The Green Thumb Gardener is a retail store that sells plants, soil, and decorative pots. On December 31, 2019, the firm's general ledger contained the accounts and balances that appear below.   ACCOUNTS AND BALANCES Cash $ 6,200 Dr. Accounts Receivable 3,100 Dr. Allowance for Doubtful Accounts 57 Cr. Merchandise Inventory 11,800 Dr. Supplies 1,250 Dr. Prepaid Advertising 900 Dr. Store Equipment 8,400 Dr. Accumulated Depreciation—Store Equipment 1,550 Cr. Office Equipment 1,900 Dr. Accumulated Depreciation—Office Equipment 330 Cr. Accounts Payable 2,675 Cr. Social Security Tax Payable 480 Cr. Medicare Tax Payable 93 Cr. Federal Unemployment Tax Payable State Unemployment Tax Payable Salaries Payable Beth Argo, Capital 27,947 Cr. Beth Argo, Drawing 20,500 Dr. Sales 92,548 Cr. Sales Returns and Allowances 1,150 Dr. Purchases 47,900 Dr. Purchases Returns and Allowances 480 Cr. Rent Expense 6,500 Dr. Telephone Expense 640 Dr. Salaries Expense 14,600 Dr. Payroll Taxes Expense 1,320 Dr. Income Summary Supplies Expense Advertising Expense Depreciation Expense—Store Equipment Depreciation Expense—Office Equipment Uncollectible Accounts Expense ADJUSTMENTS a.–b. Merchandise inventory on December 31, 2019, is $12,821. c. During 2019, the firm had net credit sales of $40,000; the firm estimates that 0.7 percent of these sales will result in uncollectible accounts. d. On December 31, 2019, an inventory of the supplies showed that items costing $300 were on hand. e. On October 1, 2019, the firm signed a six-month advertising contract for $900 with a local newspaper and paid the full amount in advance. f. On January 2, 2018, the firm purchased store equipment for $8,400. At that time, the equipment was estimated to have a useful life of five years and a salvage value of $650. g. On January 2, 2018, the firm purchased office equipment for $1,900. At that time, the equipment was estimated to have a useful life of five years and a salvage value of $250. h. On December 31, 2019, the firm owed salaries of $1,880 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 tax (assume 1.45 percent) on the entire $1,880 of accrued wages. j. On December 31, 2019, the firm owed federal unemployment tax (assume 0.6 percent) and state unemployment tax (assume 5.4 percent) on the entire $1,880 of accrued wages. Required: 1. Prepare the Trial Balance section of a 10-column worksheet. The worksheet covers the year ended December 31, 2019. 2. Enter the adjustments above in the Adjustments section of the worksheet. 3. Complete the worksheet. Analyze: By what amount were the assets of the business affected by adjustments? Complete this question by entering your answers in the tabs below. · Worksheet · Analyze Complete the worksheet. (Enter both the debit and credit effects wherever ...

1. The Green Thumb Gardener is a retail store that sells plants,
soil, and decorative pots. On December 31, 2019, the firm's
general ledger contained the accounts and balances that appear
below.
ACCOUNTS AND BALANCES
Cash
$
6,200
Dr.
Accounts Receivable
3,100
Dr.
Allowance for Doubtful Accounts
57
Cr.
Merchandise Inventory
11,800
Dr.
Supplies
1,250

2. Dr.
Prepaid Advertising
900
Dr.
Store Equipment
8,400
Dr.
Accumulated Depreciation—Store Equipment
1,550
Cr.
Office Equipment
1,900
Dr.
Accumulated Depreciation—Office Equipment
330
Cr.
Accounts Payable
2,675

3. Cr.
Social Security Tax Payable
480
Cr.
Medicare Tax Payable
93
Cr.
Federal Unemployment Tax Payable
State Unemployment Tax Payable
Salaries Payable
Beth Argo, Capital
27,947

4. Cr.
Beth Argo, Drawing
20,500
Dr.
Sales
92,548
Cr.
Sales Returns and Allowances
1,150
Dr.
Purchases
47,900
Dr.
Purchases Returns and Allowances
480
Cr.
Rent Expense
6,500

5. Dr.
Telephone Expense
640
Dr.
Salaries Expense
14,600
Dr.
Payroll Taxes Expense
1,320
Dr.
Income Summary
Supplies Expense
Advertising Expense

6. Depreciation Expense—Store Equipment
Depreciation Expense—Office Equipment
Uncollectible Accounts Expense
ADJUSTMENTS
a.–b. Merchandise inventory on December 31, 2019, is $12,821.
c. During 2019, the firm had net credit sales of $40,000; the
firm estimates that 0.7 percent of these sales will result in
uncollectible accounts.
d. On December 31, 2019, an inventory of the supplies showed
that items costing $300 were on hand.
e. On October 1, 2019, the firm signed a six-month advertising
contract for $900 with a local newspaper and paid the full
amount in advance.
f. On January 2, 2018, the firm purchased store equipment for
$8,400. At that time, the equipment was estimated to have a
useful life of five years and a salvage value of $650.
g. On January 2, 2018, the firm purchased office equipment for
$1,900. At that time, the equipment was estimated to have a

