Note: Merchandise 4. Below is the adjusted trial balance of Silent J Merchandising as of 31 December 2020. Prepare the SCI using the multi-step format. Silent J Merchandising Trial Balance As of 31 December 2020 Account Debit (P) Cash 101 150.00 Accounts Receivable 37 000.00 Allowance for Doubtful Accounts Merchandise Inventory, 1 January 2020 54 500.00 Prepaid Insurance 1 500.00 Discount Office Salaries Sales Salaries Depreciation - Office Freight-out Office Supplies Expe Sales Supplies Exper Advertising Expense Commission Expens Interest Expense Credit (P) 3 700.00 Merchandise Invento 84 000.00 19 400.00 Office Equipment Accumulated Depreciation Accounts Payable Notes Payable Mortgage Payable Silent J, Capital Silent J, Drawing 17 530.00 4 000.00 40 000.00 234 020.00 2000.00 Sharing stefnan ublishing, Inc. eligente Account Debit (1) Gross Sales Credit (P) 241 000.00 2 250.00 Rent Income Sales Returns and Allowances Sales Discount 5 000.00 3 000.00 150 290.00 3780.00 Purchases Freight-in Purchase Returns and Allowances Purchase Discount 950.00 610.00 Office Salaries 20 600.00 52 460.00 9 700.00 10 200.00 Sales Salaries Depreciation - Office Equipment Freight-out Office Supplies Expense Sales Supplies Expense Advertising Expense Commission Expense Interest Expense 5 600.00 6 400.00 8 800.00 7 340.00 140.00 Total 563 460.00 563 460.00 Merchandise Inventory, 31 December 2020 is 195 510.00