Prepare a work sheet from the year-end trial balance for Jean's Jeans shown next page and the following information. Set up your own account names and numbers. Additional Information: Merchandise Inventory, December 31, valued at $50 000. Supplies on hand, December 31, valued at $2000. Allowance for Doubtful Accounts must be increased to $840 using the balance sheet method. Store fixtures depreciate 20 percent per year using the declining-balance method. Jean's Jeans ACCOUNTS TITLE CC.N DEBIT Cash 100 $15,345.00 Accounts Receivable 102 $28,000.00 Allowance for Doubtful Accounts 103 $100.00 Merchandise Inventory, January 1 120 $60,000.00 Supplies 131 $4,900.00 Store Fixtures 141 $15,000.00 Accum. Depreciation-Store Fixtures 142 $7,300.00 Accounts Payable 200 $9,500.00 HST Payable 205 $3,100.00 HST Refundable 207 $470.00 Bank Loan 221 $8,000.00 L. Steeves, Capital 300 $51,225.00 301 $19,000.00 L. Steeves, Drawings Sales 400 $260,000.00 Purchases 500 $80,000.00 Advertising Expense 610 $8,125.00 Office Expense 611 $4,000.00 Store Expense 612 $9,150.00 Rent Expense 613 $14,275.00 Salaries Expense 614 $80,100.00 Interest Expense 615 $860.00 $339,225.00 $339,225.00 616 617 618 201 202 Net Income TRIAL BALANCE CREDIT Worksheet DEBIT ADJUSTMENTS CREDIT For the year ended December 31, 20-- BALANCE SHEET DEBIT CREDIT INCOME STATEMENT DEBIT CREDIT O