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Required information 2 [The following information applies to the questions displayed below.] The December 31, 2021, unadjusted trial balance for the Wolkstein Drug Company
Required information 2 [The following information applies to the questions displayed below.] The December 31, 2021, unadjusted trial balance for the Wolkstein Drug Company is presented below. December 31 is the company's year-end reporting date. Account Title Cash Debits Credits 20,000 Accounts receivable 35,000 Prepaid rent 5,000 Inventory 50,000 bok Equipment 100,000 Accumulated depreciation 30,000 Accounts payable 25,000 Ant Pent erences Salaries payable Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Depreciation expense Utilities expense Advertising expense Totals 100,000 29,000 323,000 180,000 71,000 30,000 0 12,000 4,000 507,000 507,000 The following year-end adjusting entries are required: a. Depreciation expense for the year on the equipment is $10,000. b. Salaries at year-end should be accrued in the amount of $4,000. quired: repare and complete a worksheet
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