Problem 12.6A (Static) Recording adjustments and completing the worksheet. LO 12-4, 12-2, 12-3, 12-4 Enoteca Fine Wines is a retail store selling vintage wines. On December 31, 20x1, the firm's general ledger contained the accounts and balances below. All account balances are normal Cash $ 29,886 Accounts Receivable 1,500 Prepaid Advertising 480 Supplies 300 Merchandise Inventory 15,000 Store Equipment 27,000 Accumulated Depreciation-Store Equipment 3,000 office Equipment 6,000 Accumulated Depreciation- Office Equipment 1,500 Notes Payable, due 20x2 20,000 Accounts Payable 4,705 Wages Payable Social Security Tax Payable Medicare Tax Payable Unearned Seminar Fees 8,800 Interest Payable Vincent Carbone, Capital 32,700 Vincent Carbone, Drawing 14, 110 Income Summary Sales 154,970 Sales Discounts 200 Seminar Fee Income Purchases 91,000 Purchases Returns and 1,500 Allowances Freight In 225 Rent Expense 13,200 Wages Expense 24,000 Payroll Taxes Expense 3,324 Depreciation Expense-Store Equipment Depreciation Expense-Office Equipment Advertising Expense Supplies Expense Interest Expense 150 ADJUSTMENTS: a-b. Merchandise inventory at December 31, 20x1, was counted and determined to be $14,000 c. The amount recorded as prepaid advertising represents $480 paid on September 1, 20x1, for 12 months of advertising d. The amount of supplies on hand at December 31 was $130, e. Depreciation on store equipment was $3,800 for 20x1 f. Depreciation on office equipment was $1,250 for 20X1 9. Unearned Seminar Fees represent $8,000 received on November 1, 20X1. for four seminars. At December 31, three of these seminars had been conducted h. Wages owed but not paid at December 31 were $500 1. On December 31, 20x1, the firm owed the employer's social security tax ($31.00) and Medicare tax ($7.25). J. The note payable bears interest at 6 percent per annum. Two months of interest is owed at December 31, 20X1. 32,700 14, 110 154,970 200 Vincent Carbone, Capital Vincent Carbone, Drawing Income Summary Sales Sales Discounts Seminar Fee Income Purchases Purchases Returns and Allowances Freight In Rent Expense Wages Expense Payroll Taxes Expense Depreciation Expense-Store Equipment Depreciation Expense-Office Equipment Advertising Expense Supplies Expense Interest Expense 91,000 1,500 225 13, 200 24,000 3,324 150 ADJUSTMENTS: 3.-5. Merchandise inventory at December 31, 20x1, was counted and determined to be $14,000. The amount recorded as prepaid advertising represents $480 paid on September 1, 20x1, for 12 months of advertising d. The amount of supplies on hand at December 31 was $130. e. Depreciation on store equipment was $3,800 for 20x1. f. Depreciation on office equipment was $1,250 for 20X1. 9. Unearned Seminar Fees represent $8,000 received on November 1, 20x1, for four seminars. At December 31, three of these seminars had been conducted. h. Wages owed but not paid at December 31 were $500. 1. On December 31, 20X1, the firm owed the employer's social security tax ($31.00) and Medicare tax ($7.25). J. The note payable bears interest at 6 percent per annum. Two months of interest is owed at December 31, 20x1. Required: 1. Prepare the Trial Balance section of a 10-column worksheet. The worksheet covers the year ended December 31, 2. Enter the adjustments above in the Adjustments section of the worksheet 3. Complete the worksheet. 20X1 Analyze: What was the amount of revenue earned by conducting seminars during the year ended December 31, 20X1? Worksh.. Analyze Complete the worksheet. (Enter both the debit and credit effects wherever required. Round your intermediate calculations and final answers to 2 decimal places.) Enoteca Fine Wines Worksheet Year Ended December 31, 20X1 Trial Balance Adjustments Adjusted Trial Income Statement Balance Sheet Balance Account Namo Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash Accounts Receivable Prepaid Advertising Supplies Merchandise Inventory Store Equipment Accumulated Depreciation Store Equipment Orice Equipment Accumulated Depreciation- Office Equipment Notes Payable, due 20X2 Accounts Payable Wages Payable Social Security Tax Payable Medicare Tax Payable Unearned Seminar Fees Interest Payable Vincent Carbono, Capital Vincent Carbone, Drawing Income Summary Sales Sales Discounts Seminar Fee Income Purchases Purchases Returns and Allowances Freight in Rent Expense Wagon Expense Payroll Taxes Expense Depreciation Expense-Store Equipment Depreciation Expense-Office Equipment Advertising Expense Supplies Expense Interest Expense Totais Not income Work Analyze > Analyze: What was the amount of revenue earned by conducting seminars during the year ended December 31, 20X1? Complete this question by entering your answers in the tabs below. Worksheet Analyze What was the amount of revenue earned by conducting seminars during the year ended December 31, 20X1? Revenue eamed, Dec. 31, 20x1