BELLEMY FASHION CENTRE THIAL BALANCE Credi Debi $28700 33.000 45.000 3doo 85000 NOVEMBER 30, 2010 Cash Accounts Receivable Merchandise Inventory Store Supplies Store Equipemen Accumulated DepreciationStore Equipment Delivery I quipment Accumulated Depreciation-Delivery Equipment Notes Payable Accounts Payable Common Stock Retained Earmings Sales Sales Returms and Allowances SI8000 48.000 6.000 31,000 48,500 90,000 8,000 757,200 4,200 495,400 140,000 26.400 14,000 0 16,700 24.000 $978.700 Cost of Goods Sold Salaries Expense Advertising Expense Utilities Expense Repair Expense Delivery Expense Rent Expense $978,200 Directions: The Financial Statement MUST be in a very good format! Adjustment data Stone supplies on hand totaled & 1,500. 2. Depreciation is $9,000 on store equipment and $6,000 on the delivery equipment. 3. Interest of $11,000 is accrued on notes payable on November 30. I. Quter data 1. Salaries expense and utilities is selling 70% 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. Repair expense is 100 % administrative. Instruction: a) Journalize the adjusting entries. b) Prepare an adjusted trial balance c) Prepare a multiple-step income statement and retained earnings statement for the year and a classified balance sheet as of November 30, 2010. d) Journalize the closing entries. e) Prepare a post-closing trial balance (Financial Statements, Adjusting & Closing Entries): The trial balance of Bellemy Fashion Center contained the following accounts on November 30, the end of the company's fiscal year. ar