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The Artisan Wines is a retail store selling vintage wines. On December 31, 2019, the firm's general ledger contained the accounts and balances below. All
The Artisan Wines is a retail store selling vintage wines. On December 31, 2019, the firm's general ledger contained the accounts and balances below. All account balances are normal Artisan Wines Year Ended December 31, 2019 Adjustments Debit Income Statement Debit Adiusted Trial Balance Account Name Credit Credit $ 28,386.00 $28,386.00 Accounts Receivable Prepaid Advertising 480.00 300.00 15,030.8a 25,0a0.e0 320.0e 160.00 13,800.08 25,800.00 168.0 148.00 Merchandise Inventory Store Accumulated Depreciation-Store Equipment office Equipment Accumulated Depreciation-Office Equipment Notes Payable, due 2820 Accounts Payable Wages Payable Social Security Tax Payable Medicare Tax Payable Unearned Seminar Fees Interest Payable Vincent Arroyo, Capital Vincent Arroyo, Drawing 13,0a0.00 15,808.0 13,080.3 25,0a0.e8 3,000.00 3,808.80 6,080.00 6,080.00 1, 125 , ?? 1,580.00 28,080.00 2,785.00 2,625.00 28,080.80 2,785.0e 500.00 2,625.00 28,080.00 2,785.00 500.00 08.00 2,080.00 180.0e 32,700.00 6,900.00 4,880.00 2,080.00 180.0e 32,700.00 32,780.00 14,110.80 ,110.80 14, 110.8e come Surmary 15,030.e 13,. 15,08e.0 13,080.0 15,000.0 13,808.0 153,970.00 153,970.00 4,080.00 1,080.00 153,978.00 4,008.00 1,800.00 Sales Discounts 200.00 4,000.00 91,080.80 91,0a0.80 91,000.0e Purchases Returns and Allowances 1,880.0e 13, 200.00 24,990.80 3,324.00 13, 280.80 24,580.90 3,362.25 225.00 13, 280.0e 24, 500.0e Rent Expense Wages Payroll Taxes Expense Depreciation Expense-store Equipment Depreciation Expense Office Equipment Advertising Expense 500.80 3,803.0e 1,125.00 160.08 140.06 250.00 lies Expense Interest Expense 100.00 $220,875. $228,875.0 $37,063.25 $37, 863.25 $238,638.25 $238,638.25 $152,162.25 $171,978.00 $86,476.0e $66,668.25 19,807.75 $171,97.00 $171,978.00 $86,476.00 $86,476.03 Net Income 19,807.75
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