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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 31,20X1, the firm's general ledger contalned the accounts and
balances below. All account balances are normal.
ADJUSTMENTS
a.-b. Merchandise Inventory at December 31,201, was counted and determined to be $13,000.
c. The amount recorded as prepald advertising represents $1,080 pald on September 1,201, for 12 months of advertising.
d. The amount of supplies on hand at December 31 was $150.
e. Depreclation on store equipment was $3,375 for 201.
f. Depreclation on office equipment was $1,250 for 201.
g. Unearned Seminar Fees represent $10,000 recelved on November 1,201, for five seminars. At December 31, three of these
seminars had been conducted.
h. Wages owed but not pald at December 31 were $600.
I. On December 31,20X1, the firm owed the employer's soclal securlty tax ( $37.20) and Medicare tax ( $8.70).
J. The note payable bears interest at 7 percent per annum. Two months interest is owed at December 31,201.
Required:
Prepare the Trial Balance section of a 10-column worksheet. The worksheet covers the year ended December 31,201.
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 31,201?
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