Problem 12.6A (Static) Recording adjustments and completing the worksheet. LO 12-1, 12-2, 12-3, 12-4 Enoteca Fine Wines is a retail store selling vintage wines. On December 31, 20x1, the firm's general ledger contained the accounts and balances below. All account balances are normal. Cash Accounts Receivable Prepaid Advertising Supplies Merchandise Inventory Store Equipment Accumulated Depreciation-Store Equipment Office Equipment Accumulated Depreciation-Office Equipment Notes Payable, due 20x2 Accounts Payable Wages Payable Social Security Tax Payable Medicare Tax Payable Unearned Seminar Fees Interest Payable Vincent Carbone, Capital Vincent Carbone, Drawing Income Summary Sales $ 29,886 1,500 480 300 15,000 27,090 3,080 6,000 1,500 28,000 4,705 8, 32,700 14, 110 154.970 IJUU 27,000 3,000 6,000 1,500 20,000 4,795 8,000 32,700 14,110 PICI LITHUIC HIVCITLUK Y Store Equipment Accumulated Depreciation-Store Equipment Office Equipment Accumulated Depreciation Office Equipment Notes Payable, due 20x2 Accounts Payable Wages Payable Social Security Tax Payable Medicare Tax Payable Unearned Seminar Fees Interest Payable Vincent Carbone, Capital Vincent Carbone, Drawing Income Summary Sales Sales Discounts Seminar Fee Income Purchases Purchases Returns and Allowances Freight In Rent Expense Wages Expense Payroll Taxes Expense Depreciation Expense-Store Equipment Depreciation Expense-Office Equipment Advertising Expense Supplies Expense Interest Expense 154,970 200 91,000 1,500 225 13,200 24,000 3,324 150 ADJUSTMENTS: a.-b. Merchandise inventory at December 31, 20X1, was counted and determined to be $14,000. c. The amount recorded as prepaid advertising represents $480 paid on September 1, 20X1, for 12 months of advertising. d. The amount of supplies on hand at December 31 was $130. e. Depreciation on store equipment was $3,800 for 20X1. f. Depreciation on office equipment was $1,250 for 20X1. g. Unearned Seminar Fees represent $8,000 received on November 1, 20X1, for four seminars. At December 31, three of these seminars had been conducted. h. Wages owed but not paid at December 31 were $500. i. On December 31, 20x1, the firm owed the employer's social security tax ($31.00) and Medicare tax ($7.25). j. The note payable bears interest at 6 percent per annum. Two months of interest is owed at December 31, 20X1. Required: I 1. Prepare the Trial Balance section of a 10-column worksheet. The worksheet covers the year ended December 31, 20X1. 2. Enter the adjustments above in the Adjustments section of the worksheet. 3. Complete the worksheet. Complete the worksheet (Enter both the debit and credit effects wherever required. Round your intermediate calculations and in answers to 2 decimal) Yanded Dec 31, 2011 Tre Balance Debit Tebr Do Hatech Det Cash Accounts Receivable Prepaid Advertising Supplier Merchandise Inventory Store Alated Depreciation Store Ocean Accumulated Depreciation in Equod Note Partie du 20 Accounts Payable Wage. Payable Social Security Tax Payable Medice Tax Probe Unnamed Seminar Merest Payable Vincent Carbone Capital Vincent Carbon Drawing loco Summary Sales Sales Discounts Seminar Fee Income Purchase Purchase Returns and lowances Freight in Rent Expense Wages Expono Payroll Tax Experts Notes Payable com 20X2 Aces Payable Wages Payable Social Security Tax Payable Medion Tax Payable Uneamed Seminar Fees Interest Payable Vincent Carbone, Capital Vincent Cartone, Drawing Income Summary See Sales Discounts Seminar Fee Income Purchase Purchases Returns and Alowances Freight in Rentente Wages Expense Payroll Taxes Experte Depreciation Expense Store Equipment Depreciation Expense Oficent Advertising Expense Supplies Expanse Interest Expense Totals Net Income Analyze What was the amount of revenue eamed by conducting seminars during the year ended December 31, 20X1? Complete this question by entering your answers in the tabs below. Worksheet Analyze What was the amount of revenue earned by conducting seminars during the year ended December 31, 2017 Revenue earned Dec 31, 20X1