Healthy Eating Foods Company is a distributor of nutritious snack foods such as granola bars. On December 31, 20x1, the firm's general ledger contained the accounts and balances that follow. Income Statement Debit Credit Trial Balance Debit Credit $ 30,680.00 35,780.80 470.00 88,560.ee 10,980.60 6,680.00 9,100.00 2,980.00 29,125.00 9,852.82 34,5ee.be 12,700.00 HEALTHY EATING FOODS COMPANY Worksheet Year Ended December 31, 20x1 Adjustments Adjusted Trial Balance Debit Credit Debit Credit $ 30,660.00 35,700.00 3,390.00 3,860.00 80,500.00 88,500.00 80,500.00 9.670.ee 1,238.00 4.80.80 2,680.60 9,100.00 1,450.80 4,350.00 29,125.00 4,925.00 14,775.00 34,500.00 12,700.00 699.88 690.00 341.00 2.871.00 79.75 472.75 33.88 33.60 Balance Sheet Debit Credit $ 30,680.00 35,780.80 3,860.89 80,500.00 1,238.00 2,880.80 9,100.00 4,350.00 29,125.82 14,775.00 34,5ee.ee 12,780.60 690.se 2,071.00 472.75 1,730.00 393.00 33.0 297.82 5,520.82 Account Name Cash Accounts Receivable Allowance for Doubtful Accounts Merchandise Inventory Supplies Prepaid Insurance Office Equipment Accumulated Depr.-Office Equipment Warehouse Equipment Accumulated Depr.-Warehouse Equipment Notes Payable-Bank Accounts Payable Interest Payable Social Security Tax Payable Medicare Tax Payable Federal Unemployment Tax Payable State Unemployment Tax Payable Salaries Payable Phillip Tucker, Capital Phillip Tucker, Drawing Sales Sales Returns and Allowances Purchases Purchases Returns and Allowance Income Summary Rent Expenses Telephone Expense Salaries Expense Payroll Taxes Expense Supplies Expense Insurance Expense Depr. Expense-Office Equipment Depr. Expense-Warehouse Equipment Uncollectible Accounts Expense Interest Expense Totals Net Income 297.80 5,520.82 113,664.88 297.00 5,500.00 113,664.88 113,664.88 56,500.00 56,500.00 56,500.00 658,778.00 658,778.00 658,778.89 10,500.00 352,5ee.ee 10,580.62 352,500.00 10,5ee.ee 352,560.ee 9.700.00 9.700.00 9.780.00 80,500.00 88,500.00 80,500.00 80,588.68 36,500.00 2.700.ee 162,500.00 13,5ee.be 5,500.00 750.75 9.670.00 4,000.00 1,450.00 88,560.ee 36,500.00 2,700.00 168,880.89 14,250.75 9.670.00 4,680.00 1,450.00 88,500.00 36,5ee.ee 2.700.00 168,680.00 14,250.75 9.670.00 4,000.00 1,450.00 4,925.00 4,925.00 4,925.89 3,390.00 3,390.00 3,390.89 690.00 690.00 690.00 $844,625.00 $844,625.82 $199,375.75 $199,375.75 $941,830.75 $941,830.75 $697,675.75 $748,978.69 $244,755.60 $192,852.75 51,992.25 51.992.25 $748,978.82 $748,978.89 $244,755.89 $244,755.82 Required: 1. Record adjusting entries in the general Journal as of December 31, 20X1. 2 Record closing entries in the general Journal as of December 31, 20X1. 3. Record reversing entries in the general Journal as of January 1, 20X2 Analyze: Assuming that the firm did not record a reversing entry for salaries payable, what entry is required when salaries of $7.000 are paid on January 3? Complete this question by entering your answers in the tabs below. Reg 1 to 3 Analyze Record adjusting entries and closing entries in the general journal as of December 31, 20x1 and reversing entries as of January 1, 20x2. (Round your answers to 2 decimal places.) Required: 1. Record adjusting entries in the general Journal as of December 31, 20X1. 2 Record closing entries in the general Journal as of December 31, 20X1. 3. Record reversing entries in the general Journal as of January 1, 20X2 Analyze: Assuming that the firm did not record a reversing entry for salaries payable, what entry is required when salaries of $7.000 are paid on January 3? Complete this question by entering your answers in the tabs below. Req 1 to 3 Analyze Record adjusting entries and closing entries in the general journal as of December 31, 20X1 and reversing entries as of January 1, 20x2. (Round your answers to 2 decimal places.) View transaction Mat Journal entry worksheet Record an adjustment entry for beginning inventory. Note: Enter debits before credits Date General Journal Debit Credit Dec 31, 20X1 Record entry Clear entry View general Journal Req 1 to 3 Analyze > Required: 1. Record adjusting entries in the general Journal as of December 31, 20X1. 