I need help with the adjusted trial balance on the last picture. The first 8 pictures are there incase you need to reference them. Thank you.
Comprehensive Problem 5 (Part Level Submission) On December 1, 2017, Prosen Distributing Company had the following account balances. Debit Credit Cash $7,000 Accumulated Depreciation-Equipment $2,310 Accounts Receivable 4,800 Accounts Payable 4,900 Inventory 11,600 Salaries and Wages Payable 1,100 Supplies 1,500 Common Stock 30,000 Retained Earnings Equipment 23,100 9,690 $48,000 $48,000 During December, the company completed the following summary transactions. Dec. 6 Paid $1,750 for salaries and wages due employees, of which $650 is for December and $1,100 is for November salaries and wages payable. 8 Received $2,000 cash from customers in payment of account (no discount allowed). 10 Sold merchandise for cash $6,800. The cost of the merchandise sold was $4,200. Purchased merchandise on account from Maglio Co. $9,000, terms 2/10, n/30. 13 15 Purchased supplies for cash $1,800. Sold merchandise on account $12,900, terms 3/10, n/30. The cost of the merchandise sold was $8,200. 18 20 Paid salaries and wages $1,900. Paid Maglio Co. in full, less discount 23 27 Received collections in full, less discounts, from customers billed on December 18. Account Titles and Explanation Credit Date Debit Dec. 6TSalaries and Wages Expen 650 Salaries and Wages Payab 1,100 Cash 1,750 Cash Dec. 8 2,000 Accounts Receivable 2,000 Dec. 10 Cash 6,800 6,800 Sales Revenue (To record sales revenue.) Dec. 10 Cost of Goods Sold 4,200 Inventory 4,200 (To record cost of goods sold.) Dec. 13 Inventory 9,000 Accounts Payable 9,000 Dec. 15 Supplies 1,800 Cash 1,800 Dec. 18 12,900 Accounts Receivable Sales Revenue 12,900 (To record the sales revenue.) Dec. 18 Cost of Goods Sold 8,200 Inventory 8,200 (To record cost of goods sold.) Dec. 20 Salaries and Wages Expen 1,900 Cash 1,900 Dec. 23 Accounts Payable 9,000 Inventory 180 8,820 Cash Dec. 27 Cash 12,513 Sales Discounts 387 Accounts Receivable 12,900 ACC SHOW LIST OF COUNTS (b) Your answer is correct. Enter the December 1 balances in the ledger T-accounts and post the December transactions. (Post entries in the order of jour Cash 12/1 Bal 12/6 7,000 1,750 12/8 12/15 2,000 1,800 12/10 12/20 6,800 1,900 12/27 12,513 12/23 8,820 12/31 Bal. 14,043 Common Stock 12/1 Bal. 30,000 12/31 Bal. 30,000 Retained Earnings 12/1 Bal. 9,690 12/31 Bal. 9,690 Sales Revenue 12/10 6,800 12/18 12,900 12/31 Bal. 19,700 Sales Discount 12/27 387 12/31 Bal. 4 387 Cost of Goods Sold 12/10 4,200 12/18 8,200 12/31 Bal. 12,400 Salaries and Wages Expense 12/6 650 12/20 1,900 4h ... 4 Adjustment data: Accrued salaries and wages payable $500 1. Depreciation $210 per month 2. 3. Supplies on hand $1,500. Journalize adjusting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation No. Date Debit Credit 1. Salaries and Wages Expen Dec. 31 500 Salaries and Wages Pay 500 2. Dec. 31 Depreciation Expense 210 Accumulated Depreciati 210 3. Dec. 31 Supplies Expense 1,800 1,800 Supplies Post adjusting entries. (Post entries in the order of journal entries presented above.) Cash 7,000 12/6 2,000 12/15 6,800 12/20 12,513 12/23 12/1 Bal 1,750 12/8 1,800 12/10 1,900 12/27 8,820 12/31 Bal 14,043 Accounts Receivable 4,800 12/8 12,900 12/27 12/1 Bal 2,000 12/18 12,900 12/31 Bal 2,800 Inventory 11,600 12/10 9,000 12/18 12/1 Bal 4,200 12/13 8,200 12/23 180 12/31 Bal 8,020 Supplies 1,500 12/31 12/1 Bal 1,800 1,800T 12/15 12/31 Bal. 1,500 Equipment 12/1 Bal 23,100 12/31 Bal 23,100 Accumulated Depreciation-Equipment 12/1 Bal 2,310 12/31 210 12/31 Bal. 2,520 Accounts Payable 9,000 12/1 Bal 12/13 4,900 12/23 9,000 12/31 Bal 4,900 Salaries and Wages Payable 1,100 12/1 Bal 12/6 1,100 12/31 500 12/31 Bal. + 500 Common Stock 12/1 Bal 12/31 Bal 30,000 30,000 Retained Earnings 12/1 Bal 9,690 12/31 Bal 9,690 Sales Revenue 6,800 12/10 12/18 12,900 12/31 Bal 19,700 Sales Discount 12/27 387 12/31 Bal 387 Cost of Goods Sold 12/10 4,200 12/18 8,200 12/31 Bal 12,400 Depreciation Expense 12/31 210 12/31 Bal. 210 Salaries and Wages Expense 650m 12/6 1,900| 12/20 12/31 500 12/31 Bal. 3,050 Supplies Expense 12/31 1,800 12/31 Bal. 1,800 (d) Prepare an adjusted trial balance PROSEN DISTRIBUTING COMPANY Adjusted Trial Balance Debit Credit Totals
