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.

ADJUSTMENTS

a.b. Merchandise inventory on December 31, 2019, is $11,721.

3. During 2019, the firm had net credit sales of $29,000; the firm estimates that 0.5 percent of these sales will result in uncollectible accounts.
4. On December 31, 2019, an inventory of the supplies showed that items costing $245 were on hand.
5. On October 1, 2019, the firm signed a six-month advertising contract for $1,080 with a local newspaper and paid the full amount in advance.
6. On January 2, 2018, the firm purchased store equipment for $7,740. At that time, the equipment was estimated to have a useful life of five years and a salvage value of $540.
7. On January 2, 2018, the firm purchased office equipment for $1,240. At that time, the equipment was estimated to have a useful life of five years and a salvage value of $140.
8. On December 31, 2019, the firm owed salaries of $1,770 that will not be paid until 2020.
9. 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 $1,770 of accrued wages.
10. 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 $1,770 of accrued wages.

Required:

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

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

I cant seem to get the totals and net income correct. Can someone please point out what I may have done wrong and guide me through it? I originally put $10,700.00 on the Debit side of the Income Summary, however that didnt work out. So Im not which part Im missing or what I may have calculated incorrectly.

Thank you in advance!

$ 5,100 Dr. 2,000 Dr. 46 Cr. 10,700 Dr. 1,140 Dr. 1,080 Dr. 7,740 Dr. 1,440 Cr. 1,240 Dr. 220 Cr. 2,565 Cr. 370 Cr. 82 Cr. ACCOUNTS AND BALANCES Cash Accounts Receivable Allowance for Doubtful Accounts Merchandise Inventory Supplies Prepaid Advertising Store Equipment Accumulated Depreciation-Store Equipment Office Equipment Accumulated Depreciation-Office Equipment Accounts Payable Social Security Tax Payable Medicare Tax Payable Federal Unemployment Tax Payable State Unemployment Tax Payable Salaries Payable Beth Argo, Capital Beth Argo, Drawing Sales Sales Returns and Allowances Purchases Purchases Returns and Allowances Rent Expense Telephone Expense Salaries Expense Payroll Taxes Expense Income Summary Supplies Expense Advertising Expense Depreciation Expense-Store Equipment Depreciation Expense-Office Equipment Uncollectible Accounts Expense 22,539 Cr. 19,400 Dr. 87,048 Cr. 1,040 Dr. 44,600 Dr. 370 Cr. 5,400 Dr. 530 Dr. 13,500 Dr. 1,210 Dr. Worksheet Analyze Complete the worksheet. (Enter both the debit and credit effects wherever required. Round your intermediate calculations and final answers to 2 deci Income Statement Debit Credit Account Name Cash $ Trial Balance Debit Credit 5,100.00 2,000.00 46.00 $ 10,700.00 1,140.00 1,080.00 7,740.00 1,440.00 1,240.00 Balance Sheet Debit Credit 5,100.00 2,000.00 191.00 11,721.007 245.00 540.00 7,740.00 2,880.00 1,240.00 440.00 2,565.00 479.74 107.67 10.62 95.58 1.770.00 22,539.00 19,400.00 220.00 2,565.00 370.00 82.00 Accounts Receivable Allowance for Doubtful Accounts Merchandise Inventory Supplies Prepaid Advertising Store Equipment Accumulated Depreciation Store Equipment Office Equipment Accumulated Depreciation - Office Equipment Accounts Payable Social Security Tax Payable Medicare Tax Payable Federal Unemployment Tax Payable State Unemployment Tax Payable Salaries Payable Beth Argo, Capital Beth Argo, Drawing Sales Sales Returns and Allowances Purchases Purchases Returns and Allowances Rent Expense Telephone Expense Salaries Expense Payroll Taxes Expense Income Summary Supplies Expense Advertising Expense Depreciation Expense-Store Equipment Depreciation Expense-Office Equipment Uncollectible Accounts Expense Totals Net Income The Green Thumb Gardener Worksheet Year Ended December 31, 2019 Adjustments Adjusted Trial Balance Debit Credit Debit Credit | $ 5,100.00 2,000.00 145.00 191.00 11,721.00 10,700.00 11,721.00 895.00 245.00 540.00 540.00 7,740.00 1,440.00 2,880.00 1,240.00 220.00 440.00 2,565.00 109.74 479.74 [ 25.67 107.67 10.62 10.62 95.58 95.58 1.770.00 1,770.00 22,539.00 19,400.00 87,048.00 1,040.00 44,600.00 370.00 5,400.00 530.00 1.770.00 15,270.00 241.61 1,451.61 10,700.00 11,721.00 10,700.00 11,721.00 895.00 895.00 540.001 540.00 1,440.00 1.440.00 220.00 220.00 145.00 145.00 $ 27,672.61 $ 27,672.61 $ 130,217.61 $ 130,217.61 22,539.00 19,400.00 87,048.00 87,048.00 1,040.00 1,040.00 44,600.00 370.00 5,400.00 530.00 13,500.00 1,210.00 44,600.00 370.00 5,400.00 530.00 15,270.00 1,451.61 11.721.00 895.00 540.00 1,440.00 220.00 145.00 $ 71,531.61 $ 99,139.00 62,176.39 $ 133,708.00 $ 99,139.00 $ 114,680.00 $ 114,680.00 $ 47,986.00 $ 31,078.61 $ 47,986.00 $ 31,078.61 - Worksheet Analyze >