BELLEMY FASHION CENTER TRIAL BALANCE NOVEMBER 30, 2017 Debit $28,700 33,700 45,000 5,500 133,000 Credit Cash Accounts Receivable Inventory Supplies Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Sales Revenue Sales Returns and Allowances Cost of Goods Sold Salaries and Wages Expense Advertising Expense Utilities Expenses Maintenance and Repairs Expense Delivery Expense Rent Expense Totals $24,000 51,000 48,500 90,000 8,000 757,200 4,200 495,400 140,000 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 expense is 70% selling and 30% administrative. 2. Rent expense and utilities expenses 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. Journalize the adjusting entries. (Credit account titles are automatically indented when amount is ente account titles and enter O for the amounts. Record journal entries in the order presented in the prol No. Date Account Titles and Explanation 1. Nov. 30 Debit Credit 2. Nov. 30 3. Nov. 30 Prepare an adjusted trial balance. BELLEMY FASHION CENTER Adjusted Trial Balance November 30, 2017 Debit Credit Total BELLEMY FASHION CENTER Income Statement Selling expenses Administrative expenses Prepare retained earnings statement for the year. BELLEMY FASHION CENTER Retained Earnings Statement BELLEMY FASHION CENTER Balance Sheet Assets Liabilities and Stockholders' Equity No. Date Account Titles and Explanation Debit Credit 1. Nov. 30 (To close accounts with credit balances.) 2. Nov. 30 (To close accounts with debit balances.) 3. Nov. 30 (To close net income / (loss).) BELLEMY FASHION CENTER Post-Closing Trial Balance November 30, 2017 Debit Credit