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adjustments, income statement, balance sheet

adjustments, income, balance sheet. fill in the blanks

The unadjusted trial balance of Splish Brothers Inc., a private company following ASPE, contained the following accounts at November 30, the company's fiscal year end: Splish Brothers Inc. Trial Balance November 30, 2020 Debit Credit Cash $ 25,700 Accounts receivable 72,160 Inventory 92,400 Supplies 7,570 Equipment 198,000 Accumulated depreciation equipment $ 75,680 Vehicles 112,640 Accumulated depreciation-vehicles 34,320 Notes payable 74,800 Accounts payable 69,080 Common shares 264.000 Common shares 264,000 Retained earnings 33,450 Sales revenue 836,180 Sales returns and allowances 21,300 Cost of goods sold 538.120 Salaries and wages expense 132,000 Advertising expense 40,830 Utilities expense 21,120 Repairs and maintenance expense 28,250 Travel expense 41,100 Rent expense 56.320 $ 1.387.510 $ 1,387,510 Adjustment data: 1. Supplies on hand totalled $2.730. 2. Depreciation is $ 35,200 on the store equipment and $ 26,400 on the delivery trucks. Adjustment data: 1. Supplies on hand totalled $ 2,730. 2. Depreciation is $ 35,200 on the store equipment and $ 26,400 on the delivery trucks. 3. Interest of $ 7,920 is accrued on notes payable at November 30. Additional information: 1. Salaries and wages expense is 80% selling and 20% administrative. 2. Rent expense and utilities expense are 80% selling and 20% administrative. 3. Of the notes payable, $ 30,800 is due for payment next year. 4. Repairs and maintenance expense is 100% administrative. 5. Expenses pertaining to travel, advertising and supplies are 100% selling. 6. The income tax rate for the company is 20%. No taxes have been accrued or paid during the year. Enter the trial balance on a work sheet and complete the work sheet. Trial Balance Adjustments Account Titles Dr. Cr. Dr. Cr. Cash $ 25,700 TA 25700 $ Accounts Receivable 72.160 72160 Inventory 92,400 92400 Supplies 7.570 2730 Equipment 198,000 198000 Accumulated Depreciation-Equipment $ 75,680 1: Vehicles 112,640 112640 Accumulated Depreciation-Vehicles 34,320 Notes Payable 74.800 Accounts Payable 69,080 Vehicles 112,640 112640 Accumulated Depreciation-Vehicles 34,320 Notes Payable 74,800 Accounts Payable 69,080 { Common Shares 264,000 21 Retained Earnings 33,450 Sales Revenue 836,180 8: Sales Returns and Allowances 21,300 21300 Cost of Goods Sold 538,120 538120 Salaries and Wages Expense 132,000 132000 Advertising Expense 40,830 40830 O Tune horot Utilities Expense 21,120 21120 Repairs and Maintenance Expense 28,250 28250 Travel Expense 41.100 41100 Rent Expense 56,320 56320 Totals $ 1,387,510 $ 1,387,510 Supplies Expense Depreciation Expense Interest Expense Interest Payable Totals $ $ Net Loss Adjusted Trial Balance Incon Cr. Dr. Cr. Dr. $ $ $ 110880 74800 69080 Income Statement Balance Sheet Dr. Cr. Dr. Cr. $ $ $ $ $ $ $ $