B P3-4 (Financial Statements, Adjusting and Closing Entries) The trial balance of Bellemy Fashion Center BD contained the following accounts at November 30, the end of the company's fiscal year. Credit BELLEMY FASHION CENTER TRIAL BALANCE NOVEMBER 30, 2015 Debit Cash 28,700 Accounts Receivable 33,700 Inventory 45,000 Supplies 5,500 Equipment 133,000 Accumulated Depreciation-Equipment Notes Payable Accounts Payable Share Capital - Ordinary Retained Earnings Sales Revenue Sales Returns and Allowances 4,200 Cost of Goods Sold 495,400 Salaries and Wages Expense 140,000 Advertising Expense 26,400 Utilities Expense 14,000 Maintenance and Repairs Expense 12,100 Delivery Expense 16,700 Rent Expense 24,000 978,700 24,000 51,000 48,500 90,000 8,000 757,200 978.700 Adjustment data: 1. Supplies on hand totaled 1,500. 2. Depreciation is 15,000 on the equipment 3. Interest of 11,000 is accrued on notes payable at November 30. Other data: 1. Salaries and wages expense is 70% selling and 30% administrative. 2. Rent expense and utilities expense are 80% selling and 20% administrative. 3. 30,000 of notes payable are due for payment next year. 4. Maintenance and repairs expense is 100% administrative, sing Expense Utilities Expense Maintenance and Repairs Expense Delivery Expense Rent Expense 26,400 14,000 12,100 16,700 24,000 978,700 978,700 Adjustment data: 1. Supplies on hand totaled 1,500. 2. Depreciation is 15,000 on the equipment. 3. Interest of 11,000 is accrued on notes payable at November 30. Other data: 1. Salaries and wages expense is 70% selling and 30% administrative. 2. Rent expense and utilities expense are 80% selling and 20% administrative. 3. 30,000 of notes payable are due for payment next year. 4. Maintenance and repairs expense is 100% administrative. Chapter 3 The Accounting Information System Instructions (a) Journalize the adjusting entries. (b) Prepare an adjusted trial balance. (c) Prepare an income statement and retained earnings statement for the year and a classified state- ment of financial position as of November 30, 2015. (d) Journalize the closing entries. (e) Prepare a post-closing trial balance. update on campus events, announceme