I need help figuring out how to determine what amount the assets of the business were affected by adjustments.

Apply: Exercise Saved 2 ADJUSTMENTS a.-b. Merchandise inventory on December 31, 2019, is $12,121. c. During 2019, the firm had net credit sales of $33,000; the firm estimates that 0.6 percent of these sales will result in uncollectible accounts. d. On December 31, 2019, an inventory of the supplies showed that items costing $265 were on hand. e. On October 1, 2019, the firm signed a six-month advertising contract for $960 with a local newspaper and paid the full amount in advance. points f. On January 2, 2018, the firm purchased store equipment for $7,980. At that time, the equipment was estimated to have a useful life of five years and a salvage value of $580. g. On January 2, 2018, the firm purchased office equipment for $1,480. At that time, the equipment was estimated to have a useful life of five years and a salvage value of $180. h. On December 31, 2019, the firm owed salaries of $1,810 that will not be paid until 2020. =Book i. On December 31, 2019, the firm owed the employer's social security tax (assume 6.2 percent) and Medicare tax (assume 1.45 percent) on the entire $1,810 of accrued wages. 40 j. On December 31, 2019, the firm owed federal unemployment tax (assume 0.6 percent) and state unemployment tax (assume 5.4 References percent) on the entire $1,810 of accrued wages. Required: 1. Prepare the Trial Balance section of a 10-column worksheet. The worksheet covers the year ended December 31, 2019. 2. Enter the adjustments above in the Adjustments section of the worksheet. . Complete the worksheet. Analyze: By what amount were the assets of the business affected by adjustments? Complete this question by entering your answers in the tabs below. Worksheet Analyze By what amount were the assets of the business affected by adjustments? Total assets by Worksheet Analyze Mc Graw Hill Apply: Exercise Saved Account Name Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit 2 Cash $ 5,500.00 $ 5,500.00 Accounts Receivable 2,400.00 2,400.00 2,400.00 Allowance for Doubtful Accounts 50.00 198.00 248.00 248.00 Merchandise Inventory 11, 100.00 12,121.00 10,500.00 12, 121.00 12,121.00 6 Supplies 1, 180.00 915.00 265.00 265.00 points Prepaid Advertising 960.00 480.00 480.00 480.00 Store Equipment 7,980.00 7,980.00 Accumulated Depreciation-Store Equipment 1,480.00 1,480.00 2,960.00 2,960.00 Office Equipment 1,480.00 1,480.00 1,480.00 Bor Accumulated Depreciation-Office Equipment 260.00 260.00 520.00 520.00 Accounts Payable 2,605.00 2,605.00 2,605.00 References Social Security Tax Payable 410.00 112.22 522.22 522.22 Medicare Tax Payable 86.00 26.25 112.25 112.25 Federal Unemployment Tax Payable 10.86 10.86 10.86 State Unemployment Tax Payable 97.74 97.74 97.74 Salaries Payable 1,810.00 1,810.00 1,810.00 Beth Argo, Capital 24,451.00 24,451.00 24,451.00 Beth Argo, Drawing 19,800.00 19,800.00 19,800.00 Sales 89,048.00 89,048.00 89,048.00 Sales Returns and Allowances 1,080.00 1,080.00 1,080.00 Purchases 45,800.00 45,800.00 45,800.00 Purchases Returns and Allowances 410.00 410.00 410.00 Rent Expense 5,800.00 5,800.00 5,800.00 Telephone Expense 570.00 570.00 570.00 Salaries Expense 13,900.00 1,810.00 15,710.00 15,710.00 Payroll Taxes Expense 1,250.00 247.07 1,497.07 1,497.07 Income Summary 11, 100.00 12, 121.00 11, 100.00 12, 121.00 11, 100.00 12, 121.00 Supplies Expense 915.00 915.00 915.00 Advertising Expense 480.00 480.00 480.00 Depreciation Expense-Store Equipment 1,480.00 1,480.00 1,480.00 Depreciation Expense- -Office Equipment 260.00 260.00 260.00 Uncollectible Accounts Expense 198.00 198.00 198.00 Totals $ 118,800.00 $ 118,800.00 |$ 28,611.07 $ 28,011.07 7 |$ 134,916.07 |$ 134,916.07 |$ 84,890.07 |$ 101,579.00 $ 50,026.00 $ 33,337.07 Net Income 16,688.93 16,688.93 $ 101,579.00 |$ 101,579.00 |$ 50,026.00 |$ 50,026.00 Mc Graw Hill