this question has 2 parts. for part 1 we need to put jounal entries.

for part 1 post the following entries. 1.Record to adjust for earned sales 2.Record the estimated warranty liability 3.Record the accrual of interest expense on the note payable. 4.Record the accrual of interest on mortgage payable. 5.Record to adjust for estimated uncollectible accounts.. 6.Record to adjust for shrinkage. 7.Record the adjustment for income taxes owing.

Golden Wedding Dress Company designs custom wedding dresses for brides to be. The person preparing the adjusting entries at year- end was unable to complete the adjustments due to illness. You have been given the following unadjusted trial balance along with some additional information for the December 31, 2017, year-end Account Balance Accounts recevable Accum deprec, buiding Accum deprec. equpmet Adrance sales Alowance for doubtful accounts 81.400 122000 338000 222000 427,000 87.700 531,000 3.900 30250 127,000 71,000 222973 214177 156.000 1,167,000 1,351,000 8.200 Cash Equipment Estimated warranty liablity Inoome tax expense Merchandise inventory Mortgage payable Sarah Golden, capital Note payable Other operating expenses Sales Sales returns and allowances Other information: 1. Assume all accounts have a normal balance 2.75% of the balance in the Advance Sales account is for wedding dresses to be made and delivered by Golden during 2018; the remaining 25% is from sales earned during 2017. 3. Golden warranties its wedding dresses against defects and estimates its warranty liability to be 3% of adjusted net sales 4. The 4%, 5-year note payable was issued on October 1, 2017; interest is payable annually each September 30 5. A partial amortization schedule for the mortgage follows: Balance at Dec. 31 268,26 246012 222873 198,809 173,782 Annual Portion 21.393 22249 11,586 0730 9,940 8915 7.952 32.979 32.979 32,979 2,979 32.979 2017 2018 25,027 Payments are made anually each January 2