The Green Thumb Gardener is a retail store that sells plants, soil, and decorative pots On December 31, 2019, the firm's general ledger contained the accounts and balances that appear below ACCOUNTS AND BALANCES Cash $ 6,200 Dr Accounts Receivable 3,100 Dr Allowance for Doubtful Accounts 57 Cr Merchandise Inventory 11,800 Dr Supplies 1,250 Dr Prepaid Advertising 900 Dr Store Equipment 8,400 Dr Accumulated DepreciationStore Equipment 1,550 Cr Office Equipment 1,900 Dr Accumulated DepreciationOffice Equipment 330 Cr Accounts Payable 2,675 Cr Social Security Tax Payable 480 Cr Medicare Tax Payable 93 Cr Federal Unemployment Tax Payable State Unemployment Tax Payable Salaries Payable Beth Argo, Capital 27,947 Cr Beth Argo, Drawing 20,500 Dr Sales 92,548 Cr Sales Returns and Allowances 1,150 Dr Purchases 47,900 Dr Purchases Returns and Allowances 480 Cr Rent Expense 6,500 Dr Telephone Expense 640 Dr Salaries Expense 14,600 Dr Payroll Taxes Expense 1,320 Dr Income Summary Supplies Expense Advertising Expense Depreciation ExpenseStore Equipment Depreciation ExpenseOffice Equipment Uncollectible Accounts Expense ADJUSTMENTS a b Merchandise inventory on December 31, 2019, is $12,821 During 2019, the firm had net credit sales of $40,000 the firm estimates that 0 7 percent of these sales will result in uncollectible accounts On December 31, 2019, an inventory of the supplies showed that items costing $300 were on hand On October 1, 2019, the firm signed a six month advertising contract for $900 with a local newspaper and paid the full amount in advance On January 2, 2018, the firm purchased store equipment for $8,400 At that time, the equipment was estimated to have a useful life of five years and a salvage value of $650 On January 2, 2018, the firm purchased office equipment for $1,900 At that time, the equipment was estimated to have a useful life of five years and a salvage value of $250 On December 31, 2019, the firm owed salaries of $1,880 that will not be paid until 2020 On December 31, 2019, the firm owed the employers social security tax (assume 6 2 percent) and Medicare tax (assume 1 45 percent) on the entire $1,880 of accrued wages On December 31, 2019, the firm owed federal unemployment tax (assume 0 6 percent) and state unemployment tax (assume 5 4 percent) on the entire $1,880 of accrued wages Required Prepare the Trial Balance section of a 10 column worksheet The worksheet covers the year ended December 31, 2019 Enter the adjustments above in the Adjustments section of the worksheet Complete the worksheet Analyze By what amount were the assets of the business affected by adjustments

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The Green Thumb Gardener is a retail store that sells plants, soil, and decorative pots. On December 31, 2019, the firm's general ledger contained the

The Green Thumb Gardener is a retail store that sells plants, soil, and decorative pots. On December 31, 2019, the firm's general ledger contained the accounts and balances that appear below.

ACCOUNTS AND BALANCES
Cash	$	6,200	Dr.
Accounts Receivable		3,100	Dr.
Allowance for Doubtful Accounts		57	Cr.
Merchandise Inventory		11,800	Dr.
Supplies		1,250	Dr.
Prepaid Advertising		900	Dr.
Store Equipment		8,400	Dr.
Accumulated DepreciationStore Equipment		1,550	Cr.
Office Equipment		1,900	Dr.
Accumulated DepreciationOffice Equipment		330	Cr.
Accounts Payable		2,675	Cr.
Social Security Tax Payable		480	Cr.
Medicare Tax Payable		93	Cr.
Federal Unemployment Tax Payable
State Unemployment Tax Payable
Salaries Payable
Beth Argo, Capital		27,947	Cr.
Beth Argo, Drawing		20,500	Dr.
Sales		92,548	Cr.
Sales Returns and Allowances		1,150	Dr.
Purchases		47,900	Dr.
Purchases Returns and Allowances		480	Cr.
Rent Expense		6,500	Dr.
Telephone Expense		640	Dr.
Salaries Expense		14,600	Dr.
Payroll Taxes Expense		1,320	Dr.
Income Summary
Supplies Expense
Advertising Expense
Depreciation ExpenseStore Equipment
Depreciation ExpenseOffice Equipment
Uncollectible Accounts Expense

ADJUSTMENTS

a.b. Merchandise inventory on December 31, 2019, is $12,821.

During 2019, the firm had net credit sales of $40,000; the firm estimates that 0.7 percent of these sales will result in uncollectible accounts.
On December 31, 2019, an inventory of the supplies showed that items costing $300 were on hand.
On October 1, 2019, the firm signed a six-month advertising contract for $900 with a local newspaper and paid the full amount in advance.
On January 2, 2018, the firm purchased store equipment for $8,400. At that time, the equipment was estimated to have a useful life of five years and a salvage value of $650.
On January 2, 2018, the firm purchased office equipment for $1,900. At that time, the equipment was estimated to have a useful life of five years and a salvage value of $250.
On December 31, 2019, the firm owed salaries of $1,880 that will not be paid until 2020.
On December 31, 2019, the firm owed the employers social security tax (assume 6.2 percent) and Medicare tax (assume 1.45 percent) on the entire $1,880 of accrued wages.
On December 31, 2019, the firm owed federal unemployment tax (assume 0.6 percent) and state unemployment tax (assume 5.4 percent) on the entire $1,880 of accrued wages.

Required:

Prepare the Trial Balance section of a 10-column worksheet. The worksheet covers the year ended December 31, 2019.
Enter the adjustments above in the Adjustments section of the worksheet.
Complete the worksheet.

Analyze: By what amount were the assets of the business affected by adjustments?