1. Complete the Adjustments columns using the following year-end adjustments information. a./b. Based on a physical count, it was determined that merchandise inventory costing $21,700 is on hand as of December 31, 20-. Supplies remaining at the end of the year, $6,300. hand at the ond of the ear 2 200
1. Complete the Adjustments columns using the following year-end adjustments information. a./b. Based on a physical count, it was determined that merchandise inventory costing $21,700 is on hand as of December 31, 20-. Supplies remaining at the end of the year, $6,300. hand at the ond of the ear 2 200
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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can you please help solve this
![Insurance Expense
Utilities Expense
9,660
Depreciation Expense-Store Equipment
Depreciation Expense-Building
359,484 359,484
Required:
1. Complete the Adjustments columns using the following year-end adjustments information.
a./b. Based on a physical count, it was determined that merchandise inventory costing $21,700 is on hand as of December 31, 20--.
C.
Supplies remaining at the end of the year, $6,300.
d.
Unexpired insurance on hand at the end of the year, $2,200.
Depreciation expense on the store equipment, $2,500.
e.
f.
Depreciation expense on the building, $2,700.
g.
Unearned Rental Revenue as of December 31, $3,200.
h.
Wages earned but not yet paid, $660.
2. Complete the Adjusted Trial Balance columns of the work sheet.
If an amount box does not require an entry, leave it blank.
Camping Supply Center
Work Sheet (partial)
For the year ended December 31, 20--
Trial Balance
Adjustments
Adjusted Trial Balance
Credit
Debit
Credit
Deblt
Credit
Debit
Account Title
38,400
Cash
10,200
Accounts Recelvable
30,720
ImventorY](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc068598a-728d-40d0-807e-ee466551b44c%2F8c33f091-df06-4a08-9922-edeeb32bf87b%2F4f65jz_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Insurance Expense
Utilities Expense
9,660
Depreciation Expense-Store Equipment
Depreciation Expense-Building
359,484 359,484
Required:
1. Complete the Adjustments columns using the following year-end adjustments information.
a./b. Based on a physical count, it was determined that merchandise inventory costing $21,700 is on hand as of December 31, 20--.
C.
Supplies remaining at the end of the year, $6,300.
d.
Unexpired insurance on hand at the end of the year, $2,200.
Depreciation expense on the store equipment, $2,500.
e.
f.
Depreciation expense on the building, $2,700.
g.
Unearned Rental Revenue as of December 31, $3,200.
h.
Wages earned but not yet paid, $660.
2. Complete the Adjusted Trial Balance columns of the work sheet.
If an amount box does not require an entry, leave it blank.
Camping Supply Center
Work Sheet (partial)
For the year ended December 31, 20--
Trial Balance
Adjustments
Adjusted Trial Balance
Credit
Debit
Credit
Deblt
Credit
Debit
Account Title
38,400
Cash
10,200
Accounts Recelvable
30,720
ImventorY
![](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc068598a-728d-40d0-807e-ee466551b44c%2F8c33f091-df06-4a08-9922-edeeb32bf87b%2F81ca0ms.jpeg&w=3840&q=75)
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