Concept explainers
The
Here are the data for the adjustments.
a–b. Merchandise Inventory at December 31, $64,742.80.
c. Store supplies inventory (on hand), $420.20.
d. Insurance expired, $738.
e. Salaries accrued, $684.50.
f. Depreciation of store equipment, $3,620.
Required
Complete the work sheet after entering the account names and balances onto the work sheet.
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