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eBook Adjusting, Closing, and Reversing Entries The End-of-Period Spreadsheet for Vicki's Fabric Store as of December 31, 20-1 is shown. Vicki's Fabric Store End-of-Period Spreadsheet For the Year Ended December 31, 20-1 Trial Balance Adjustments Adjusted Trial Balance Account Title Debit Credit Debit Credit Debit Credit Cash 28,000.00 28,000.00 Accounts Receivable 14,200.00 14,200.00 Merchandise Inventory 31,000.00 (b) 31,500.00 (a) 31,000.00 31,500.00 Estimated Returns Inventory 1,700.00 2,900.00 1,700.00 (e) 1,700.00 (d) 2,900.00 (f) 1,350.00 Supplies 350.00 Prepaid Insurance 3,300.00 (g) 2,200.00 1,100.00 120,000.00 120,000.00 410,000.00 410,000.00 Building Accum. Depr.-Building 56,000.00 (h) 20.500.00 76,500.00 Equipment 85,000.00 85,000.00 Acoum. Depr.-Equipment 6,000.00 (i) 2,000.00 8,000.00 eBook Accum. Depr.-Equipment 6,000.00 (i) 2,000.00 Accounts Payable 8,000.00 11,420.00 11,420.00 Customer Refunds Payable 4,100.00 (C) 1,700.00 2,400.00 Wages Payable 0) 520.00 520.00 Sales Tax Payable 2,000.00 Uneared Costume Des. Rev. 2,000.00 5,000.00 (K) 3,800.00 1,200.00 Note Payable 80,000.00 80,000.00 402,610.00 402,610.00 Vicki Roberts, Capital Vicki Roberts, Drawing Income Summary 21,600.00 21,600.00 31,500.00 (a) 31,000.00 (b) 31,500.00 31,000.00 (d) 2,900.00 (e) 1,700.00 2,900.00 1,700.00 Sales 374,400.00 374,400.00 Sales Returns and Allowances 12,800.00 Costume Design Revenue (c) 1,700.00 11,100.00 (k) 3,800,00 1,100.00 4,900.00 Purchases 141,500.00 141,500.00 Purchases Returns and Allow 1,800.00 1.800.00 Purchases Discounts 830.00 830.00 Freight-in 800.00 800.00 Wages Expense 64,000.00 (1) 520.00 64,520.00 Advertising Expense 810.00 810.00 Check My Work 810.00 810.00 Advertising Expense Supplies Expense (f) 1,350.00 1,350.00 Phone Expense 1,210.00 1,210.00 Utilities Expense 3,240.00 3,240.00 Insurance Expense (g) 2,200.00 2,200.00 (h) 20,500.00 20,500.00 Depr. Expense-Building Depr. Expense-Equipment (i) 2,000.00 2,000.00 Interest Expense 3,200.00 3,200.00 945,260.00 945,260.00 99,170.00 99,170.00 999,780.00 999,780.00 286,330.00 415,130.00 Net Income 128,800.00
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