The balances of the ledger accounts of Beldren Home

Center
The balances of the ledger accounts of Beldren Home Center as of December 31, the end of its
fiscal year, are as follows: Cash ....................... $ 10,592Accounts Receivable ................
43,962Merchandise Inventory ............... 120,838Supplies ..................... 1,570Prepaid Insurance
................. 2,628Store Equipment .................. 35,924Accumulated Depreciation, Store
Equipment ...... 29,420Office Equipment ................... 10,436Accumulated Depreciation, Office
Equipment ....... 1,720Notes Payable .................. 5,000Accounts Payable ..................
29,822Unearned Rent ................... 3,200A. P. Beldren, Capital ................ 120,532A. P.
Beldren, Drawing .............. 29,000Sales ...................... 653,000Sales Returns and Allowances
............ 9,748Purchases .................... 519,374Purchases Returns and Allowances ..........
12,440Purchases Discounts ............... 8,634Freight In ................... 24,724Wages Expense
.................. 54,200Interest Expense ................ 772Data for the adjustments are as follows: a–
b. Merchandise Inventory at December 31, $ 102,765. c. Wages accrued at December 31, $
1,834. d. Supplies inventory (on hand) at December 31, $ 645. e. Depreciation of store
equipment, $ 5,782. f. Depreciation of office equipment, $ 1,791. g. Insurance expired during
the year, $ 845. h. Rent earned $ 2,500. Required 1. Complete the work sheet after entering the
account names and balances onto the work sheet. 2. Journalize the adjusting entries on journal
page 16.View Solution: The balances of the ledger accounts of Beldren Home Center
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