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 $31,2023,$ year$-$end.

Account Unadjusted

Balance Account Unadjusted

Balance

Accounts receivable $ $83,000$ Land $ $136,000$

Accum. deprec., building $131,000$ Merchandise inventory $72,800$

Accum. deprec., equipment $347,000$ Mortgage payable $230,187$

Advance sales $231,000$ Note payable $165,000$

Allowance for doubtful accounts $600$ Other operating expenses $1,176,000$

Building $445,000$ Sales $1,360,000$

Cash $88,600$ Salaries & admin expense $50,240$

Equipment $649,000$

Sales returns and allowances

$9,100$

Estimated warranty liability $4,700$ Sarah Golden, capital $240,253$

Other information:

Assume all accounts have a normal balance.

$80\%$ of the balance in the Advance Sales account is for wedding dresses to be made and delivered by Golden during $2024$; the remaining $20\%$ is from sales earned during $2023.$

Golden warranties its wedding dresses against defects and estimates its warranty liability to be $3\%$ of adjusted net sales.

The $4\%,5-$year note payable was issued on October $1,2023$; 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 consisting of $$9,207$ interest and $$24,672$ principal for a total of $$33,879.$

Uncollectible accounts are estimated to be $1\mathrm{.}5\%$ of outstanding receivables.

A physical count of the inventory showed a balance actually on hand of $$63,100.$

Sarah promised her operations manager a year$-$end performance bonus of $$3,475,$ which would be paid with her salary in January for high sales achieved this year.

Required:

$1.$ Based on the information provided, journalize the adjusting entries at December $31,2023.$

$2.$ 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.$)$