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The green thumb gardener is a retail store that sells plants soil and decorative pots on December 31, 2019 the firms general ledger contain the

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The green thumb gardener is a retail store that sells plants soil and decorative pots on December 31, 2019 the firms general ledger contain the accounts and balances that appear below
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 $ 6,700 Dr. Accounts Receivable 3,600 Dr. Allowance for Doubtful Accounts 62 Cr. Merchandise Inventory 12,300 Dr. Supplies 1,300 Dr. Prepaid Advertising 1,080 Dr. Store Equipment 8,700 Dr. Accumulated Depreciation Store Equipment 1,600 Cr. Office Equipment 2,200 Dr. Accumulated Depreciation Office Equipment 380 Cr. Accounts Payable 2,725 Cr. Social Security Tax Payable 530 Cr. Medicare Tax Payable 88 Cr. Federal Unemployment Tax Payable State Unemployment Tax Payable Salaries Payable Beth Argo, Capital 30,677 Cr Beth Argo, Drawing 21,000 Dr. Sales 95,048 Cr. Sales Returns and Allowances 1,200 Dr. Purchases 49,400 Dr. Purchases Returns and Allowances 530 Cr. Rent Expense 7,000 Dr. Telephone Expense 690 Dr. Salaries Expense 15,100 Dr. Payroll Taxes Expense 1,370 Dr. Income Summary Supplies Expense Advertising Expense Depreciation Expense-Store Equipment Depreciation Expense-Office Equipment Uncollectible Accounts Expense ADJUSTMENTS a.-b. Merchandise inventory on December 31, 2019, is $13,321. G. Uuring 2019, the firm had net credit sales of $45,000, the firm estimates that 0.5 percent of these sales will result in uncollectible accounts. d. On December 31, 2019, an inventory of the supplies showed that items costing $325 were on hand. e. 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 T. Un January 2, 2018, 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, 2018, 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, 2019, the firm owed salaries of $1.930 that will not be paid until 2020. 1. On December 31, 2019, the firm owed the employer's social security tax (assume 6.2 percent) and Medicare tax (assume 1.45 percent) on the entire $1,930 of accrued wages. J. 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 $1,930 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? Trial Balance Credit Debit Account Name Debi 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 Totals Net Income 0.00 $ 0.00 $ Allowance for Doubtful Account Merchandise Inventory Prepard Advertising Store Equipment Accumulated Depreciation Store Office Equipment Accumulated Depreciation office Equiment Accounts Payable Social Seounty Tax Payable Medicare Tax Payable Federal Unemployment Tax Payable State Unemployment Tax Payable Salanes Payable Beth Argo, Capital Beth Argo. Drawing Sales Returns and Allowances Purchases Purchases Returns and Allowances Rent Expense Telephone Expense Salaries Expense Payroll Taxes Expense Income Summary Supplies Expense Advertising Expense Deprecan Experte Uncolectible Ac 1. Prepare the Trial Balance section of a 10 colum 2. Enter the adjustments above in the Adjustment 3. Complete the worksheet Analyze: By what amount were the assets of the business af Complete this question by entering your answ Worksheet Analyze By what amount were the assets of the business Total assets

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