Check Required information Exercise 2-20 (Algo) Worksheet (Appendix 2A] (The following information applies to the questions displayed below.] The December 31, 2021, unadjusted trial balance for the Wolkstein Drug Company is presented below. December 31 is the company's year-end reporting date. Credits Debits 75,370 21,500 2,400 32,500 58,800 17,480 22,880 Account Title Cash Accounts receivable Prepaid rent Inventory Equipment Accumulated depreciation Accounts payable Salaries payable Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Depreciation expense Utilities expense Advertising expense Totals 100,000 13,000 353,000 211,800 78,600 14,400 14,120 4,710 585,400 585,400 The following year-end adjusting entries are required: a. Depreciation expense for the year on the equipment is $5,800 b. Salaries at year-end should be accrued in the amount of $4,640. Exercise 2-20 (Algo) Part 1 03 hay Check my work Required information 1. Prepare and complete a worksheet WOLKSTEIN DRUG COMPANY Worksheet December 31, 2021 Adjusting Entries Adjusted Trial Balance Dr. Cr. Dr. CE Account Title Income De Unadjusted Trial Balance Dr. C. 75,370 21,500 2.400 32.500 58.000 17.4001 22,000 0 Cash Accounts receivable Prepaid rent Inventory Equipment Accumulated depreciation Accounts payable Salaries payable Common stock Retained earnings Sales revenue Cost of goods sold Salades expense Rent expense Depreciation expense Us expense Advertising expense 100,000 13.000 353,000 211,800 70.500 14.400 0 14.120 4.710 Net income Totals 505,400 505.400 i e Tapi