The Artisan Wines is a retail store selling vintage wines. On December $31,20$X$1,$ the firm$$s general ledger contained the accounts and balances below. All account balances are normal.

Artisan Wines

Worksheet

Year Ended December $31,20$X$1$

Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet

Account Name Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit

Cash $ $28,286\mathrm{.}00$ $ $28,286\mathrm{.}00$ $ $28,286\mathrm{.}00$

Accounts Receivable $490\mathrm{.}00490\mathrm{.}00490\mathrm{.}00$

Prepaid Advertising $1,140\mathrm{.}00380\mathrm{.}00760\mathrm{.}00760\mathrm{.}00$

Supplies $290\mathrm{.}00195\mathrm{.}0095\mathrm{.}0095\mathrm{.}00$

Merchandise Inventory $14,900\mathrm{.}0011,900\mathrm{.}0014,900\mathrm{.}0011,900\mathrm{.}0011,900\mathrm{.}00$

Store Equipment $24,500\mathrm{.}0024,500\mathrm{.}0024,500\mathrm{.}00$

Accumulated Depreciation$$Store Equipment $2,900\mathrm{.}003,100\mathrm{.}006,000\mathrm{.}006,000\mathrm{.}00$

Office Equipment $4,900\mathrm{.}004,900\mathrm{.}004,900\mathrm{.}00$

Accumulated Depreciation$$Office Equipment $1,490\mathrm{.}00990\mathrm{.}002,480\mathrm{.}002,480\mathrm{.}00$

Notes Payable, due $20$X$219,500\mathrm{.}0019,500\mathrm{.}0019,500\mathrm{.}00$

Accounts Payable $2,605\mathrm{.}002,605\mathrm{.}002,605\mathrm{.}00$

Wages Payable $480\mathrm{.}00480\mathrm{.}00480\mathrm{.}00$

Social Security Tax Payable $29\mathrm{.}7629\mathrm{.}7629\mathrm{.}76$

Medicare Tax Payable $6\mathrm{.}966\mathrm{.}966\mathrm{.}96$

Unearned Seminar Fees $5,700\mathrm{.}003,800\mathrm{.}001,900\mathrm{.}001,900\mathrm{.}00$

Interest Payable $97\mathrm{.}5097\mathrm{.}5097\mathrm{.}50$

Vincent Arroyo, Capital $33,630\mathrm{.}0033,630\mathrm{.}0033,630\mathrm{.}00$

Vincent Arroyo, Drawing $14,010\mathrm{.}0014,010\mathrm{.}0014,010\mathrm{.}00$

Income Summary $14,900\mathrm{.}0011,900\mathrm{.}0014,900\mathrm{.}0011,900\mathrm{.}0014,900\mathrm{.}0011,900\mathrm{.}00$

Sales $152,970\mathrm{.}00152,970\mathrm{.}00152,970\mathrm{.}00$

Sales Discounts $190\mathrm{.}00190\mathrm{.}00190\mathrm{.}00$

Seminar Fee Income $3,800\mathrm{.}003,800\mathrm{.}003,800\mathrm{.}00$

Purchases $90,500\mathrm{.}0090,500\mathrm{.}0090,500\mathrm{.}00$

Purchases Returns and Allowances