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JDS Corporation Partial Adjusted Trial Balance November 30, 2019 Debit Credit Prepaid rent 35,000 Cost of Goods Sold 1,000,000 Sales I 1,500,000 Unearned revenue 129,000

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JDS Corporation Partial Adjusted Trial Balance November 30, 2019 Debit Credit Prepaid rent 35,000 Cost of Goods Sold 1,000,000 Sales I 1,500,000 Unearned revenue 129,000 Income Tax Expense 9,000 Loss on sale of equipment 4,000 Cash dividends 10,000 Rent Expense 150,000 Retained Earnings 16,000 Sales Returns 80,000 Salaries Expense 280,000 Instructions - Use the above information to prepare for the year ended November 30, 2019: a) a multi-step income statement b) closing entries

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