Critical Thinking Problem 12.1 (Algo) Completing the Worksheet LO 12-1, 12-2, 12-3, 12-4 Following is the unadjusted trial balance of Ben's Jewelers on December 31, 20X1. BEN'S JEWELERS Trial Balance December 31, 20X1 Cash Accounts Receivable Allowance for Doubtful Accounts Merchandise Inventory Store Supplies Office Supplies Store Equipment Accumulated Depreciation-Store Equipment Office Equipment Accumulated Depreciation Office Equipment Accounts Payable Salaries Payable Social Security Tax Payable Medicare Tax Payable Federal Unemployment Tax Payable State Unemployment Tax Payable Ben Waites, Capital Ben Waites, Drawing Income Summary Sales Color Daturne and Allowancar FROM $ 13,150 Dr. 50,000 Dr. 2,100 Cr. 106,000 Dr. 4,330 Dr. 3,050 Dr. 113,690 Dr. 13,110 Cr. 27,740 Dr. 5,030 Cr. 4,490 Cr. 166,410 Cr. 30,100 Dr. 862,630 Cr. 7 620 nr

Critical Thinking Problem 12.1 (Algo) Completing the Worksheet LO 12-1, 12-2, 12-3, 124 Following is the unadjusted trial balance of Ben's Jewelers on December 31,201. Required: 1. Complete the worksheet. a.-b. Ending merchandise inventory, $98,800. c. Uncollectible accounts expense, $1,100 d. Store supplies on hand December 31,201,5635 e. Office supplies on hand December 31, 20X1, $315. f. Depreciation on store equipment, $11,370 9. Depreciation on office equipment. $3,340. h. Accrued sales salaries, $4,100, and accrued office salaries, $1,100. g. Depreciation on office equipment, $3,340. h. Accrued sales salaries, $4,100, and accrued office salaries, $1,100 i. Social security tax on accrued salaries, \$330: Medicare tax on accrued salaries, \$78. (Assumes that tax rates have increased) j. Federal unemployment tax on accrued salaries, \$58; state unemployment tax on acerued salaries, \$274 2. Joumaize the adjusting entries on December 31,201 3. Journalize the closing entries on December 31,201. 4. Compute the following: o. net sales b. net delivered cost of purchases c. cost of goods sold d. net income or net loss e. balance of Ben Waites, Capital on December 31, 20X1 Analyze: What change(s) to Ben Woites, Copital will be reported on the statement of owner's equity? Complete this question by entering your answers in the tabs below. Complete the worksheet. (Enter both the debit and credit effects wherever required.)