Week 4 Assignment Help Save $ 5,488 Dr. 2,300 Dr. 49 Cr. 11,000 Dr. 1,170 Dr. 1,

Question

Week 4 Assignment Help Save $ 5,488 Dr. 2,300 Dr. 49 Cr. 11,000 Dr. 1,170 Dr. 1,080 Dr. 7,920 Dr. Cash Accounts Receivable Allowance for Doubtful Accounts Merchandise Inventory Supplies Prepaid Advertising Store Equipment Accumulated Depreciation-Store Equipment Office Equipment Accumulated Depreciation-Office Equipment 1,470 Cr. 1,428 Dr. 250 Cr. Accounts Payable Social Security Tax Payable Medicare Tax Payable 2,595 Cr. 400 Cr. 85 Cr. Federal Unemployment Tax Payable State Unemployment Tax Payable Salaries Payable Beth Argo, Capital Beth Argo, Drawing Sales Sales Returns and Allowances Purchases Purchases Returns and Allowances 24,063 Cr 19,700 Dr. 88, 548 Cr. 1,070 Dr. 45,580 Dr. 480 Cr. 5,7e0 Dr Telephone Expense 560 or 13,800 Dr

Explanation / Answer

Working:

The Green Thumb Gardener Worksheet Year ended December 31, 2019 Account Name Trial Balance Adjustments Adjusted Income Statement Balance Sheet Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash 5400 5400 5400 Accounts Receivable 2300 2300 2300 Allowance for doubtful accounts 49 160 209 209 Merchandise Inventory 11000 45500 44479 12021 12021 Supplies 1170 1170 1170 Prepaid Advertising 1080 540 540 540 Stores Equipment 7920 7920 7920 Accumulated Depreciation - Stores Equipment 1470 1470 2940 2940 Office Equipment 1420 1420 1420 Accumulated Depreciation - Office Equipment 250 250 500 500 Accounts Payable 2595 2595 2595 Social Security Tax Payable 400 112 512 512 Medicare Tax Payable 85 26 111 111 Federal Unemployment Tax Payable 11 11 11 State Unemployment Tax Payable 97 97 97 Salaries Payable 1800 1800 1800 Beth Argo, Capital 24063 24063 21996 Beth Argo, Drawing 19700 19700 Sales 88548 88548 88548 Sales Returns and Allowances 1070 1070 1070 Purchases 45500 45500 0 Purchase Returns and Allowances 400 400 0 Rent Expense 5700 5700 5700 Telephone Expense 560 560 560 Salaries Expense 13800 1800 15600 15600 Payroll Taxes 1240 246 1486 1486 Cost of goods sold 44079 44079 44079 Supplies Expense 0 0 Advertising Expense 540 540 540 Depreciation Expense - Stores Equipment 1470 1470 1470 Depreciation Expense - Office Equipment 250 250 250 Uncollectible Accounts Expense 160 160 160 Totals 117860 117860 94445 94445 121386 121386 70915 88548 30771 30771 Net Income 17633 Grand Total 88548 88548 30771 30771

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