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thanks The trial balance for Vicki's Fabric Store as of December 31, 20-1 is shown in the End-of-Period Spreadsheet. At the end of the year,
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The trial balance for Vicki's Fabric Store as of December 31, 20-1 is shown in the End-of-Period Spreadsheet. At the end of the year, the following adjustments need to be made: (a, b) Merchandise inventory as of December 31, $31,700. (c, d, e) Vicki estimates that customers will be granted $2,500 in refunds of this year's sales next year and the merchandise expected to be returned will have a cost of $1,700. Unused supplles on hand, 1400 (9) Insurance expired, $2,200. Depreciation expense for the year on building, $20,500. () Depreciation expense for the year on equipment. 55,000. Wages earned but not paid (Wages Payable). 5510. (K) Uneamed revenue on December 31, 20-1, 51.000. Required:Step by Step Solution
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