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The Artisan Wines is a retall store selling fine wines. On December 3 1 , 2 0 X 1 , the firm's general ledger contalned
The Artisan Wines is a retall store selling fine wines. On December X the firm's general ledger contalned the accounts and
balances below. All account balances are normal.
ADJUSTMENTS
ab Merchandise Inventory at December was counted and determined to be $
c The amount recorded as prepald advertising represents $ pald on September for months of advertising.
d The amount of supplies on hand at December was $
e Depreclation on store equipment was $ for
f Depreclation on office equipment was $ for
g Unearned Seminar Fees represent $ recelved on November for five seminars. At December three of these
seminars had been conducted.
h Wages owed but not pald at December were $
I. On December X the firm owed the employer's soclal securlty tax $ and Medicare tax $
The note payable bears interest at percent per annum. Two months interest is owed at December
Required:
Prepare the Trial Balance section of a column worksheet. The worksheet covers the year ended December
Enter the adjustments above in the Adjustments section of the worksheet.
Complete the worksheet.
Analyze:
What was the amount of revenue earned by conducting seminars during the year ended December
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