takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false website education eBook Show Me How Calculator Preparation of Adjustments on a Spreadsheet for a Merchandising Business: Periodic Method The trial balance for the Venice Beach Kite Shop, a business owned by Molly Young is shown in the End-of-Period Spreadsheet. Year-end adjustment Information: (a, b) A physical count shows that merchandise inventory costing $84,000 is on hand as of December 31, 20-.. (c,d,e) Young estimates that customers will be granted $5,700 in refunds of this year's sales next year and the merchandise expected to be returned will have a cost of $4,400. (1) Supplies remaining at the end of the year, $3,200. (9) Unexpired insurance on December 31, $3,900. (h) Depreciation expense on the building for 20-, $11,000. (1) Depreciation expense on the store equipment for 20--, $9,000. 0) Unearned rent revenue as of December 31, $4,400. Wages earned but not paid as of December 31, $3,500. Required: 1. Complete the Adjustments columns 2. Complete the spreadsheet. Venice Beach Kite Shop End-of-Period Spreadsheet For Year Ended December 31, 20- ADJUSTMENTS TRIAL BALANCE ADJUSTED TRIAL BALANCE DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT ACCOUNT TITLE 20,000 V Cash 20,000 WV2 Online te: x Search All Matches | Chegs | Google /takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inp website education Calculator eBook Show Me How 3. Enter the adjustments in a general journal. Page: DATE ACCOUNT TITLE DOC. POST. NO. REF. DEBIT CREDIT 1 20-- Dec. 31 Income Summary 1 2 Merchandise Inventory 2 3 3 4 4 Dec. 31 Merchandise Inventory Income Summary 5 5 6 6 7 7 Dec. 31 Sales Returns and Allowances Customer Refunds Payable Il II II I II III 8 9 9 10 Dec. 31 10 11 11 12 12 13 Dec. 31 13 14 14 15 15 16 Dec. 31 16 Check My Work 4 more Check My Work uses remaining. takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false website education eBook Show Me How Calculator Preparation of Adjustments on a Spreadsheet for a Merchandising Business: Periodic Method The trial balance for the Venice Beach Kite Shop, a business owned by Molly Young is shown in the End-of-Period Spreadsheet. Year-end adjustment Information: (a, b) A physical count shows that merchandise inventory costing $84,000 is on hand as of December 31, 20-.. (c,d,e) Young estimates that customers will be granted $5,700 in refunds of this year's sales next year and the merchandise expected to be returned will have a cost of $4,400. (1) Supplies remaining at the end of the year, $3,200. (9) Unexpired insurance on December 31, $3,900. (h) Depreciation expense on the building for 20-, $11,000. (1) Depreciation expense on the store equipment for 20--, $9,000. 0) Unearned rent revenue as of December 31, $4,400. Wages earned but not paid as of December 31, $3,500. Required: 1. Complete the Adjustments columns 2. Complete the spreadsheet. Venice Beach Kite Shop End-of-Period Spreadsheet For Year Ended December 31, 20- ADJUSTMENTS TRIAL BALANCE ADJUSTED TRIAL BALANCE DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT ACCOUNT TITLE 20,000 V Cash 20,000 WV2 Online te: x Search All Matches | Chegs | Google /takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inp website education Calculator eBook Show Me How 3. Enter the adjustments in a general journal. Page: DATE ACCOUNT TITLE DOC. POST. NO. REF. DEBIT CREDIT 1 20-- Dec. 31 Income Summary 1 2 Merchandise Inventory 2 3 3 4 4 Dec. 31 Merchandise Inventory Income Summary 5 5 6 6 7 7 Dec. 31 Sales Returns and Allowances Customer Refunds Payable Il II II I II III 8 9 9 10 Dec. 31 10 11 11 12 12 13 Dec. 31 13 14 14 15 15 16 Dec. 31 16 Check My Work 4 more Check My Work uses remaining
