D E H 1 PROBLEM 2. 25 POINTS The below is the adjusted trial bance of R&M Distributing Company 3 4 5 R&M DISTRIBUTING COMPANY Adjusted Trial Balance December 31, 2010 7 Cash $31.500 12.500 1,350 19.500 1.750 80.000 16.500 4.700 Accounts receivable 10 Employee advances 11 Merchandise inventory, January 1, 2018 12. Prepaid murance 13 Supplies Delivery Truck 15 Accumulated Depreciation Trucks 16 omequipment 17 Accumulated Depreciation Office Equipment 18 Computer equipment 19 Accumulated Depreciation Computer 20 Equipment 21 Accumulated Depreciation 22 Deposit 22 Accounts payable 24 Blanes and wage payable 20 Paysay 2,200 23,000 17,000 9,000 2.500 2.500 12.500 9.000 1,750 2.500 2.150 27 ales Tax Payable Long Term Nees wat 17.000 A 9 Sur 0 Numbers Footer T Table Format Arrange View Share Window Help 2020 FALL ME . Chart Teat Sh Media Con HO PROS Tube PROSE PRO04 PRORS c H 20 2.300 21 Lorem 100 20.000 30,18 . . 1.100 2.000 10 . 1.00 el 2 A 3 5 6 7 125% T Text Formula iew Zoom Table Chart Media Shape Comment PROB1 PROB2 PROB3 wi B D E F 3,750 3,200 380,000 2,000 3 Sales Return 4 Sales Discount 55 Purchase 6 Purchase Discount 37 Purchase Return 38 Transportation in 39 Salaries and wages 40 Rent 5,500 1,700 37,500 8,950 41 7,250 Autos and trucks Payroll taxes 42 2.500 43 Insurance 2,850 44 Depreciation 3,500 45 Pension contribution 7,500 46 Telephone 1,500 47 Utilities 5,000 48 Advertising 1,500 49 Office supplies 1.700 50 Repairs and maintenance 51 7.250 Interest Income 52 1,750 53 673,150 54 Total 673,150 Ending merchandise Inventory as of December 31, 2019 is $ 27,000 Instruction: 1. Prepare multistep Income statement, Statement of Stock holder's equity and Balance sheet for 2019 2. Prepare closing journal entries for 2019 55 56 57 Text Sales Discount