Question: From the work sheet in Exercise 15-5B, identify the adjusting entry(ies) that should be reversed and prepare the reversingentry(ies). Balloons and Baubbles Work Shoet For

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

Balloons and Baubbles Work Shoet For Year Ended Docember 31, 20-1 LSTO TR BRACS MCCME STANMERT RALARS ET TIRAL ALA ACCOUNT TIRE Dan CIEDT DEaT DEDT 2 8 00 00 4200 00 8600 00 780 00 6 20 00 2800 00 4200 00 7|5|001001 ( B 601001 7500001 500 00 500 00 30 000 2800 00 4200 00 Cash Accounts Recelvable Mirchandse invontory Supples Prepald insurance Equipment Accum. Dept.-Equipment Accounts Payable Wages Payabie Sales Tax Puyatie L. Marlow, Capital L Marlow, Drawng 7500 00 500 00 (C 280 00 120 00 500 00 (0) 30 000 3000 00 900 00 6 01 001 1|80 001 300 00 200 00 1800 00 200 00 80 00 12 200 00 (e) 1 0 0 00 200 00 200 00 100 12 2 00 00 12 200 00 2000 00 2000 00 2000 00 8661001 50001 86001001 |6001001 b 75 00001 750000 31 000 00 Income Summary 31|00 001 Sales 31 0,01001 800 00 | 2200100 800 00 22 o 0 0 00 800 00 22 0 00 00 Sales Retums and Allowancas Purchases 180 001 1800 00 407 00 1800 00 407 00 Purchases Returns and ARowancas Purchases Discourits Freignt-in Wages Expenso Advertising Expense suppilas Expense Telaphone Expense Utities Expense 40001 200 00 1| 201001 30001 200 00 14 00 00 300 00 200 00 1400 00 300 00 280 00 700 00 480 00 120 00 300,00 | 2|8 001 2 00 (C) 700 00 001001 4 80 00 480 00 120 00 30 00 120 00 Insurance Expers0 Depr. Expense Equipment Miscellancous Expinse Interest Expense 3 000 (e) 11000 110 00 110 00 97 00 47 887 00 47 887 00 97 00 97 00 1|0100 001 17 000 00 55 887 00 55 887 00 35 3 87 00 40 707 00 20 500 00 15, 180 00 Not Income 5320 00 40 707 00 4070700 20 5 00 00 20 5 00 00 53 20 00

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