Sarasota Clothing is a retailer in Atlanta, Georgia. The company sells gift cards and records the cash received in the Unearned Sales Revenue account. Presented below is the unadjusted trial balance for Sarasota Clothing as of December 31, 2022. Cash SARASOTA CLOTHING Unadjusted Trial Balance December 31, 2022 Accounts Receivable Inventory Accounts Payable Unearned Sales Revenue Owner's Capital Owner's Drawings Sales Revenue Debit $ 29,400 6,200 39,900 4,300 Credit 8,500 5,600 58,000 255,000

Sarasota Clothing is a retailer in Atlanta, Georgia. The company sells gift cards and records the cash received in the Unearned Sales Revenue account. Presented below is the unadjusted trial balance for Sarasota Clothing as of December 31,2022. Adjustment data: 1. Customers used gift cards to purchase merchandise totaling $5,400. 2. Inventory actually on hand is $36,900. No. Date Account Titles and Explanation Debit Credit 1. Dec. 31 (To adjust unearned sates revenue) 2. Dec. 31 (To adjust inventory)