Refer to the data and information in Problem.
In Problem, The following unadjusted trial balance is prepared at fiscal year-end for Giaccio Products Company.

Rent expense and salaries expense are equally divided between selling activities and the general and administrative activities. Giaccio Products Company uses a perpetual inventory system.
Required
1. Prepare adjusting journal entries to reflect each of the following.
a. Store supplies still available at fiscal year-end amount to $1,650.
b. Expired insurance, an administrative expense, for the fiscal year is $1,300.
c. Depreciation expense on store equipment, a selling expense, is $1,990 for the fiscal year.
d. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $11,600 of inventory is still available at fiscal year-end.
Prepare and complete the entire 10-column work sheet for Giaccio Products Company. Follow the structure of Exhibit.

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GIACCIO PRODUCTS COMPANY Unadjusted Trial Balance October 31, 2009 Debit 30,150 13,000 5,300 2,700 42,900 Credit Cash Merchandise inventory Store supplies Prepaid insurance Store equipment Accumulated depreciation-Store equipment Accounts payable Common stock Retained earnings Dividends Sales Sales discounts Sales returns and allowances Cost of goods sold Depreciation expense -Store equipment Salaries expense Insurance expense Rent expense Store supplies expense Advertising expense Totals $ 19,900 15,000 18,000 20,000 2,050 116,250 1,950 2,300 39,000 0 26,000 14,000 9,800 $189,150 $189,150