I need to know how to show the answer to question 8. A physical count of inventory shows a value of $219,100. The periodic inventory method is used on the adjusted trial balance below. I'm also not entirely sure that I've answered question 7 correctly either.

Thanks for your help.

Adjusting items:

1. The remaining prepaid insurance at year end is $3,000 2. A physical inventory shows supplies on hand of $2,000 at year end 3. The prepaid rent of $7,500 covers January 2015 rent 4. Depreciation on equipment is $12,000 for the year 5. At year end sales salaries of $3,000 were earned but unpaid 6. At year end office salaries of $4,000 were earned but unpaid 7. Inventory items with a cost of $35,400 were received on the last day of the year but no invoice was received yet. 8. A physical count of inventory shows a value of $219,100. The periodic inventory method is used.

Account #	Account Title	debit	credit
555	Insurance Expense	500
130	Prepaid Insurance		500
	To record insurance expense
532	Supplies Expense	1,252
125	Supplies on hand		1,252
	To record supplies on hand
	No entry
570	Depreciation Expense	12,000
	Accumulated Depreciation		12,000
	To record depreciation expense
530	Sales Salary Expense	3,000
210	Wages Payable		3,000
	To record earned but unpaid sales salary
540	Office Salaries Expense	4,000
210	Wages payable		4,000
	To record earned but unpaid office salary
500	Purchases	35,400
202	Accounts Payable		35,400