Preparation of adjustments on a spreadsheet for a merchandising business: Periodic method the trial balance for the Venice Beach Kite Shop, a business owned by Molly Young is shown on page 552. Year-end adjustment information is as follows: (a, b) a physical count shows that merchandise inventory costing $85,000 is on hand as of December 31, 20. (c,d,e) young estimates that customers will be granted $5,700 in refunds of this years sales next year and the merchandise expected to be returned will have a cost of $4,300. (f) supplies remaining at the end of the year $3,300. (g) unexpired insurance on December 31, $3,800. (h) depreciation expense on the building for 20--, $12,500. (i) depreciation expense on the store equipment for 20--, $5,000 (j) unearned rent revenue as of december 31, $4,500. (k)wages earned but no paid as of december 31, $ 3,500

Required. Complete the adjustments columns, identifying each adjustment with its corresponding letter. Complete the spreadsheet Enter the adjustments in a general journal.