(Financial Statements, Adjusting and Closing Entries) The trial balance of Orange Center contained the following accounts at June 30, the end of the company's fiscal year: Cash Accounts Receivable Inventory Supplics Equipment Accumulated Depreciation Equipment Notes Fayable Accounts Payable Common Stock Retained Earnings ORANGE CENTER TRIAL BALANCE JUNE 30, 2020 Sales Revenue Sales Returns and Allowances Cost of Goods Sold Salaries and Wages Expense Advertising Expense Utilities Expenses Maintenance and Repairs Expense Freight out Rent Expense Debit $ 6,800 49,800 56,950 5,600 62,000 13,000 246,900 125,650 36,000 6,390 9,310 16,800 26,800 $663,000 Credit $ 20,000 41,000 32,500 1,000 61,700 506,800 $663,000

(Financial Statements, Adiusting and Closing Entries) The trial balance of Orange Center contained the following accounts at June 30 , the end of the company's fiscal year: Adjustment data: 1. Supplies on hand totaled $2,200. 2. Depreciation is $6,800 on the equipment. (Sclling expense) 3. Interest of $3,800 is acerued on notes payable at lune 30 . Other data: 1. Salaries and wages expense is 60% selling and 10% admimistrative. 2. Rent expense and utihities expense are 70% selling and 30% administrative. 3. $10,000 of notes payable are due for payment next year. 4. Maintenance and repairs expense is 100% administrative. Instructions (a) Journalize the adjusting entries. (b) Irepare an adjusted trial balance. (c) Prepare a multiple-step income statement and netained earnings statement for the year and a classified balance sheet as uf June 30, 2020 . (d) fournalise the dening intricos. (e) Prepare a post-closing trial balance. (Financial Statements, Adiusting and Closing Entries) The trial balance of Orange Center contained the following accounts at June 30, the end of the company's fiscal year