Preparing Adjusting Entries, Financial Statements, and Closing Entries Facher Card Shop is a smail refail shop. Fischer's balance sheet at year-end 2018 is as follows. The following information details cransactions and adjustments that occurred during 2019 1. Soles total 3145,850 in 2019; all sales were cast sales. 2 inventery purchases total $76,200 in 2019; at December 31, 2019, imentory totals 514.500. Assurne all purchases are made on account. 3. Accounts payable totals 54,100 at December 31,2019. 4. Annual store rent for $24,000 and was paid on Narch 1, 2019, covering the neat 12 months. The balance in prepaid rent at December 31,2018 , was the balance remainini from the acvance rent payment in 2018 . 5. Wages are paid every other week on Friday, during 2019, Fischer paid 312,500 cash for wages, At December 31. 2019, Fischer owed employees unpaid and unrecorded Wosges of $350. Note: Use negative siens with vour answers. whon annrnnriat Note: Do not use negative signs with anv of vour answers in the fin Check Preparing Adjusting Entries, Financial Statements, and Closing Entries Facher Card Shop is a smail refail shop. Fischer's balance sheet at year-end 2018 is as follows. The following information details cransactions and adjustments that occurred during 2019 1. Soles total 3145,850 in 2019; all sales were cast sales. 2 inventery purchases total $76,200 in 2019; at December 31, 2019, imentory totals 514.500. Assurne all purchases are made on account. 3. Accounts payable totals 54,100 at December 31,2019. 4. Annual store rent for $24,000 and was paid on Narch 1, 2019, covering the neat 12 months. The balance in prepaid rent at December 31,2018 , was the balance remainini from the acvance rent payment in 2018 . 5. Wages are paid every other week on Friday, during 2019, Fischer paid 312,500 cash for wages, At December 31. 2019, Fischer owed employees unpaid and unrecorded Wosges of $350. Note: Use negative siens with vour answers. whon annrnnriat Note: Do not use negative signs with anv of vour answers in the fin Check