2 Record closing entries in the general Journal as of December 31, 20X1. 3. Record reversing entries in the general Journal as of January 1, 20X2 Analyze: Assuming that the firm did not record a reversing entry for salaries payable, what entry is required when salaries of $7.000 are paid on January 3? Complete this question by entering your answers in the tabs below. Req 1 to 3 Analyze Record adjusting entries and closing entries in the general journal as of December 31, 20X1 and reversing entries as of January 1, 20x2. (Round your answers to 2 decimal places.) View transaction Mat Journal entry worksheet Required: 1. Record adjusting entries in the general Journal as of December 31, 20X1. 2 Record closing entries in the general Journal as of December 31, 20X1. 3. Record reversing entries in the general Journal as of January 1, 20x2. Analyze Assuming that the firm did not record a reversing entry for salaries payable, what entry is required when salaries of $7.000 are paid on January 3? Complete this question by entering your answers in the tabs below. Rey 1 to 3 Analyze Record adjusting entries and closing entries in the general journal as of December 31, 20X1 and reversing entries as of January 1, 20x2. (Round your answers to 2 decimal places.) View transaction Mat Journal entry worksheet 1 2 3 4 5 6 7 8 19 During 20x1, the firm had net credit sales of $565,000; past experience indicates that 0.6 percent of these sales should result in uncollectible accounts. Note: Enter debits before credits Date General Journal Debit Credit Dec 31, 20X1 Record entry Clear entry View general Journal Req 1 to 3 Analyze > Required: 1. Record adjusting entries in the general Journal as of December 31, 20X1. 2 Record closing entries in the general Journal as of December 31, 20X1. 3. Record reversing entries in the general Journal as of January 1, 20x2. Analyze: Assuming that the firm did not record a reversing entry for salarles payable. what entry is required when salaries of $7.000 are paid on January 3? Complete this question by entering your answers in the tabs below. Req 1 to 3 Analyze Record adjusting entries and closing entries in the general journal as of December 31, 20x1 and reversing entries as of January 1, 20x2. (Round your answers to 2 decimal places.) View transaction Hot Journal entry worksheet On December 31, 20x1, an inventory of supplies showed that items costing $1,230 were on hand. Note: Enter debits before credits General Journal Debit Credit Date Dec 31, 20X1 Record entry Clear entry View general Journal Reg 1 to 3 Analyze > Required: 1. Record adjusting entries in the general Journal as of December 31, 20X1. 2 Record closing entries in the general Journal as of December 31, 20X1. 3. Record reversing entries in the general Journal as of January 1, 20x2. Analyze: Assuming that the firm did not record a reversing entry for salaries payable, what entry is required when salarles of $7.000 are paid on January 3? Complete this question by entering your answers in the tabs below. Req 1 to 3 Analyze Record adjusting entries and closing entries in the general journal as of December 31, 20x1 and reversing entries as of January 1, 20x2. (Round your answers to 2 decimal places.) View transaction Met Journal entry worksheet On May 1, 20x1, the firm purchased a one-year insurance policy for $6,000. Note: Enter debits before credits General Journal Debit Credit Date Dec 31, 20X1 Record entry Clear entry View general Journal Req 1 to 3 Analyze > Required: 1. Record adjusting entries in the general journal as of December 31, 20X1. 2 Record closing entries in the general Journal as of December 31, 20X1. 