Problem 12.4A (Static) Recording adjustments and completing the worksheet. LO 12-1, 12-2, 12-3, 12-4 The Green Thumb Gardener is a retail store that sells plants, soil, and decorative pots. On December 31, 20X1, the firm's general ledger contained the accounts and balances that appear below. Complete this question by entering your answers in the tabs below. By what amount were the assets of the business affected by adjustments? Worksheet Analyze ADJUSTMENTS a. -b. Merchandise inventory on December 31,201, is 513,321 . c. During 20X1, the firm hod net credit sales of $45.000, the firm estimates that 0.5 percent of these sales will result in uncollectible accounts d. On December 31. 20X1, an inventory of the supplies showed that items costing 5325 were on hand. e. On Octobet 1. 20X1, the firm signed a six-month odvertising contract for $1,080 with a local newspaper and pald the full anount in advance f. On January 2, 20x0, the firm purchased store equipment for 58,700 . At that time, the equigment was estimated to bave a useful ife of tive years and a salvage value of $700; 9. On January 2. 20x0, the firm purchased office equipment for \$2.200 At that time, the equipment was estimated fo have a useful life of five years and a salvage value of $300 h. On December 31, 20X1 the firm owed salaries of $1,930 that will not be paid until 202. i. On December 31, 20X1, the firm owed the employer's social secuity tax (assume 6.2 percent and Medicare tax fastume 145 percent) on the entire $1,930 of accrued wages. 1. On December 31. 20x1, the firm owed federat unemployment tax (assume 0.6 percent) and stote unemployment tax (assume 5.4 percent) on the entire $1.930 of accrued wages. Required: 1. Prepare the Tral Balance section of a to-colurnn worksheet. The woiksheet covers the year ended December 31,201. 2. Enter the adjustinents above in the Adjustments section of the worksheet. 3. Complete the worksheet. Analyze: By what amount were the assets of the business affected by adjustments? Complete this question by entering your answers in the tabs below. Problem 12.4A (Static) Recording adjustments and completing the worksheet. LO 12-1, 12-2, 12-3, 12-4 The Green Thumb Gardener is a retail store that sells plants, soil, and decorative pots. On December 31, 20X1, the firm's general ledger contained the accounts and balances that appear below. Complete this question by entering your answers in the tabs below. By what amount were the assets of the business affected by adjustments? Worksheet Analyze ADJUSTMENTS a. -b. Merchandise inventory on December 31,201, is 513,321 . c. During 20X1, the firm hod net credit sales of $45.000, the firm estimates that 0.5 percent of these sales will result in uncollectible accounts d. On December 31. 20X1, an inventory of the supplies showed that items costing 5325 were on hand. e. On Octobet 1. 20X1, the firm signed a six-month odvertising contract for $1,080 with a local newspaper and pald the full anount in advance f. On January 2, 20x0, the firm purchased store equipment for 58,700 . At that time, the equigment was estimated to bave a useful ife of tive years and a salvage value of $700; 9. On January 2. 20x0, the firm purchased office equipment for \$2.200 At that time, the equipment was estimated fo have a useful life of five years and a salvage value of $300 h. On December 31, 20X1 the firm owed salaries of $1,930 that will not be paid until 202. i. On December 31, 20X1, the firm owed the employer's social secuity tax (assume 6.2 percent and Medicare tax fastume 145 percent) on the entire $1,930 of accrued wages. 1. On December 31. 20x1, the firm owed federat unemployment tax (assume 0.6 percent) and stote unemployment tax (assume 5.4 percent) on the entire $1.930 of accrued wages. Required: 1. Prepare the Tral Balance section of a to-colurnn worksheet. The woiksheet covers the year ended December 31,201. 2. Enter the adjustinents above in the Adjustments section of the worksheet. 3. Complete the worksheet. Analyze: By what amount were the assets of the business affected by adjustments? Complete this question by entering your answers in the tabs below