1.Prepare the Trial Balance section of a 10-column worksheet. 2. Enter the adjustments above in the Adjustments section of the worksheet. 3. Complete the worksheet. 4 analyze By what amount were the assets of the business affected by adjustments? excel workbook contains 3 sheets
wk4.xlsx

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The Green Thumb Gardener is a retail store that sells plants, soil, and decorative pots. On December 31, 2019, the
ACCOUNTS AND BALANCES
Cash
5,400
Dr.
2,300
Dr.
49
Cr.
11,000
Dr.
1,170
Dr.
Prepaid Advertising
1,080
Dr.
Store Equipment
Accumulated
Depreciation—Store
Equipment
Office Equipment
Accumulated
Depreciation—Office
Equipment
Accounts Payable
Social Security Tax
Payable
7,920
Dr.
1,470
Cr.
1,420
Dr.
250
Cr.
2,595
Cr.
400
Cr.
85
Cr.
Beth Argo, Capital
24,063
Cr.
Beth Argo, Drawing
19,700
Dr.
Sales
Sales Returns and
Allowances
Purchases
Purchases Returns
and Allowances
Rent Expense
Telephone Expense
Salaries Expense
88,548
Cr.
1,070
Dr.
45,500
Dr.
400
Cr.
5,700
560
13,800
Dr.
Dr.
Dr.
Accounts Receivable
Allowance for
Doubtful Accounts
Merchandise
Inventory
Supplies
Medicare Tax Payable
$
Federal Unemployment
Tax Payable
State Unemployment
Tax Payable
Salaries Payable
Payroll Taxes
Expense
Income Summary
Supplies Expense
1,240
Dr.
Advertising Expense
Depreciation
Expense—Store
Equipment
Depreciation
Expense—Office
Equipment
Uncollectible
Accounts Expense
ADJUSTMENTS
a.–b. Merchandise inventory on December 31, 2019, is $12,021.
c. During 2019, the firm had net credit sales of $32,000; the firm estimates that 0.5 percent of these sales will r
d. On December 31, 2019, an inventory of the supplies showed that items costing $260 were on hand.
e. On October 1, 2019, the firm signed a six-month advertising contract for $1,080 with a local newspaper and
f. On January 2, 2018, the firm purchased store equipment for $7,920. At that time, the equipment was estimat
g. On January 2, 2018, the firm purchased office equipment for $1,420. At that time, the equipment was estima
h. On December 31, 2019, the firm owed salaries of $1,800 that will not be paid until 2020.
i. On December 31, 2019, the firm owed the employer’s social security tax (assume 6.2 percent) and Medicare
j. On December 31, 2019, the firm owed federal unemployment tax (assume 0.6 percent) and state unemploym
Required:
1. Prepare the Trial Balance section of a 10-column worksheet. The worksheet covers the year ended Decemb
2. Enter the adjustments above in the Adjustments section of the worksheet.
3. Complete the worksheet.
December 31, 2019, the firm’s general ledger contained the accounts and balances that appear below.
Complete the worksheet. (Enter both the debit and credit effects wherever required. Round your intermediate calculations and final answers to 2 decimal places
The Green Thumb Gardner
Worksheet
Year End December 31, 2019
Trial Balance
Debit
Credit
Account name
Cash
Accounts recievable
Allowance for doubtful accounts
Merchandise inventory
Supplies
Prepaid advertising
Store equipment
Accumulated depreciation-store account
Office equipment
accumulated depreciation-office equipment
Accounts payable
Social security tax payable
Medicare tax payable
Federal unemployment tax payable
State unemployment tax payable
Salaries payable
Beth Argo, capitol
Bath Argo, drawing
Sales
Sales returns and allowances
Purchases
Purchase returns and allowances
Rent expense
Telephone expense
Salaries expense
Payroll tax expense
Income summary
Supplies expense
Advertising expense
Depreciation expense – store equipment
Depreciation expense – office equipment
Uncollectable accounts expense
Totals
Net Income
Adjusted Balance
Debit
Credit
Adjusted Trial Balance
Debit
inal answers to 2 decimal places.)
Credit
Income Statement
Debit
Credit
Balance Sheet
Debit
Credit
Analyze:
By what amount were the assets of the business affected by adjustments?
Total Assets
By

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