Jolson Music Worksheet For the Year Ended December 31, 20-- Trial Balance Adjustments Account Title Debit Credit Debit Credit Income Statement Debit Credit Balance Sheet Debit Credit 24,640.00 Cash Petty Cash Accounts Receivable 500.00 11,115.00 Merchandise Inventory 267,980.00 Supplies--Office 6,100.00 Supplies--Store 6,500.00 Prepaid Insurance 5,160.00 Accounts Payable 11,665.00 Sales Tax Payable Kristin Jolson, Capital 1,140.00 128,840.00 Kristin Jolson, Drawing 20,500.00 Albert Jolson, Capital 127,430.00 Albert Jolson, Drawing 20,350.00 Income Summary Sales 227,450.00 Purchases 102,300.00 Advertising Expense 5,680.00 Credit Card Fee Expense 2,315.00 Insurance Expense Miscellaneous Expense 2,830.00 Rent Expense 17,280.00 Supplies Expense--Office Supplies Expense--Store Utilities Expense 3,275.00 496,525.00 496,525.00