7. useful life of five years and a salvage value of $250.
h. On December 31, 2019, the firm owed salaries of $1,880 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 tax (assume
1.45 percent) on the entire $1,880 of accrued wages.
j. On December 31, 2019, the firm owed federal unemployment
tax (assume 0.6 percent) and state unemployment tax (assume
5.4 percent) on the entire $1,880 of accrued wages.
Required:
1. Prepare the Trial Balance section of a 10-column worksheet.
The worksheet covers the year ended December 31, 2019.
2. Enter the adjustments above in the Adjustments section of the
worksheet.
3. Complete the worksheet.
Analyze:
By what amount were the assets of the business affected by
adjustments?
Complete this question by entering your answers in the tabs
below.
· Worksheet
· Analyze
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 Gardener
Worksheet
Year Ended December 31, 2019

8. Trial Balance
Adjustments
Adjusted Trial Balance
Income Statement
Balance Sheet
Account Name
Debit
Credit
Debit
Credit
Debit
Credit
Debit
Credit
Debit
Credit
Cash
Accounts Receivable

9. Allowance for Doubtful Accounts
Merchandise Inventory
Supplies

10. Prepaid Advertising
Store Equipment
Accumulated Depreciation—Store Equipment
Office Equipment

11. Accumulated Depreciation—Office Equipment
Accounts Payable
Social Security Tax Payable

12. Medicare Tax Payable
Federal Unemployment Tax Payable
State Unemployment Tax Payable

13. Salaries Payable
Beth Argo, Capital
Beth Argo, Drawing
Sales

14. Sales Returns and Allowances
Purchases
Purchases Returns and Allowances

15. Rent Expense
Telephone Expense
Salaries Expense

16. Payroll Taxes Expense
Income Summary
Supplies Expense

17. Advertising Expense
Depreciation Expense—Store Equipment
Depreciation Expense—Office Equipment
Uncollectible Accounts Expense

18. Totals
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
Net Income

19. $0.00
$0.00
$0.00
$0.00
· Worksheet
The Green Thumb Gardener is a retail store that sells plants,
soil, and
decorative pots. On December 31, 2019, the firm's general
ledger contained
the accounts and balances that appear
below.
ACCOUNTS AND BALANCES
Cash
$
6,200
Dr.

20. Accounts Receivable
3,100
Dr.
Allowance for Doubtful Accounts
57
Cr.
Merchandise Inventory
11,800
Dr.

21. Supplies
1,250
Dr.
Prepaid Advertising
900
Dr.
Store Equipment
8,400
Dr.

22. Accumulated Depreciation
—
Store Equipment
1,550
Cr.
Office Equipment
1,900
Dr.
Accumulated Depreciation
—
Office Equipment
330

23. Cr.
Accounts Payable
2,675
Cr.
Social Security Tax Payable
480
Cr.
Medicare Tax Payable
93

24. Cr.
Federal Unemployment Tax Payable
State Unemployment Tax Payable
Salaries Payable

25. Beth Argo, Capital
27,947
Cr.
Beth Argo, Drawing
20,500
Dr.
Sales
92,548

26. Cr.
Sales Returns and Allowances
1,150
Dr.
Purchases
47,900
Dr.
Purchases Returns and Allowances
480

27. Cr.
Rent Expense
6,500
Dr.
Telephone Expense
640
Dr.
Salaries Expense
14,600

28. Dr.
Payroll Taxes Expense
1,320
Dr.
Income Summary
Supplies Expense

29. Advertising Expense
Depreciation Expense
—
Store Equipment
Depreciation Expense
—
Office Equipment

30. Uncollectible Accounts Expense
ADJUSTMENTS
a.
–
b.
Merchandise inventory on December 31, 2019, is $12,821.
c.
During
2019,

31. the
firm
had
net
credit
sales
of
$40,000;
the
firm
estimates
that
0.7
percent
of
these
sales
will

32. result
in
uncollectible
accounts.
d.
On
December
31,
2019,
an
inventory
of
the
supplies
show
ed
that
items
costing

33. $300
were
on
hand.
The Green Thumb Gardener is a retail store that sells plants,
soil, and
decorative pots. On December 31, 2019, the firm's general
ledger contained
the accounts and balances that appear below.
ACCOUNTS AND BALANCES
Cash $ 6,200 Dr.
Accounts Receivable 3,100 Dr.
Allowance for Doubtful Accounts 57 Cr.
Merchandise Inventory 11,800 Dr.
Supplies 1,250 Dr.
Prepaid Advertising 900 Dr.
Store Equipment 8,400 Dr.
Accumulated Depreciation—Store Equipment 1,550 Cr.
Office Equipment 1,900 Dr.
Accumulated Depreciation—Office Equipment 330 Cr.
Accounts Payable 2,675 Cr.
Social Security Tax Payable 480 Cr.
Medicare Tax Payable 93 Cr.
Federal Unemployment Tax Payable
State Unemployment Tax Payable
Salaries Payable
Beth Argo, Capital 27,947 Cr.
Beth Argo, Drawing 20,500 Dr.
Sales 92,548 Cr.
Sales Returns and Allowances 1,150 Dr.

34. Purchases 47,900 Dr.
Purchases Returns and Allowances 480 Cr.
Rent Expense 6,500 Dr.
Telephone Expense 640 Dr.
Salaries Expense 14,600 Dr.
Payroll Taxes Expense 1,320 Dr.
Income Summary
Supplies Expense
Advertising Expense
Depreciation Expense—Store Equipment
Depreciation Expense—Office Equipment
Uncollectible Accounts Expense
ADJUSTMENTS
a.–b. Merchandise inventory on December 31, 2019, is $12,821.
c. During 2019, the firm had net credit sales of $40,000; the
firm estimates that
0.7 percent of these sales will result in uncollectible accounts.
d. On December 31, 2019, an inventory of the supplies showed
that items costing
$300 were on hand.