Answer:
The answers are given below;
Explanation:
a. Adjusting Entries
Salaries Expense Dr.$1,700
Salaries Payable Cr.$1,700
Selling Expenses Dr.$3,000
Prepaid Selling Expenses Cr.$3,000
Inventory Dr.$28,700
Cost of Goods Sold Cr.$28,700
b. Income summary Account (1,700+3,000+28,700) Dr.$33,400
Salaries Expense Cr.$1,700
Selling Expense Cr.$3,000
Cost of Goods Sold Cr.$28,700
Capital Dr.$33,400
Income Summary Account Cr.$33,400