Healthy Eating Foods Company is a distributor of nutritious snack foods such as granola bars. On December 31, 2019, the firms general ledger contained the accounts and balances that follow.

Required:

1. Record adjusting entries in the general journal as of December 31, 2019.
2. Record closing entries in the general journal as of December 31, 2019.
3. Record reversing entries in the general journal as of January 1, 2020.

Analyze: Assuming that the firm did not record a reversing entry for salaries payable, what entry is required when salaries of $5,800 are paid on January 3?

Healthy Eating Foods Company Year Ended December 31, 2019 Trial Balance Adjusted Trial Balance Income Statement Balance Sheet 29,900.00 35,000.00 29,900.00 s 29,900.00 Accounts Receivable Allowance for Doubtful Accounts Merchandise Inventory 85,000.00 77,000.00 85,000.00 77,000.00 9,040.00 1,720.00 office Equipment Accumulated Depr.-office Equipment 27,550.00 27,550.00 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 4,750.00 14,250.00 31,000.00 31,000.00 12,000.00 1,660.00 1,957.60 106,716.00 106,716.00 651,778.00 651,778.00 651,778.00 Sales Returns and Allowances 349,000.00 349,000.00 349,000.00 Purchases Returns and Allowance 85,000.0077,000.00 85,000.00 77,000.00 85,000.00 77,000.00 35,800.00 35,800.00 35, 800.00 159,000.00 12,800.00 163,800.00 13,455.20 163,800.00 13,455.20 Payroll Taxes Expense 3,440.00 Depr. Expense-Office Equipment Depr. Expense-Warehouse Equipment Uncollectible Accounts Expense 4,750.00 2,790.00 4,750.00 2,790.00 4,750.00 5824,990.00 $824,990.00 $189,370.20 $189,370.20 $916,880.20 $916,880.20 $680,770.20 $737,778.00 $236,110.00 $179,102.20 57,007.80 737,778.00 $737,778.00 $236,110.00 $236,110.00