The Artisan Wines is a retall store selling vintage wines. On December 31,201, the firm's general ledger contained the accounts and balances below. All account balances are normal. AOJUSTMENTS: a-b, Merchandise inventory at December 31, 20x1, was counted and determined to be $11100 c. The amount recorded os prepald advertsing represents $1,020 paid on September 1, 201 for 12 months of advertising ADJUSTMENTS: a.-b. Merchandise inventory at December 31,201, was counted and determined to be $11,100 c. The amount recorded as prepaid advertising represents $1,020 paid on September 1, 20x1, for 12 months of advertising. d. The amount of supplles on hand at December 31 was $55. e. Depreciation on store equipment wos $2,900 for 201 t. Depreciation on office equipment was $775 for 201. 9. Unearned Seminar Fees represent $9,500 recelvod on November 1, 20X1, for five seminars. At December 31, four of these seminors had been conducted. h. Woges owed but not poid at December 31 were $600 1. On December 3t, 20x1, the firm owed the employer's social security tax ($37.20) and Medicare tax (\$8.70) 1. The note payable bears interest at 6 percent per annum. One months interest is owed at December 31,201. Pequired: 1. Prepore the Trial Balance section of a 10-column worksheet. The worksheet covers the year ended December 31;201. 2. Enter the adjustments above in the Adjustments section of the worksheet. 3. Complete the worksheet Analyre: What was the amount of revenue earned by conducting seminars duning the year ended December 3t, 20x1? a.-b. Merchandise inventory at December 31,201, was counted and determined to be $11,100. c. The amount recorded as prepaid advertising represents $1,020 paid on September 1,201, for 12 months of advertising. d. The amount of supplies on hand at December 31 was $55. e. Depreciation on store equipment was $2,900 for 201. f. Depreciation on office equipment was $775 for 201. 9. Unearned Seminar Fees represent $9,500 received on November 1, 20X1, for five seminars. At December 31, four of these seminars had been conducted, h. Wages owed but not paid at December 31 were $600. i. On December 31,201, the firm owed the employer's social security tax ($37.20) and Medicare tax ($8.70). j. The note payable bears interest at 6 percent per annum. One months interest is owed at December 31,201. Required: 1. Prepare the Trial Balance section of a 10-column worksheet. The worksheet covers the year ended December 31,201. 2. Enter the adjustments above in the Adjustments section of the worksheet. 3. Complete the worksheet. Analyze: Complete this question by entering your answers in the tabs below. What was the amount of revenue earned by conducting seminars during the year ended December 31,201
