just complete a worksheet

sean's wholesale clothing company

12A-3. From the trial balance in Figure 11.16 and additional data, complete the sheet for Sean's Wholesale Clothing Company CHAPTER 11 Preparing a Worksheet for a Merchandise Company Using the Perpetual Method 389 L01,2 (60 min) the following trial balance and additional data, complete the worksheet for Ron's Wholesale Clothing Company Additional Data 2. Physical count of inventory on December 31, 53,950 b. Supplies on hand, $50 c. Insurance expired, $55 d. Depreciation expense on store equipment, $100 e Storage fees earned, $115 RON'S WHOLESALE CLOTHING COMPANY TRIAL BALANCE DECEMBER 31, 2019 Figure 11.16 Trial Balance for Ron's Wholesale Clothing Company Dr. Check Figure: Net Income 53.636 Cash Petty Cash Accounts Receivable Merchandise Inventory Supplies Prepaid Insurance Store Equipment Accumulated Depreciation Store Equipment Accounts Payable Federal Income Tax Payable FICA - Soc. Sec. Payable FICA - Medicare Payable Unearned Storage Fees Ron Win, Capital Ron Win, Withdrawals Sales Sales Returns and Allowances Sales Discounts Cost of Goods Sold Salaries Expense Payroll Tax Expense Interest Expense 260 000 3 000 30 00 00 360 000 2 7 000 18 000 100 000 49 600 45 9000 59000 7 400 100 00 3.50 00 2.734 00 180 000 19 400 00 56 000 48000 8 30 000 600 000 19400 3.20 00 28 3 3 400 28 3 3 4 00 Appendix for Chapter 12 SEAN'S WHOLESALE CLOTHING COMPANY TRIAL BALANCE DECEMBER 31, 2017 Figure 12A.34 Account Cash Petty Cash Accounts Receivable Merchandise Inventory Supplies Prepaid Insurance Store Equipment Accumulated Depreciation, Store Equipment Accounts Payable Federal Income Tax Payable FICA-Social Security Payable FICA-Medicare Payable State Income Tax Payable SUTA Tax Payable FUTA Tax Payable Unearned Storage Fees Sean Win, Capital Sean Win, Withdrawals Income Summary Sales Sales Returns and Allowances Sales Discount Purchases Purchases Discount Purchases Returns and Allowances Freight-in Salaries Expense Payroll Tax Expense Interest Expense Totals Balance Debit Credit 416000 60 000 8 10 000 850000 90000 80 000 3 1 0 0 00 200 000 1130 000 1 2 0 000 462 00 118.00 10 000 1 08.00 2 800 45 000 15 5 0 000 4 3 0 0 00 39 919 00 1550 00 12 9500 23 00 000 450 00 70 000 1 2 500 14 500 00 147000 935 00 72 335 00 723 35 00 12A-3. From the trial balance in Figure 11.16 and additional data, complete the sheet for Sean's Wholesale Clothing Company CHAPTER 11 Preparing a Worksheet for a Merchandise Company Using the Perpetual Method 389 L01,2 (60 min) the following trial balance and additional data, complete the worksheet for Ron's Wholesale Clothing Company Additional Data 2. Physical count of inventory on December 31, 53,950 b. Supplies on hand, $50 c. Insurance expired, $55 d. Depreciation expense on store equipment, $100 e Storage fees earned, $115 RON'S WHOLESALE CLOTHING COMPANY TRIAL BALANCE DECEMBER 31, 2019 Figure 11.16 Trial Balance for Ron's Wholesale Clothing Company Dr. Check Figure: Net Income 53.636 Cash Petty Cash Accounts Receivable Merchandise Inventory Supplies Prepaid Insurance Store Equipment Accumulated Depreciation Store Equipment Accounts Payable Federal Income Tax Payable FICA - Soc. Sec. Payable FICA - Medicare Payable Unearned Storage Fees Ron Win, Capital Ron Win, Withdrawals Sales Sales Returns and Allowances Sales Discounts Cost of Goods Sold Salaries Expense Payroll Tax Expense Interest Expense 260 000 3 000 30 00 00 360 000 2 7 000 18 000 100 000 49 600 45 9000 59000 7 400 100 00 3.50 00 2.734 00 180 000 19 400 00 56 000 48000 8 30 000 600 000 19400 3.20 00 28 3 3 400 28 3 3 4 00 Appendix for Chapter 12 SEAN'S WHOLESALE CLOTHING COMPANY TRIAL BALANCE DECEMBER 31, 2017 Figure 12A.34 Account Cash Petty Cash Accounts Receivable Merchandise Inventory Supplies Prepaid Insurance Store Equipment Accumulated Depreciation, Store Equipment Accounts Payable Federal Income Tax Payable FICA-Social Security Payable FICA-Medicare Payable State Income Tax Payable SUTA Tax Payable FUTA Tax Payable Unearned Storage Fees Sean Win, Capital Sean Win, Withdrawals Income Summary Sales Sales Returns and Allowances Sales Discount Purchases Purchases Discount Purchases Returns and Allowances Freight-in Salaries Expense Payroll Tax Expense Interest Expense Totals Balance Debit Credit 416000 60 000 8 10 000 850000 90000 80 000 3 1 0 0 00 200 000 1130 000 1 2 0 000 462 00 118.00 10 000 1 08.00 2 800 45 000 15 5 0 000 4 3 0 0 00 39 919 00 1550 00 12 9500 23 00 000 450 00 70 000 1 2 500 14 500 00 147000 935 00 72 335 00 723 35 00