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journalize an adjusting entries, prepare an addjusted trial balance, prepare a multiple-step income statement for the year, prepare retained earnings statement for the year, prepare
journalize an adjusting entries, prepare an addjusted trial balance, prepare a multiple-step income statement for the year, prepare retained earnings statement for the year, prepare a classified balance sheet as of November 30, 2025, journalize the closing entries, and prepare a post-closing trial balance.
The trial balance of Wildhorse Fashion Center contained the following accounts at November 30 , the end of the company's fiscal year. Adjustment data: 1. Supplies on hand totaled $5,010. 2. Depreciation is $16,935 on the equipment. 3. Interest of $11,120 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. 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 joumal entries in the order presented in the problem. List all debit entries before credit entries) Step by Step Solution
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