You need to show your adjusting entries and financial statement for part b

for part c create your merchandise entries.

Please read parts b and c properly. (adjusting entries, financial statement, and merchandising entries

).

Wolkstein Services unadjusted trial balance for the year ended October 31, 2014, follows: Credit Debit 3500 7200 3600 9200 29000 Account Cash Accounts Receivable Prepaid advertising Cleaning supplies Equipment Accumulated depreciation, equipment Unearned window washing fees Unearned office cleaning fees John Wolkstein, capital Window washing fees earned Office cleaning fees earned Advertising expense Salaries expense Depreciation expense, equipment Cleaning supplies expense Totals 3200 2500 7800 9150 18150 71500 2900 56900 0 0 112300 112300 Required 1. Using the following additional information, prepare the adjusting journal entries for October 31, 2014 a. On October 31, a physical count revealed cleaning supplies on hand of $6,150. b. Annual depreciation on the equipment is $3,200. c. It was determined that $6,900 of the balance in the Unearned office cleaning fees account had not yet been earned as of October 31. d. A review of the Unearned window washing fees account showed that $1,400 had been earned as of October 31. e. $1,500 in the Prepaid advertising account had expired 2. Complete the adjusted trial balance showing the Income Statement, Equity Statement and Balance Sheet. Part C 20 Marks Prepare General Journal entries to record the following perpetual system merchandising transactions for Schafer Merchandising. Aug 2 Purchased merchandise from Zender Holdings for $18,000 under credit terms of 1/15, n/30, FOB factory. Aug 4 Sold merchandise to Harbison Co. for $3,400; terms 2/10, n/30, FOB shipping point. The merchandise had cost $2,100. Aug 4 Paid $400 for freight charges on the purchase of Aug 2. Aug 9 Sold merchandise that cost $3,600 for $5,200 cash. Aug 10 Purchased merchandise from Cimarron Corporation for $7,300 under credit terms of 2/15, n/60, FOB destination. Aug 12 Received a $600 credit memorandum acknowledging the return of merchandise purchased on August 10. Aug 14 Received the balance due from Harbison Co. for the credit sale dated August 4. Aug 17 Paid the balance due to Zender Holdings. Aug 18 Purchased $1,750 of cleaning supplies from Davison Suppliers; terms n/15. Aug 20 Sold merchandise that cost $2,700 to Bev Dole for $3,900 under credit terms of 2/15, n/60, FOB shipping point. Aug 22 Issued a $500 credit memorandum to Bev Dole for an allowance on goods sold on August 20