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I really need help with this [The following information applies to the questions displayed below.) The December 31, 2021, unadjusted trial balance for the Wolkstein
I really need help with this
[The following information applies to the questions displayed below.) The December 31, 2021, unadjusted trial balance for the Wolkstein Drug Company is presented below. December 31 is the company's year-end reporting date. Credits Debits 64,210 25,250 3,400 38,750 78,000 23,400 27,000 Account Title Cash Accounts receivable Prepaid rent Inventory Equipment Accumulated depreciation Accounts payable Salaries payable Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Depreciation expense Utilities expense Advertising expense Totals 100,000 20,500 403,000 241,800 80,600 20,400 16,120 5, 370 573,900 573,900 The following year-end adjusting entries are required: a. Depreciation expense for the year on the equipment is $7.800. b. Salaries at year-end should be accrued in the amount of $5,240. G Check my work Required information Account Title Adjusting Entries Dr. Cr. Adjusted Trial Balance Dr. Cr Cr. Income Statement Dr. Cr. Balance Sheet Dr Cr. Cash Unadjusted Trial Balance Dr. 64,210 25, 250 3,400 38,750 78 000 23,400 27,000 0 Accounts receivable Prepaid rent Inventory Equipment Accumulated depreciation Accounts payable Salaries payable Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Depreciation expense Utilities expense Advertising expense 100,000 20 500 403.000 241,800 80,600 20,400 0 16,120 5,370 0 0 0 Net incomeStep by Step Solution
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