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Year-end adjustment information is as follows: (a and b) Merchandise inventory costing $34,747 is on hand as of December 31,20. (The periodic inventory systern is used.) (c) Supplies remaining at the end of the year, $3,201. (d) Unexpired insurance on December 31,$3,831. (e) Depreciation expense on the building for 20,$2,563. (f) Depreciation expense on the store equipment for 20,53,648. (g) Unearned rent revenue as of December 31,54,483. (h) Wages earned but not paid as of December 31,$815. 3. Enter the adjustments in a general journal. If an amount box does not require an entry, leave it blank. The trial balance for the Venice Beach Kite Shop, a business owned by Molly Young, Is shown below. TRIAL: ADJUSTMENTS ADJUSTED TRAL- BALANCE BALANCE INICOME STATEMENT BALANCE SHEE Accourr THLE bEBIx creotr DEBrT: cREDT DEDIT Creort DE CFEDIT pearf 20,427 Cash 13,520 Accounts Recelvable Merchandish Inventory 24,795 Supplien 8,096 prepeld inturance 5,220 Land 20,160 Builang 51,260 Accumutated Depr:- 20,504 Eullding Stace Equipmen: 36,400 Accumulated: Depr-store 14,592 Equip. Equip. Accounts Payable 9,519 Wages Payable Sales Tax Payable 5.949 Unearned Rent 8,939 Revenue Mortgage Payable 45,240 M. Voung Copital 63,492 M. Young. Drawing 25,915 tncome Summary sales 118,930 sales Returns and 1,617 Allowances Bent 3. Enter the adjustments in a general journal. If an amount box does not require an entry, leave it blank. Expense Phone Expense 1,375 vtilities Expense 8,023 Insurance Expense Depreciation Expense- Building Depreciation Exp.-Store Equip: Miscallaneous Expense B1s 290,337290,337 Net Income \begin{tabular}{|c|c|c|} \hline Accumulated Depreciation - Store Equipment & & 14,592 \\ \hline Accounts Payable & & 9,519 \\ \hline Wages Payable & & \\ \hline Sales Tax Payable & & 5,949 \\ \hline Unearned Repair Revenue & & 8,939 \\ \hline Mortgage Payable & & 45,240 \\ \hline M. Young, Capital & & 63,492 \\ \hline M. Young, Drawing & 25,915 & \\ \hline \multicolumn{3}{|l|}{ Income Summary } \\ \hline Sales & & 118,930 \\ \hline Sales Returns and Allowances & 1,617 & \\ \hline \multicolumn{3}{|l|}{ Rent Revenue } \\ \hline Purchases & 27,230 & \\ \hline Purchases Returns and Allowances & & 1,370 \\ \hline Purchases Discounts & & 1,802 \\ \hline Freight-In & 2,144 & \\ \hline Wages Expense & 31,694 & \\ \hline Advertising Expense & 3,566 & \\ \hline Supplies Expense & & \\ \hline Phone Expense & 1,375 & \\ \hline \end{tabular}

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