Use the following information to complete the par

Use the following information to complete the partial worksheet for Bill’s

Company. Record the appropriate adjusting entries using the data below and

extend the balances over to the adjusted trial balance columns.

Merchandise inventory—ending $10

Store supplies on hand 3

Depreciation on store equipment 2

Accrued salaries 1

Bill’s Company

Partial Worksheet

For the Year Ended December 31st, 2012

Account Titles Trial Balance Adjustments Adjusted

Trial Balance

Debit Credit Debit Credit Debit Credit

Merchandise Inv. 16

Store Supplies 10

Store Equipment 20

Accum. Depr. Store

Equip. 6

Salaries Payable

Income Summary

Salary Expense 10

Depreciation Expense

Store Supplies Exp.