3. Record reversing entries in the general Journal as of January 1, 20X2 Analyze: Assuming that the firm did not record a reversing entry for salaries payable, what entry is required when salarles of $7,000 are paid on January 3? Complete this question by entering your answers in the tabs below. Req 1 to 3 Analyze Record adjusting entries and closing entries in the general journal as of December 31, 20X1 and reversing entries as of January 1, 20x2. (Round your answers to 2 decimal places.) View transaction Mat Journal entry worksheet 1 2 3 4 5 8 7 8 19 On January 2, 20x1, the firm purchased office equipment for $9.100. At that time, the equipment was estimated to have a useful life of six years and a salvage value of $400. Note: Enter debits before credits Date General Journal Debit Credit Dec 31, 20X1 Record entry Clear entry View general Journal Reg 1 to 3 Analyze > Required: 1. Record adjusting entries in the general Journal as of December 31, 20X1. 2 Record closing entries in the general Journal as of December 31, 20X1. 3. Record reversing entries in the general Journal as of January 1, 20X2 Analyze Assuming that the firm did not record a reversing entry for salarles payable, what entry is required when salaries of $7.000 are paid on January 3? Complete this question by entering your answers in the tabs below. Reg 1 to 3 Analyze Record adjusting entries and closing entries in the general journal as of December 31, 20x1 and reversing entries as of January 1, 20x2. (Round your answers to 2 decimal places.) View transaction et Journal entry worksheet Required: 1. Record adjusting entries in the general Journal as of December 31, 20X1. 2 Record closing entries in the general Journal as of December 31, 20X1. 3. Record reversing entries in the general Journal as of January 1, 20X2 Analyze: Assuming that the firm did not record a reversing entry for salarles payable, what entry is required when salaries of $7.000 are paid on January 3? Complete this question by entering your answers in the tabs below. Req 1 to 3 Analyze Record adjusting entries and closing entries in the general journal as of December 31, 20x1 and reversing entries as of January 1, 20x2. (Round your answers to 2 decimal places.) View transaction at Journal entry worksheet a On November 1, 20x1, the firm issued a four-month, 12 percent note for $34,500. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31, 20X1 Record entry Clear entry View general Journal Reg 1 to 3 Analyze > Required: 1. Record adjusting entries in the general Journal as of December 31, 20X1. 2 Record closing entries in the general journal as of December 31, 20X1. 3. Record reversing entries in the general Journal as of January 1, 20X2 Analyze: Assuming that the firm did not record a reversing entry for salaries payable, what entry is required when salaries of $7,000 are paid on January 3? Complete this question by entering your answers in the tabs below. Reg 1 to 3 Analyze Record adjusting entries and closing entries in the general journal as of December 31, 20x1 and reversing entries as of January 1, 20x2. (Round your answers to 2 decimal places.) View transaction Mat Journal entry worksheet On December 31, 20x1, the firm owed salaries of $5,500 that will not be paid until 20x2. Note: Enter debits before credits Date General Journal Debit Credit Dec 31, 20X1 Record entry Clear entry View general Journal Required: 1. Record adjusting entries in the general Journal as of December 31, 20X1. 2 Record closing entries in the general Journal as of December 31, 20X1. 3. Record reversing entries in the general Journal as of January 1, 20X2 Analyze: Assuming that the firm did not record a reversing entry for salaries payable, what entry is required when salaries of $7.000 are paid on January 3? Complete this question by entering your answers in the tabs below. Reg 1 to 3 Analyze Record adjusting entries and closing entries in the general journal as of December 31, 20x1 and reversing entries as of January 1, 20x2. (Round your answers to 2 decimal places.) View transaction et Journal entry worksheet On December 31, 20x1, the firm owed the employer's social security tax (assume 5.2 percent) and Medicare tax (assume 1.45 percent) on the entire $5,500 of accrued wages. Note: Enter debits before credits General Journal Debit Credit Date Dec 31, 20X1 Record entry Clear entry View general Journal Req 1 to 3 Analyze >