Following Is the Year-End Adjusted Trial Balance for Yakima's Sporting

question 50

Essay

Following is the year-end adjusted trial balance for Yakima's Sporting Goods for the current year:
$\begin{array}{c}\text { YAKDMA'S SPORTING GOODS}\\\text { Adjusted Trial Balance}\\\text { December 31}\\\begin{array}{|l|r|r|}\hline& \mathrm{Dr} & \mathrm{Cr} \\ \hline \text { Cash } & \$ 67,400 & \\\hline \text { Accounts receivable } & 46,000 & \\\hline \text { Merchandise inventory } & 50,000 & \\\hline \text { Office sunnlies } & 800 &\\\hline \text { Accounts payable } & & 16,000 \\\hline \text { Salaries payable } & & 850 \\\hline \text { Common stock } & & 50,000 \\\hline \text { Retained earnings } & & 75,530 \\\hline \text { Dividends } & 5,000 & \\\hline \text { Sales } & & 500,000 \\\hline \text { Sales returns and allowances } & 4,500 & \\\hline \text { Sales discounts } & 4,250 & \\\hline \text { Cost of goods sold } & 382,450 & \\\hline \text { Sales salaries expense } & 44,000 & \\\hline \text { Advertising expense } & 8,150 & \\\hline \text { Office salaries expense } & 24,325 & \\\hline \text { Office supplies expense } & 450 & \\\hline \text { Interest expense } & \underline{5,055} & \\\hline \text { Totals } & \$ 642,380 & \$ 642,380 \\\hline \end{array}\end{array}$
Prepare the closing entries at December 31 for the current year.

Understand the impacts of situational factors on job performance and behavior.

Recognize the influence of personal values and personality on individual and organizational outcomes.

Describe the significance of aptitudes and their role in personal performance and learning.

Understand the structure and impact of self-concept on behavior and performance.

---

Definitions:

Microdrip Tubing

Specialized tubing used in medical settings that allows for very small and precise volumes of fluid to be administered intravenously.

NS

An abbreviation commonly used for Normal Saline, a sterile solution of sodium chloride (salt) in water, used for a variety of medical purposes.

LRS

Lactated Ringer's Solution, an isotonic fluid commonly used for intravenous hydration and electrolyte replenishment.

NaCl

Sodium chloride, commonly known as table salt, but in medical settings, it refers to a saline solution used for IV fluids.