Required: Do the following Adjustment Entries. Cullumber Company's balance sheet at December 31, 2019, is presented below.

Required: Do the following Adjustment Entries.

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Cullumber Company's balance sheet at December 31, 2019, is presented below. CULLUMBER COMPANY Balance Sheet December 31, 2019 Inventory £9,000 Share Capital-ordinary Accounts receivable 21,900 Retained earnings Allowance for doubtful accounts Accounts payable Cash (700) 13,100 £43,300 £20,000 14,400 8,900 £43,300 Cullumber Company's balance sheet at December 31, 2019, is presented below. CULLUMBER COMPANY Balance Sheet December 31, 2019 Inventory £9,000 Share Capital-ordinary Accounts receivable 21,900 Retained earnings Allowance for doubtful accounts Accounts payable Cash (700) 13,100 £43,300 £20,000 14,400 8,900 £43,300

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