The Artisan Wines is a retail store selling vintage wines. On December 31, 20X1, the firm's general ledger contained the accounts and balances below. All account balances are normal. Trial Balance Artisan Wines Worksheet Year Ended December 31, 20X1 Adjustments Account Name Debit Credit Debit Credit Adjusted Trial Balance Debit Credit Income Statement Debit Credit Balance Sheet Debit Credit Cash $ Accounts Receivable Prepaid Advertising 27,686.00 430.00 1,500.00 $ 27,686.00 $ 27,686.00 500.00 Supplies 230.00 Merchandise Inventory 14,300.00 11,300.00 165.00 14,300.00 Store Equipment 21,500.00 430.00 1,000.00 65.00 11,300.00 21,500.00 430.00 1,000.00 65.00 11,300.00 21,500.00 Accumulated Depreciation-Store 2,300.00 2,950.00 Equipment 5,250.00 5,250.00 Office Equipment 4,300.00 4,300.00 4,300.00 Accumulated Depreciation-Office 1,430.00 930.00 2,360.00 Equipment 2,360.00 Notes Payable, due 20X2 16,500.00 16,500.00 16,500.00 Accounts Payable 2,005.00 2,005.00 Wages Payable Social Security Tax Payable Medicare Tax Payable Unearned Seminar Fees 360.00 22.32 2,005.00 360.00 22.32 5.22 1,300.00 82.50 35,610.00 360.00 22.32 5.22 5.22 3,900.00 2,600.00 Interest Payable 82.50 1,300.00 82.50 Vincent Arroyo, Capital 35,610.00 35,610.00 Vincent Arroyo, Drawing 13,410.00 Income Summary 14,300.00 11,300.00 13,410.00 14,300.00 13,410.00 11,300.00 14,300.00 11,300.00 Sales 146,970.00 146,970.00 146,970.00 Sales Discounts 130.00 130.00 130.00 Seminar Fee Income 2,600.00 2,600.00 2,600.00 Purchases 87,500.00 87,500.00 87,500.00 Purchases Returns and Allowances 930.00 930.00 930.00 Freight In 155.00 Rent Expense 12,500.00 155.00 12,500.00 155.00 12,500.00 Wages Expense 23,300.00 360.00 23,660.00 23,660.00 Payroll Taxes Expense 2,624.00 Depreciation Expense-Store 30.60 2,950.00 2,651.54 2,651.54 2,950.00 2,950.00 Equipment Depreciation Expense-Office Equipment Advertising Expense 930.00 500.00 930.00 930.00 500.00 500.00 Supplies Expense Interest Expense Totals Net Income 80.00 165.00 162.50 165.00 82.50 $ 209,645.00 $ 209,645.00 $ 33,258.10 $ 33,258.10 $ 225,338.10 $225,338.10 $ 145,647.10 $ 161,800.00 $ 79,691.00 $ 63,538.10 16,195.96 $ 161,800.00 $ 161,800.00 $ 79,691.00 $ 79,691.00 16,195.96 165.00 162.50