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Golden Wedding Dress Company designs custom wedding dresses for brides to be. The person preparing the butterdam year-end was unable to complete the adjustments due

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Golden Wedding Dress Company designs custom wedding dresses for brides to be. The person preparing the butterdam year-end was unable to complete the adjustments due to illness. You have been given the following unadjusted above alors with some additional information for the December 31, 2020 year-end. $ 143,00 Accounts receivable AGU deprecibuting Accum deprec. equipment Advanceles Allowance for doubtful accounts Building Cash Equipment Estimated warranty liability 82.X Land 136.08 Merchandise inventory 352,000 Mortgage payable 235, Sarah Golden, capital 800 Note payable 455,00 Other operating expenses 89,100 Sales 659,00 Salaries & admin expense 5,280 Sales returns and allowances 1700 1.1.0 1,365,000 38,520 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 duric 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 nel The 4%, 5-year note payable was issued on October 1, 2020; interest is payable annually each September 30 The mortgage is paid annually on the first day of the next year. The next mortgage payment will be paid consistir interest and $25,009 principal for a total of $34,379. 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 hinh calec achieved this voar Next > Other information: 1. Assure 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 Cidendung 2021, the 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 net sales 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 consigo 19.370 interest and $25,009 principal for a total of $34,379. 6. Uncollectible accounts are estimated to be 1.5% of outstanding receivables 7. A physical count of the inventory showed a balance actually on hand of $63,600 8. Sarah promised her operations manager a year-end performance bonus of $1,042, which would be paid wah her salary in der for high sales achieved this year. Required: 1. Based on the information provided, journalize the adjusting entries at December 31, 2020 list 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. 5 Record to adjust for estimated uncollectible accounts. 6 Record to adjust for shrinkage. 7 Record the adjustment for salaries owing. Note : = journal entry has been entered

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