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P3 - MERCHANDISING COMPANY WORKSHEET (P2WORK) LEAANENG OBJECTTVES - Prepare a worksheet for a proprietorshig merchandisirg ferm. - Prepare financial statements trom a worksheet. - Compare expense levels to rational averages. - Aser the worksheet to include a property designed baiance shent. - Crease a chart showing all expenses. Note: For a probiem using the corporate form of business organization, downiond F2WOOKK Inom the webaite for this book at cengagebrain. oom. ROBLEM DATA he tral balance of Sports Coninection at June 30, 2013. the end of the current fiucal year, is as dows: Adjustment information is as follows: a. Supplies on hand as of Jume 30, 2013, s430. b. Insurance premiums that expired during the year, 52,420 . c. Deprociation on equipment during the year, $1.500. d. Included in the rent expense of 530,000 is $1,200 that is prepaid for July 2013 Q. Salaries accrued but not paid at June 30,2013,$1,440. t. Merchandise inventory on dune 30,2013,3013,51,44 REQUIREMENT 1. As the accountant for Sports Connection, you have been askod to prepare acfurng ing. it should be notod 2. Open the tie P2Wofik brom the wobste tor he book at cengagetrain.om. Ente to on the screen to assist you in complieing toquhes wres s