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Required Information The following information applies to the questions displayed below The December 31, 2021, unadjusted trial balance for the Wolkstein Drug Company to presented
Required Information The following information applies to the questions displayed below The December 31, 2021, unadjusted trial balance for the Wolkstein Drug Company to presented below. December 311s the company's year-end reporting date. Credits Dobits 53,640 Accounts receivable Prepaid rent 4,480 45,00 98, 29,480 Accumulated depreciation Accounts payable Salaries payable 160cc 28,60 453,60 Retained earnings Sales reven Cost of goods sold Salaries expense 271,880 Utilities The following year-end agus ng entries are required 5. Depreciation expense for the year on the equipment is $9,800. b. Salaries at yearend should be accrued in the amount of $5,840 Required: 7. Prepare and complete a worksheet. WOLKBTEN DRUG COMPANY Worksheet December 31, 2021 Adjucting Entries Aducted Trial Balance Dr. Or. Dr. Or. Account Title Unducted Trial Balance Dr. Or. 53.040 Income Statement Dr. Or. Balance Sheet Dr. Or. 4.400 Accounts receivable Prepaid rent Inventory Equipment Accumulated depreciation Accounts payable Salarios payable Common stock Retained emings Sales revenue Cost of goods sold Salaries expense Ront expense Depreciation expense 453,000 271,800 0.000 26,400 US TO GO 18,120 Advertising expense Niet income 0 0
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