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, 2020. year-end. Account Accounts receivable Accum. deprec., building Accum. deprec., equipment Advance sales Allowance for doubtful accounts Building Cash Equipment Estimated warranty liability Unadjusted Balance Account $ 51,6ee Land 124, eee Merchandise inventory 340, eee Mortgage payable 224, eee Sarah Golden, capital 600 Note payable 431,000 Other operating expenses 87,900 Sales 635,808 Salaries & admin expense 4, eee Sales returns and allowances Unadjusted Balance s 129,000 71,400 224,498 209,662 168, eee 1,169,000 1,353,00 34,46e 8,400 Other Information: 1. Assume all accounts have a normal balance. 2. 80% of the balance in the Advance Sales account is for wedding dresses to be made and delivered by Golden during 2021; the remaining 20% is from sales earned during 2020 3. Golden warranties Its wedding dresses against defects and estimates its warranty liability to be 1.5% of adjusted net sales. 4. The 2.5%, 5-year note payable was issued on October 1, 2020; interest is payable annually each September 30. 5. The mortgage is paid annually on the first day of the next year. The next mortgage payment will be paid consisting of $8,980 interest and $24,199 principal for a total of $33.179. 6. Uncollectible accounts are estimated to be 1.5% of outstanding receivables. 7. A physical count of the inventory showed a balance actually on hand of $62.400. 8. Sarah promised her operations manager a year-end performance bonus of $1,521, which would be paid with her salary in January for high sales achieved this year. Required: 1. Based on the information provided journalize the adjusting entries at December 31, 2020. -2 Required: 1. Based on the information provided, journalize the adjusting entries at December 31, 2020. View transaction list 1:49:48 Journal entry worksheet Record to adjust for earned sales. Note: Enter debits before credits General Journal Debit Credit Dato December 31, 2020 Record entry Clear entry View general Journal 42 2. Prepare a classified balance sheet. (Be sure to list the assets and liabilities in order of their liquidity. Round the final answers to the nearest whole dollar amount.) GOLDEN WEDDING DRESS COMPANY Balance Sheet December 31, 2020 Assets 0149:29 Current assets Total current assets Property, plant and equipment Total property, plant and equipment Total assets Liabilities Current liabilities: Total assets Liabilities Current liabilities: Total current liabilities Non-current liabilities: Total liabilities Equity Total liabilities and equity