From the following trial balance (Figure 11.13) and additional data, complete the worksheet for Rene’s Wholesale Fashion Outlet.
Additional Data
A. Physical count of inventory on December 31, $8,500
B. Supplies on hand, $400
C. Insurance expired, $600
D. Depreciation expense on store equipment, $400
E. Storage fees earned, $176

Transcribed Image Text:

RENE'S WHOLESALE FASHION OUTLET TRIAL BALANCE DECEMBER 31, 2021 Cash Petty Cash Accounts Receivable Merchandise Inventory Supplies Prepaid Insurance Store Equipment Accumulated Depreciation, Store Equipment Accounts Payable Federal Income Tax Payable FICA-Social Security Payable FICA-Medicare Payable Unearned Storage Fees Rene Bishop, Capital Rene Bishop, Withdrawals Sales Sales Returns and Allowances Sales Discount Cost of Goods Sold Salaries Expense Payroll Tax Expense Interest Expense Dr. 446000 130000 750000 90000000 100000 85000 250000 430000 147500 133500 2527500 Cr. 15000001 1063500 10601001 10800 15000 35700 1250000 4500000 1200000 42000 89500 7131000 7131000