Credit Bellemy Fashion Center Trial Balance November 30, 2020 Debit Cash $ 28,700 Accounts Receivable 33.700 Inventory 45.000 Supplies 5.500 Equipment 133.000 Accumulated Depreciation -- Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Sales Revenge Sales Returns and Allowances 4,200 Cort of Goode Sold 495.400 Salaries and Wages Expense 140.000 Advertising Expense 26.400 Utilities Expenses 14,000 Maintenance and Repairs Expertise Delivery Expense 16,700 Rent Expense 24,000 $978,700 $ 94,000 $1,000 48.500 90,000 8,000 757,200 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. Using a Spreadsheet a. Journalize the adjusting entries. b. Prepare an adjusted trial balance. c. Prepare a multiple-step income statement (ignore taxes) and retained earnings statement for the year and a classified balance sheet as of November 30, 2020. d. Journalize the closing entries. e. Prepare a post-closing trial balance. 12.100 $978.700