1. Determine the adjusting entries by analyzing the difference between the adjusted trial balance and the trial balance.

Sunstate Computer Supply End-of-Period Spreadsheet For Year Ended December 31, 20--
	TRIAL BALANCE		ADJUSTMENTS				ADJUSTED TRIAL BALANCE
ACCOUNT TITLE	DEBIT	CREDIT	DEBIT		CREDIT		DEBIT	CREDIT
Cash	22,000			fill in the blank 81c1a5059048002_1		fill in the blank 81c1a5059048002_2	22,000
Accounts Receivable	15,400			fill in the blank 81c1a5059048002_3		fill in the blank 81c1a5059048002_4	15,400
Merchandise Inventory	82,600			fill in the blank 81c1a5059048002_5		fill in the blank 81c1a5059048002_6	93,400
Estimated Returns Inventory	3,520			fill in the blank 81c1a5059048002_7		fill in the blank 81c1a5059048002_8	4,730
Supplies	8,900			fill in the blank 81c1a5059048002_9		fill in the blank 81c1a5059048002_10	3,740
Prepaid Insurance	5,940			fill in the blank 81c1a5059048002_11		fill in the blank 81c1a5059048002_12	4,190
Land	143,000			fill in the blank 81c1a5059048002_13		fill in the blank 81c1a5059048002_14	143,000
Building	265,000			fill in the blank 81c1a5059048002_15		fill in the blank 81c1a5059048002_16	265,000
Accumulated DepreciationBuilding		106,000		fill in the blank 81c1a5059048002_17		fill in the blank 81c1a5059048002_18		119,250
Store Equipment	120,000			fill in the blank 81c1a5059048002_19		fill in the blank 81c1a5059048002_20	120,000
Accumulated DepreciationStore Equipment		48,000		fill in the blank 81c1a5059048002_21		fill in the blank 81c1a5059048002_22		54,000
Accounts Payable		10,560		fill in the blank 81c1a5059048002_23		fill in the blank 81c1a5059048002_24		10,560
Customer Refunds Payable		3,800		fill in the blank 81c1a5059048002_25		fill in the blank 81c1a5059048002_26		6,230
Wages Payable				fill in the blank 81c1a5059048002_27		fill in the blank 81c1a5059048002_28		3,860
Sales Tax Payable		6,490		fill in the blank 81c1a5059048002_29		fill in the blank 81c1a5059048002_30		6,490
Unearned Rent Revenue		9,800		fill in the blank 81c1a5059048002_31		fill in the blank 81c1a5059048002_32		4,970
M. Thibeault, Capital		312,421		fill in the blank 81c1a5059048002_33		fill in the blank 81c1a5059048002_34		312,421
M. Thibeault, Drawing	28,600			fill in the blank 81c1a5059048002_35		fill in the blank 81c1a5059048002_36	28,600
Income Summary				fill in the blank 81c1a5059048002_37		fill in the blank 81c1a5059048002_38	82,600	93,400
				fill in the blank 81c1a5059048002_39		fill in the blank 81c1a5059048002_40	3,520	4,730
Sales		577,664		fill in the blank 81c1a5059048002_41		fill in the blank 81c1a5059048002_42		577,664
Sales Returns and Allowances	15,900			fill in the blank 81c1a5059048002_43		fill in the blank 81c1a5059048002_44	18,330
Rent Revenue				fill in the blank 81c1a5059048002_45		fill in the blank 81c1a5059048002_46		4,830
Purchases	137,500			fill in the blank 81c1a5059048002_47		fill in the blank 81c1a5059048002_48	137,500
Purchases Returns and Allowances		1,540		fill in the blank 81c1a5059048002_49		fill in the blank 81c1a5059048002_50		1,540
Purchases Discounts		1,980		fill in the blank 81c1a5059048002_51		fill in the blank 81c1a5059048002_52		1,980
Freight-In	2,310			fill in the blank 81c1a5059048002_53		fill in the blank 81c1a5059048002_54	2,310
Wages Expense	137,000			fill in the blank 81c1a5059048002_55		fill in the blank 81c1a5059048002_56	140,860
Advertising Expense	14,300			fill in the blank 81c1a5059048002_57		fill in the blank 81c1a5059048002_58	14,300
Supplies Expense				fill in the blank 81c1a5059048002_59		fill in the blank 81c1a5059048002_60	5,160
Phone Expense	1,485			fill in the blank 81c1a5059048002_61		fill in the blank 81c1a5059048002_62	1,485
Utilities Expense	8,800			fill in the blank 81c1a5059048002_63		fill in the blank 81c1a5059048002_64	8,800
Insurance Expense				fill in the blank 81c1a5059048002_65		fill in the blank 81c1a5059048002_66	1,750
Depreciation ExpenseBuilding				fill in the blank 81c1a5059048002_67		fill in the blank 81c1a5059048002_68	13,250
Depreciation ExpenseStore Equipment				fill in the blank 81c1a5059048002_69		fill in the blank 81c1a5059048002_70	6,000
Rent Expense	66,000			fill in the blank 81c1a5059048002_71		fill in the blank 81c1a5059048002_72	66,000
	1,078,255	1,078,255		fill in the blank 81c1a5059048002_73		fill in the blank 81c1a5059048002_74	1,201,925	1,201,925
							501,865	684,144
Net Income							182,279

