Use the Following Information to Complete the Partial Worksheet for Bill's

question 28

Essay

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 - physical count        $10
Store supplies on hand        3
Depreciation on store equipment        2
Accrued salaries       1

bill`s commpany partial worsheet for the year of ended december 31, 2020
account titles	trial balance		adjustments		adjusted trial balance
	debit	credit	debit	credit	debit	credit
merchandies inv.	11
store supplies	10
store equipment	20
accum. depn. store equip.		6
salaries payable
salaries expense	10
cost of goods sold	9
deprecianation expense
store suplies exp.

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Definitions:

Potential Customers

Individuals or organizations that are considered likely to purchase goods or services but have not yet done so.

Bundling

The practice of selling several products or services together as a single combined package, often at a discounted rate.

Package Deal

An offer or agreement involving multiple items or elements grouped together for sale as one combined unit.

Cross-selling

The practice of selling additional products or services to existing customers to enhance their value to the company.