The Green Thumb Gardener is a retail store that sells plants, soil, and decorative pots. On December $31,20$X$1,$ the firm's general ledger contained the accounts and balances that appear below.

$\backslash$table$[[$ACCOUNTS AND BALANCES,$],[$Cash$,8,700$ Debit$],[$Accounts Receivable,$3,600$ Debit$],[$Allowance for Doubtful Accounts,$62$ Credit$],[$Merchandise Inventory,$12,300$ Debit$],[$Supplies$,1,300$ Debit$],[$Prepaid Advertising,$1,080$ Debit$],[$Store Equipment,$8,700$ Debit$],[$Accumulated Depreciation$-$Store Equipment,$1,600$ Credit$],[$Office Equipment,$2,200$ Debit$],[$Accumulated Depreciation$-0$ffice Equipment,$380$ Credit$],[$Accounts Payable,$2,725$ Credit$],[$Social Security Tax Payable,$530$ Credit$],[$Medicare Tax Payable,$88$ Credit$],[$Federal Unemployment Tax Payable,$],[$State Unemployment Tax Payable,$],[$Salaries Payable,$],[$Beth Argo, Capital,$30,677$ Credit$],[$Beth Argo, Drawing,$21,000$ Debit$],[$Sales$,95,048$ Credit$],[$Sales Returns and Allowances,$1,200$ Debit$],[$Purchases$,49,400$ Debit$],[$Purchases Returns and Allowances,$530$ Credit$],[$Rent Expense,$7,000$ Debit$],[$Telephone Expense,$690$ Debit$],[$Salaries Expense,$15,100$ Debit$],[$Payroll Taxes Expense,$1,370$ Debit$],[$Income Summary,$],[$Supplies Expense,$],[$Advertising Expense,$],[$Depreciation Expense$-$Store Equipment,$],[$Depreciation Expense$-0$ffice Equipment,$],[$Uncollectible Accounts Expense,$]]$

ADJUSTMENTS

a$.-$b$.$ Merchandise inventory on December $31,201,$ is $$13,321.$

c$.$ During $201,$ the firm had net credit sales of $$45,000$; the firm estimates that $0\mathrm{.}5$ percent of these sales will result in uncollectible accounts.

d$.$ On December $31,20$X$1,$ an inventory of the supplies showed that items costing $$325$ were on hand.

e$.$ On October $1,201,$ the firm signed a six$-$month advertising contract for $$1,080$ with a local newspaper and paid the full amount in advance.

f$.$ On January $2,20$X$0,$ the firm purchased store equipment for $$8,700.$ At that time, the equipment was estimated to have a useful life of five years and a salvage value of $$700.$

g$.$ On January $2,20$X$0,$ the firm purchased office equipment for $$2,200.$ At that time, the equipment was estimated to have a useful life of five years and a salvage value of $$300.$

h$.$ On December $31,20$X$1,$ the firm owed salaries of $$1,930$ that will not be paid until $202$

i$.$ On December $31,20$X$1,$ the firm owed the employer's social security tax $($assume $6\mathrm{.}2$ percent$)$ and Medicare tax $($assume $1\mathrm{.}45$ percent$)$ on the entire $$1,930$ of accrued wages.

j$.$ On December $31,20$X$1,$ the firm owed federal uneroployment tax $($assume $0\mathrm{.}6$ percent$)$ and state unemployment tax $($assume $5\mathrm{.}4$ percent$)$ on the entire $$1,930$ of accrued wages.

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:

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

Answer is not complete.

Complete this question by entering your answers in the tabs below.

Worksheet

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

decreased

by

$$15,925$