Journalize the adjusting entries in a general journal.

Page:

	DATE	ACCOUNT TITLE	DOC. NO.	POST. REF.	DEBIT	CREDIT
1	20-- Dec. 31	Income SummaryMerchandise InventorySalesSupplies			- Select -	- Select -	1
2		Income SummaryMerchandise InventorySalesSupplies			- Select -	- Select -	2
3	Remove beginning inventory						3
4	Dec. 31	Income SummaryMerchandise InventorySalesSupplies			- Select -	- Select -	4
5		Income SummaryMerchandise InventorySalesSupplies			- Select -	- Select -	5
6	Enter ending inventory						6
7	Dec. 31	Income SummaryRent RevenueSales Returns and AllowancesSupplies Expense			- Select -	- Select -	7
8		Customer Refunds PayableIncome SummaryRent RevenueSupplies Expense			- Select -	- Select -	8
9	Update for new estimate of customer refunds						9
10	Dec. 31	Income SummaryMerchandise InventorySalesSupplies			- Select -	- Select -	10
11		Estimated Returns InventoryIncome SummarySalesSupplies			- Select -	- Select -	11
12	Remove beginning estimated returns inventory						12
13	Dec. 31	Estimated Returns InventoryIncome SummarySalesSupplies			- Select -	- Select -	13
14		Income SummaryMerchandise InventorySalesSupplies			- Select -	- Select -	14
15	Enter ending estimated returns inventory						15
16	Dec. 31	Income SummaryRent RevenueSuppliesSupplies Expense			- Select -	- Select -	16
17		Income SummaryRent RevenueSuppliesSupplies Expense			- Select -	- Select -	17
18	Adjust supplies to physical count						18
19	Dec. 31	Income SummaryInsurance ExpensePrepaid InsuranceSupplies			- Select -	- Select -	19
20		Income SummaryInsurance ExpensePrepaid InsuranceSupplies			- Select -	- Select -	20
21	Record insurance expense						21
22	Dec. 31	Accumulated Depreciation-BuildingBuildingDepreciation Expense-BuildingIncome Summary			- Select -	- Select -	22
23		Accumulated Depreciation-BuildingBuildingDepreciation Expense-BuildingIncome Summary			- Select -	- Select -	23
24	Record depreciation on building						24
25	Dec. 31	Accumulated Depreciation-Store EquipmentDepreciation Expense-Store EquipmentRent RevenueStore Equipment			- Select -	- Select -	25
26		Accumulated Depreciation-Store EquipmentDepreciation Expense-Store EquipmentRent RevenueStore Equipment			- Select -	- Select -	26
27	Record depreciation on store equipment						27
28	Dec. 31	Income SummarySuppliesWages ExpenseWages Payable			- Select -	- Select -	28
29		Income SummarySuppliesWages ExpenseWages Payable			- Select -	- Select -	29
30	Record wages earned and unpaid						30
31	Dec. 31	Rent RevenueSalesSuppliesUnearned Rent Revenue			- Select -	- Select -	31
32		Rent RevenueSalesSuppliesUnearned Rent Revenue			- Select -	- Select -	32
33	Record revenue earned						33