A partially completed work sheet for T-Shirt Trends is shown in your working papers. Adjustments need to
Question:
A partially completed work sheet for T-Shirt Trends is shown in your working papers. Adjustments need to be made to the following items at year-end.
Instructions
On the form provided in your working papers, complete the December 31 work sheet including adjustments for T-Shirt Trends.
Transcribed Image Text:
Data for Adjustments Merchandise Inventory, December 31 Supplies on hand, December 31 Insurance premium expired during the period Additional federal corporate income tax owed $47,394 678 1,260 168
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