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Golden Wedding Dress Company designs custom wedding dresses for brides to be. The person preparing the adjusting entries at year-end was unable to complete the

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Golden Wedding Dress Company designs custom wedding dresses for brides to be. The person preparing the adjusting entries at year-end was unable to complete the adjustments due to illness. You have been given the following unadjusted trial balance along with some additional information for the December 31, 2020 year-end. Account Accounts receivable Accum. deprec., bullding Accun deprec., equipment Advance sales Allowance for doubtful accounts Building Cash Equipment Estimated warranty liability Unadjusted Balance Account 83,000 Land 131.000 Merchandise inventory 347,000 Mortgage payable 231,000 Sarah Golden Capital 600 Note payable 445,000 other operating expenses 88,600 Sales 649,00 Salaries adein expensat 4.700 Soles returns and allowance adjusted balance $ 136,000 72,00 230, 187 240, 253 105,000 1.176.000 1,960,000 50,240 9.100 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 during 2021 the remaining 20% is from sales earned during 2020 3. Golden warranties its wedding dresses against defects and estimates its warranty abdity to be 3% of adjusted net sales 4. The 45-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 consisting of $9.207 interest and $24,672 principal for a total of $39.879 6. Uncollectible accounts are estimated to be 15% of outstanding receivables 7. A physical count of the inventory showed a balance actually on and of $63100 B. Saran promised her operations Manager a year-end performance bonus of $3.475 which would be paid with her salary in January View transaction list Journal entry worksheet Record to adjust for earned sales. Mit Enter debits before credits General Journal Date December 31, 2020 Debit Credit 2. Prepare a classified balance sheet (Be sure to list the assets and liabilities in order of their liquidity. Round the final answers to the nearest whole dollar amount.) GOLDEN WEDDING DRESS COMPANY Balance Sheet December 31, 2020 Assets Current assets Total current assets Property, plant and equipment Total property, plant and equipment HP Seve & EX Submit Total property, plant and equipment Total assets Liabilities Current liabilities Total current liabilities Non-current liabilities Total abilities Equity Total liabilities and equity

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