Credit ORIOLE FASHION CENTER TRIAL BALANCE NOVEMBER 30, 2020 Debit Cash $33,590 Accounts Receivable 37,270 Inventory 48,570 Supplies 9,070 Equipment 140,140 Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Sales Revenue Sales Returns and Allowances 4,200 Cost of Goods Sold 495,400 Salaries and Wages Expense 138,240 Advertising Expense 27,720 Utilities Expenses 15,760 Maintenance and Repairs Expense 12,100 Delivery Expense 16,700 Rent Expense 25,320 Totals $1,004,080 $26,640 54,570 52,070 93,570 11,570 765,660 $1,004,080 Adjustment data: 1. 2. Supplies on hand totaled $5,070. Depreciation is $16,980 on the equipment. Interest of $11,580 is accrued on notes payable at November 30. 3. Other data: 1. 2. Salaries expense is 70% selling and 30% administrative. Rent expense and utilities expenses are 80% selling and 20% administrative. $30,000 of notes payable are due for payment next year. Maintenance and repairs expense is 100% administrative. 3. 4. (a) (a) Your answer is correct. Journalize the adjusting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter Ofor the amounts. Record journal entries in the order presented in the problem.) Debit Credit No. Date Account Titles and Explanation Nov. 1. Supplies Expense 30 4000 Supplies 4000 2. Nov. 30 Depreciation Expense 16,980 Accumulated Depreciation Equipment 16,980 Nov. 3. Interest Expense 11,580 30 Interest Payable 11,580 (b) Prepare an adjusted trial balance. ORIOLE FASHION CENTER Adjusted Trial Balance Debit Credit $ $ Total $ $