year. The next mortgage payment will be paid consistin interest and $25,009 principal for a total of $34,379. 5. Uncollectible accounts are estimated to be 1.5% of outstanding receivables. A physical count of the inventory showed a balance actually on hand of $63,600. Sarah promised her operations manager a year-end performance bonus of $1,042, which would be paid with for high sales achieved this year. Next 1 Record to adjust for earned sales. 2 Record the estimated warranty liability. 3 Record the accrual of interest expense on the note payable. 4 Record the accrual of interest on mortgage payable. Record to adjust for estimated uncollectible accounts. Record to adjust for shrinkage. 7 Record the adjustment for salaries owing. Note : = journal entry has been entered Assets Current assets: Total current assets Property, plant and equipment: Total property, plant and equipment Total assets Liabilities Current liabilities: