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 41,870 32,750 5,400 51,250 118,000 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 35,400 37,000 0 100,000 35,500 503,000 301,800 100,600 32,400 @ 20,120 6,710 710,900 710, 900 The following year-end adjusting entries are required: a. Depreciation expense for the year on the equipment is $11,800. b. Salaries at year-end should be accrued in the amount of $6.440. Required: 1. Prepare and complete a worksheet. Account Title WOLKSTEIN DRUG COMPANY Worksheet December 31, 2021 Adjusting Entries Adjusted Trial Balance Dr. Cr. Dr. Cr. 41 870 32.750 5,400 51,250 118.000 Income Statement Dr. Cr. Balance Sheet Dr. CE 41870 32.750 5.400 51,250 118,000 Cash Accounts receivable Prepaid rent Inventory Equipment Accumulated depreciation Accounts payable Salarios payable Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Unadjusted Trial Balance Dr. Cr. 41 870 32,750 5,400 51.250 118,000 35.400 37,000 0 100,000 35,500 503,000 301,800 100,000 . Check Required information of 2 41 870 32.750 5.400 51 250 118.000 41,8701 32.750 5,400 51.250 118,000 Balance Sheet Dr. Cr. 41,870 32,750 5,400 51 250 118.000 DOK Cash Accounts receivable Prepaid rent Inventory Equipment Accumulated depreciation Accounts payable Sales payable Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Depreciation expense Uties expense Advertising expense 35.400 37.000 0 100.000 35,500 503,000 ences 301,800 100,000 32.400 0 20,120 6.710 0 0 249,270 0 Net income Totals 710.900 710.900 0 249 270 0 0 249,270