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Use the following information to complete the partial worksheet for Bill's Company. Record the appropriate adjusting entries using the data below and extend the balances
Use the following information to complete the partial worksheet for Bill's Company. Record the appropriate adjusting entries using the data below and extend the balances over to the adjusted trial balance columns. (Total ending balance not required) Merchandising Inventory - Physical count - $100,000 Store Supplies on hand - $30,000 Depreciation on store equipment - $20,000 Accrued Salaries - $10,000 Bill's Company Partial Worksheet for the Year Ended December 31, 2022 Trial Trial Account Titles Adjustment Adjustment Trial Balance Balance Debit Credit Debit Credit Merchandising 110,000 Inventory Store Supplies 100,000 Store 200,000 Equipment Accumulated Depreciation, Store Equipment Salaries Payable Salary Expenses 100,000 Cost of Goods 90,000 Sold Depreciation Expenses Store Supplies Expenses 60,000 Adjusted Adjusted Trial Balance Balance Debit Credit
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