goodfish lake sewing and garment company services and supplies garments for syncrude and suncorp in northern alberta the person preparing the adjusting/

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Other information:
1. Assume all accounts have a normal balance.
2. 75% of the balance in the Advance Sales account is for garments to be made and delivered by
Goodfish during 2015; the remaining 25% is from sales earned during 2014.
3. Goodfish Lake Sewing and Garment Company warranties its garments against defects and estimates its warranty liability to be 2.5% of adjusted net sales.
4. The 3.5%, 5-year note payable was issued on October 1, 2014; interest is payable annually each September 30.
5. A partial amortization schedule for the mortgage follows:

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