Golden Wedding Dress Company designs custom wedding dresses for brides to be. The person preparing the...

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Golden Wedding Dress Company designs custom wedding dresses for brides to be. The person preparing the adjusting entries at year-end was unable to complete the adjustments due to illness. You have been given the following unadjusted trial balance along with some additional information for the December 31, 2023, year-end. Account Accounts receivable Accum. deprec., building Accum. deprec., equipment Advance sales Allowance for doubtful accounts Building Cash Equipment Estimated warranty liability Other information: 1. Assume all accounts have a normal balance. Unadjusted Balance $ 82,100 Land Account 129,000 Merchandise inventory 345,000 Mortgage payable 229,000 Note payable 400 Other operating expenses 441,000 Sales 88,400 Salaries & admin expense 645,000 Sales returns and allowances 4,500 Sarah Golden, capital Unadjusted Balance $ 134,000 72,400 228,562 172,000 1,174,000 1,358,000 38,160 8,900 217,498 2. 80% of the balance in the Advance Sales account is for wedding dresses to be made and delivered by Golden during 2024; the remaining 20% is from sales earned during 2023. 3. Golden warranties its wedding dresses against defects and estimates its warranty liability to be 2% of adjusted net sales. 4. The 3%, 5-year note payable was issued on October 1, 2023; interest is payable annually each September 30. 5. The mortgage is paid annually on the first day of the next year. The next mortgage payment will be paid consisting of $9,142 interest and $24,537 principal for a total of $33,679. 6. Uncollectible accounts are estimated to be 1% of outstanding receivables. 7. A physical count of the inventory showed a balance actually on hand of $62,900. 8. Sarah promised her operations manager a year-end performance bonus of $3,276, which would be paid with her salary in January for high sales achieved this year. Golden Wedding Dress Company designs custom wedding dresses for brides to be. The person preparing the adjusting entries at year-end was unable to complete the adjustments due to illness. You have been given the following unadjusted trial balance along with some additional information for the December 31, 2023, year-end. Account Accounts receivable Accum. deprec., building Accum. deprec., equipment Advance sales Allowance for doubtful accounts Building Cash Equipment Estimated warranty liability Other information: 1. Assume all accounts have a normal balance. Unadjusted Balance $ 82,100 Land Account 129,000 Merchandise inventory 345,000 Mortgage payable 229,000 Note payable 400 Other operating expenses 441,000 Sales 88,400 Salaries & admin expense 645,000 Sales returns and allowances 4,500 Sarah Golden, capital Unadjusted Balance $ 134,000 72,400 228,562 172,000 1,174,000 1,358,000 38,160 8,900 217,498 2. 80% of the balance in the Advance Sales account is for wedding dresses to be made and delivered by Golden during 2024; the remaining 20% is from sales earned during 2023. 3. Golden warranties its wedding dresses against defects and estimates its warranty liability to be 2% of adjusted net sales. 4. The 3%, 5-year note payable was issued on October 1, 2023; interest is payable annually each September 30. 5. The mortgage is paid annually on the first day of the next year. The next mortgage payment will be paid consisting of $9,142 interest and $24,537 principal for a total of $33,679. 6. Uncollectible accounts are estimated to be 1% of outstanding receivables. 7. A physical count of the inventory showed a balance actually on hand of $62,900. 8. Sarah promised her operations manager a year-end performance bonus of $3,276, which would be paid with her salary in January for high sales achieved this year.