r tril bale and astjusted trial balance represented below were entered on the work sheet of Ornes Notes fie the year ended December 31. 20- Reqwired Eamine the trial balance and adjusted trial balance and prepare the year-end adjusting entries for Blue Grass Notes Prepare the cost of goods sold section of the income statement for Blue Grass Notes for year ended December 31.20- Work Sheet (partial Adjusted Trial Trial alance Debit Credit Account Title Balance Debit Credit 18.04 4.400 42,600 2,53 18,040 4,400 40,400 2,530 3.85 118,800 ccounts Receivable ferchandise Invento id Insurance tore Equipment 118,80 Accumulated Depreciation 46,53 64,13 tore Equipment 132,000 132,00 uildin ccumulated Depreciation-Buildin 68,20 74,80 and 69,00 8,28 1,32 8,280 1,320 3,41 91,00 Accounts Payable ages Pavable Unearned Sales Revenue elta Tools, Drawin ales Tax Payable Mortgage Payable elta Tools, Capital 132,0 132,0 26,4 42,60 Income Summa ales 250,80 253 1,54 105,960 urchases 105,96 urchases Returns and Allowances 2,65 10,230 urchases Discounts Freight-In Wages Expense elephone Expense tilities Expense epreciation Expense-Store Equipment epreciation Expense-Building urance Expense Ivertising Expense scellaneous Expense 15,30 25,08 23,98 1,32 18,710 25,08 23,98 6.600 3,05 15,18 15,180 5.28 5.280 614310 614310 682,32 r tril bale and astjusted trial balance represented below were entered on the work sheet of Ornes Notes fie the year ended December 31. 20- Reqwired Eamine the trial balance and adjusted trial balance and prepare the year-end adjusting entries for Blue Grass Notes Prepare the cost of goods sold section of the income statement for Blue Grass Notes for year ended December 31.20- Work Sheet (partial Adjusted Trial Trial alance Debit Credit Account Title Balance Debit Credit 18.04 4.400 42,600 2,53 18,040 4,400 40,400 2,530 3.85 118,800 ccounts Receivable ferchandise Invento id Insurance tore Equipment 118,80 Accumulated Depreciation 46,53 64,13 tore Equipment 132,000 132,00 uildin ccumulated Depreciation-Buildin 68,20 74,80 and 69,00 8,28 1,32 8,280 1,320 3,41 91,00 Accounts Payable ages Pavable Unearned Sales Revenue elta Tools, Drawin ales Tax Payable Mortgage Payable elta Tools, Capital 132,0 132,0 26,4 42,60 Income Summa ales 250,80 253 1,54 105,960 urchases 105,96 urchases Returns and Allowances 2,65 10,230 urchases Discounts Freight-In Wages Expense elephone Expense tilities Expense epreciation Expense-Store Equipment epreciation Expense-Building urance Expense Ivertising Expense scellaneous Expense 15,30 25,08 23,98 1,32 18,710 25,08 23,98 6.600 3,05 15,18 15,180 5.28 5.280 614310 614310 682,32