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. $ 27,396 480 600 280 14,800 24,800 2,800 4,800 1,400 18,000 2,685 Wages Payable 7,200 Cash Accounts Receivable Prepaid Advertising Supplies Merchandise Inventory Store Equipment Accumulated Depreciation-store Equipment Office Equipment Accumulated Depreciation-office Equipment Notes Payable, due 20x2 Accounts Payable Social Security Tax Payable Medicare Tax Payable Unearned Seminar Fees sen Interest Payable vi Vincent Carbone, Capital Vincent Carbone, Drawing Income Summary Sales Sales Discounts somina Seminar Fee Income Purchases Purchases Returns and Allowances Freight In Wages Expense Payroll Taxes Expense Depreciation Expense-Store Equipment Depreciation Expense-Office Equipment Advertising Expense Supplies Expense Interest Expense 32,500 13,910 152,970 180 90,800 1,200 215 13,000 24,000 3, 324 Rent Expense 170 ADJUSTMENTS: a.-b. Merchandise inventory at December 31, 20X1, was counted and determined to be $11,800. c. The amount recorded as prepaid advertising represents $600 paid on September 1, 20x1, for 12 months of advertising. d. The amount of supplies on hand at December 31 was $90. e. Depreciation on store equipment was $3,075 for 20X1. f. Depreciation on office equipment was $950 for 20X1. g. Unearned Seminar Fees represent $7,200 received on November 1, 20x1, for six seminars. At December 31, four of these seminars had been conducted. h. Wages owed but not paid at December 31 were $500. i. On December 31, 20X1, the firm owed the employer's social security tax ($31.00) and Medicare tax ($7.25). j. The note payable bears interest at 6 percent per annum. One months interest is owed at December 31, 20X1. Required: 1. Prepare the Trial Balance section of a 10-column worksheet. The worksheet covers the year ended December 31, 20X1. 2. Enter the adjustments above in the Adjustments section of the worksheet. 3. Complete the worksheet. Analyze: What was the amount of revenue earned by conducting seminars during the year ended December 31, 20X1? Artisan Wines Worksheet Trial Balance Year Ended December 31, 20X1 Adjustments Adjusted Trial Balance Debit Credit Debit Credit Income Statement Balance Sheet Account Name Debit Credit Debit Credit Debit Credit Cash Accounts Receivable Prepaid Advertising Supplies Merchandise Inventory Store Equipment Accumulated DepreciationStore Equipment Office Equipment Accumulated Depreciation Office Equipment Notes Payable, due 20X2 Accounts Payable Wages Payable Social Security Tax Payable Medicare Tax Payable Unearned Seminar Fees Interest Payable Vincent Arroyo, Capital Vincent Arroyo, Drawing Income Summary Sales Sales Discounts Seminar Fee Income Dirhocno Accounts Payable Wages Payable Social Security Tax Payable Medicare Tax Payable Unearned Seminar Fees Interest Payable Vincent Arroyo, Capital Vincent Arroyo, Drawing Income Summary Sales Sales Discounts Seminar Fee Income Purchases Purchases Returns and Allowances Freight in Rent Expense Wages Expense Payroll Taxes Expense Depreciation Expense-Store Equipment Depreciation Expense-Office Equipment Advertising Expense Supplies Expense Interest Expense Totals $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ ( Net Income $ nnnl $ nool $ non $ Complete this question by entering your answers in the tabs below. Worksheet Analyze What was the amount of revenue earned by conducting seminars during the year ended December 31, 20X1? Revenue earned, Dec. 31, 20X1