From the work sheet used in Exercise 15-5A, identify the adjusting entry(ies) that should be reversed and prepare the reversing entry(ies).

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Gimbel's Gifts and Gadgets Work Sheet For Year Ended December 31, 20-1 TRIAL BALANCE NCOME STATEMENT BALANCE SHEET ADJUSTMENTS ADJUSTED TRIAL BALANCE ACCOUNT TITLE DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT CREDIT DEBIT CREDIT DEBIT 8 214 00 67 20 00 (b) 16 8 00 00 (a) 14 2 1 0 00 16 800 00 300 00 (d) 2 00 00 600 00 821 4 00 67 20 00 14 2 10 00 6 8 0 00 800 00 1 Cash 8 2 14 00 67 20 00 16 8 0 0 00 300 00 2 Accounts Receivable 3 Merchandise Inventory (c) 3 8 0 00 4 Supplies 5 Prepaid Insurance 6 Building 7 Accum. Depr.- Building 8 Accounts Payable 9 Wages Payable 10 Sales Tax Payable 11 J. M. Gimbel, Capital 12 J. M. Gimbel, Drawing 600 00 80 0 0 0 00 80 0 00 00 80 0 0 0 00 (e) 4 0 00 00 13 6 00 00 17 6|01이 001 17 60 0 00 7 5 2 80 00 8 280 00 9 5 2 80 00 5280 00 (1) 280 00 280 00 326 00 87 8 8 3 00 3 26 00 87 8 8 3 00 3 26 00 10 87 8 8 3 00 11 8000 00 (a) 14 2 10 00 (b) 16 8 0 0 00 14 2 10 00 16 8 00 00 14 2 10 00 16 800 00 800 0 00 8000 00 12 13 Income Summary 13 86 0 0 0 00 86 0 00 00 86 0 00 00 14 Sales 14 15 Sales Returns and Allowances 16 Purchases 18 40 00 54 2 00 00 18 40 00 18 40 00 15 54 2 00 00 54 2 00 00 16 2 8 13 00 108 4 00 2813 00 1084 00 28 13 00 1084 00 17 Purchases Retums and Allowances 17 18 Purchases Discounts 19 Freight-In 20 Wages Expense 21 Advertising Expense 18 800 00 16 8 0 0 00 78 4 00 800 00 17 0 80 00 800 00 |17 0 8 0 00 78 4 00 380 00 19 (0 280 00 20 7 8 4 00 21 3 80 00 22 Supplies Expense (c) 380 00 22 2100 00 23 Telephone Expense 2 100 00 1310 00 200 00 4000 00 38 6 00 14 2 00 2 100 00 23 1310 00 24 Utilities Expense 1310 00 200 00 4000 00 386 00 24 25 Insurance Expense 200 00 (d) 25 26 Depr. ExpenseBuilding (e) 4 0 00 00 26 27 Miscellaneous Expense 3 8 6 00 142 00 196 9 8 6 00 196 9 8 6 00 27 14 2 00 28 Interest Expense 28 35 8 70 00 218 0 6 6 00 218 0 6 6 00 97 4 3 2 00106 6 97 00 120 6 3 4 00 111 3 6 9 00 29 9 26 5 00 30 35 8 70 00 29 9265 00 | 106 6 9 7 00 106 6 9 7 00 120 6 3 4 00 120 6 3 4 00 31 30 Net Income 31