OURCES S sing Problem 5-05A a-e The trial balance of Pronghorn Fashion Center contained the following accounts at November 30, the end of the company's fiscal year. PRONGHORN FASHION CENTER Trial Balance November 30, 2020 C Cash Debit $ 20,200 Credit 93 Accounts Receivable 30,600 Inventory 43,700 D Supplies 6,100 Equipment 133,000 v Study Accumulated Depreciation-Equipment $30,000 Notes Payable 51,500 Accounts Payable 53,900 Owner's Capital 89,500 Owner's Drawings 10,500 Sales Revenue 755,400 Sales Returns and Allowances 8,900 Cost of Goods Sold 497,000 Salaries and Wages Expense 139,800 Advertising Expense: 24,100 Utilities Expense 13,800 Maintenance and Repairs Expense 12,000 Freight-out 16,500 24,100 Rent Expense Totals $980,300 $980,300 Adjustment data: 1. Supplies on hand totaled $2,150. 2. Depreciation is $11,300 on the equipment. 3. Interest of $5,050 is accrued on notes payable at November 30. CALCULATOR PRINTS 13,800 Maintenance and Repairs Expense 12,000 Freight-out 16,500 Rent Expense 24,100 Totals $980,300 $980,300 Adjustment data: 1. Supplies on hand totaled $2,150. 2. Depreciation is $11,300 on the equipment. 3. Interest of $5,050 is accrued on notes payable at November 30. 4. Inventory actually on hand is $43,400. Complete the worksheet. PRONGHORN FASHION CENTER Worksheet Trial Balance Adjustments Adj. Trial Balance Income S Account Titles Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cash $20,200 Accounts Receivable 30,600 Inventory 43,700 Supplies 6,100 Equipment 133,000 Accum. Depreciation-Equipment $30,000 PRONGHORN FASHION CENTER Worksheet Adj. Trial Balance Trial Balance Adjustments Account Titles Dr. Cr. Dr. Cr. Dr. Cash $20,200 $ Accounts Receivable 30,600 Inventory W Supplies 43,700 6,100 Equipment 133,000 Accum. Depreciation-Equipment $30,000 Notes Payable 51,500 Accounts Payable 53,900 Owner's Capital 89,500 Owner's Drawings 10,500 Sales Revenue 755,400 Sales Returns and Allowances 8,900 Cost of Goods Sold 497,000 Salaries and Wages Expense 139,800 Advertising Expense 24,100 MacBook Pro Income Statement Cr. Dr. BACK Balance Sheet Cr. Dr. Cr Sales Revenue 755,400 . ing Sales Returns and Allowances 1,900 Cost of Goods Sold 497,000 DAKS A Salanes and Wages Expense 139,800 193 Advertising Expense 24,100 LA Utilities Expense 13,800 by Study Maintenance and Repairs Expense 12,000 Freight-Out- 16,500 Rent Expense 24,100 $980,300 $980,300 Totals Supples Expense Depreciation Expense Interest Expense Interest Payable Totals Net Loss Total LINK TO TEXT LIND TEXT LINK TO TEXT MacBook Pro CALCULATOR PRINTER VER TRACK Prepare a multiple-step income statement for the year. (Enter negative amounts using either a negative sign preceding the number eg-45 or parentheses (433) PRONGHORN FASHION CENTER Income Statement CES CALCULATE dy LINK TO TEXT LINK TO TEXT LINK TO TEXT Prepare an owner's equity statement for the year. PRONGHORN FASHION CENTER Owner's Equity Statement LINK TO TEXT LINK TO TEXT LINK TO TEXT Prepare a classified balance sheet as of November 30, 2019. Notes payable of $18,500 are due in January 2020. (List Current Assets in order PRONGHORN FASHION CENTER Balance Sheet Assets CES dy CALCULATOR PRINTER Prepare a classified balance sheet as of November 30, 2019. Notes payable of $18,500 are due in January 2020. (List Current Assets in order of liquidity) PRONGHORN FASHION CENTER Balance Sheet Assets Liabilities and Owner's Equity Liabilities and Owner's Equity LINK TO TEXT LINK TO TEXT LINK TO TEXT Journalize the adjusting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 1. Nov. 30 CALM LINK TO TEXT LINK TO TEXT LINK TO TEXT Journalize the adjusting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 1. Nov. 30 (To adjust supplies expense) 2. Nov. 30 3. Nov. 30 4. Nov. 30 (To adjust depreciation on equipment) (To adjust interest expense) (To adjust merchandise inventory) LINK TO TEXT LINK TO TEXT LINK TO TEXT Journalize the closing entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit CA Journalize the closing entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Nov. 30 Nov. 30 (To close accounts with credit balances) (To close accounts with debit balances). Debit Credit CA By Nov. 30 (To close accounts with debit balances) Nov. 30 (To close net income/(loss)) (To close drawings) LINK TO TEXT LINK TO TEXT LINK TO TEXT Prepare a post-closing trial balance. PRONGHORN FASHION CENTER Post-Closing Trial Balance Debit Credit ES Prepare a post-closing trial balance. PRONGHORN FASHION CENTER Post-Closing Trial Balance Debit Credit Totals Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT LINK TO TEXT LINK TO TEXT