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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., building Accum. deprec., equipment Advance sales Allowance for doubtful accounts Building Cash Equipment Estimated warranty liability Unadjusted Balance Account 81,800 Land 126,000 Merchandise inventory 342,000 Mortgage payable 226,000 Sarah Golden, capital 800 Note payable 435,000 Other operating expenses 88,100 Sales 639,000 salaries & admin expense 4,200 Sales returns and allowances Unadjusted Balance $ 131,000 71,899 226,124 256,096 160,000 1,171,000 1,355,000 69,920 8,600 Other information: 1. Assume all accounts have a normal balance. 2.75% of the balance in the Advance Sales account is for wedding dresses to be made and delivered by Golden during 2021, the remaining 25% is from sales earned during 2020. 3. Golden warranties its wedding dresses against defects and estimates its warranty liability to be 2% of adjusted net sales. 4. The 3%, 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 consisting of $9,045 interest and $24,334 principal for a total of $33,379. 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 $62.600. 8. Sarah promised her operations manager a year-end performance bonus of $3,668, which would be paid with her salary in January for high sales achieved this year, 1. Based on the information provided, journalize the adjusting entries at December 31, 2020. View transaction list Journal entry worksheet Tpped Record to adjust for earned sales. Print Note: Enter debits before credits General Journal Debit Credit Date December 31, 2020 Record entry Clear entry View general journal 1. Based on the information provided, journalize the adjusting entries at December 31, 2020, 4 View transaction list Journal entry worksheet ats

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