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Required information [The following information applies to the questions displayed below.] The December 31, 2024, unadjusted trial balance for the Wolkstein Drug Company is

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Required information [The following information applies to the questions displayed below.] The December 31, 2024, 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 $ 70,910 Credits Accounts receivable 23,000 Prepaid rent 2,800 Inventory 35,000 Equipment 66,000 Accumulated depreciation Accounts payable $19,800 24,000 Salaries payable e Common stock 100,000 Retained earnings 16,000 Sales revenue 373,000 Cost of goods sold 223,800 Salaries expense 74,600 Rent expense 16,800 Depreciation expense Utilities expense 14,920 Advertising expense 4,970 Totals $532,800 $532,800 The following year-end adjusting entries are required: a. Depreciation expense for the year on the equipment is $6,600. b. Salaries at year-end should be accrued in the amount of $4,880. Required: 1. Prepare and complete a worksheet. < Previ 5 of 8 Next >

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