Gismondi Produce Company’s trial balance below pertains to December 31, 2017.
Additional data at December 31, 2017:
a. Insurance expense for the year should total $21,600.
b. Store fixtures have an estimated useful life of 10 years and are expected to have no value when they are retired from service.
c. Accrued salaries at December 31, $5,500.
d. Accrued interest expense at December 31, $1,600.
e. Store supplies on hand at December 31, $23,800.
f. Inventory based on the inventory count on December 31, $116,500.
Required
Gismondi Produce Company uses the periodic inventory system. Complete Gismondi Produce Company’s worksheet for the year ended December 31, 2017. Key adjustments by letter.
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