OURCES The trial balance of Ayayai Fashion Center contained the following accounts at November 30, the end of the company's fisc Credit AYAYAI FASHION CENTER Trial Balance November 30, 2020 Debit Cash $ 21,900 Accounts Receivable 28,600 Inventory 42,900 Supplies 6,200 Equipment 133,000 Accumulated Depreciation-Equipment Notes Payable Accounts Payable Owner's Capital Owner's Drawings 12,000 Sales Revenue Sales Returns and Ac ces 8,600 Cost of Goods Sold 497,000 Sales and Wages Expe 139.600 Excerse 24.400 13.900 12.200 Freight-out 16.800 24,000 $ 29,000 51,500 54,700 90,500 755.400 Credit Debit $ 21,900 28,600 42,900 6,200 133,000 $ 29,000 51,500 54,700 90,500 12,000 Cash Accounts Receivable Inventory Supplies Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Owner's Capital Owner's Drawings Sales Revenue Sales Returns and Allowances Cost of Goods Sold Salaries and Wages Expense Advertising Expense Utilities Expense Maintenance and Repairs Expense Freight-out Rent Expense Totals 755,400 udy 8,600 497,000 139,600 24,400 13,900 12,200 16,800 24,000 $991.100 $981.100 Adjustment data: be here to search O E 9 Adjustment data: 1. Supplies on hand totaled $2,150. 2. Depreciation is $11,400 on the equipment. 3. Interest of $4,550 is accrued on notes payable at November 30, 4. Inventory actually on hand is $42,600. Complete the worksheet. AYAYAI FASHION CENTER Worksheet Trial Balance Adjustments Adj. Trial Balance Account Titles Dr. Cr. Dr. Cash $21,900 Accounts Receivable 28,500 Inventory 42.900 Supplies E en 133.000 pe here to search Accum. Depreciation-Equipment $29,000 Notes Payable 51,500 Accounts Payable 54,700 Owner's Capital 90,500 Owner's Drawings 12,000 Sales Revenue 755,400 Sales Returns and Allowances 8,600 Cost of Goods Sold 497,000 Studi Salaries and Wages Expense 139,600 Advertising Expense 24,400 Utilities Expense 13,900 Maintenance and Repairs Expense 12,200 Freight-out 16,800 24,000 Type here to search 9 Is Weygandt, Accounting Principles, 13e JS Help System Announcements Totals $981,100 $981,100 Supplies Expense Depreciation Expense Interest Expense Interest Payable Totals Net Loss Totals LINK TO TEXT LINK TO TEXT LINK TO TEXT Prepare a multiple-step income statement for the year. (Enter negative amounts using either negative sign preceding the num AYAYAI FASHION CENTER Inc Statement For the Year Ended November 30, 2020 Type here to search AYAYAI FASHION CENTER Income Statement For the Year Ended November 30, 2020 Total Revenues Sales Revenue Less Sales Returns and Allowances Net Sales Cost of Goods Sold Study Gross Profit Operating Expenses Salaries and wages Expense Advertising Expense Rent Expense Type here to search RCES Operating Expenses Salaries and Wages Expense Advertising Expense Rent Expense Utilities Expense 1919 astry stute 10 Type here to search CES Prepare an owner's equity statement for the year. AYAYAI FASHION CENTER Owner's Equity Statement 41 s by Study LINK TO TEXT LINK TO TEXT LINK TO TEXT Prepare a classified balance sheet as of November 30, 2019. Notes payable of $21,000 are due in January 2020. (List Current Asse AYAYAI FASHION CENTER Balance Sheet Type here to search Prepare a cassified balance sheet as of November 30, 2019. Notes payable of $21,000 are due in January 2020. (List Current Assets AYAYAI FASHION CENTER Balance Sheet Liabilities and Owner's Equity LINK TO TEXT LINE 10 TEX N K 10 SEXT ipe here to search Debit Credit Journalize the adjusting entries. ( LUL SULUI No. Date Account Titles and Explanation 1. Nov. 30 Supplies Expense Supplies (To adjust supplies expense) 2. Nov. 30 Depreciation Expense Accumulated Depreciation Equipment (To adjust depreciation on equipment) Nov. 30 Interest Expense 3. s by Study Interest Payable To adjust interest expense) 4. Nov. 30 (To adjust merchandise inventory TV Type here to search Journalize the closing entries. (Credit account titles are automatically indented when amount is entered. Do not indent ma Date Account Titles and Explanation Debit Credit Nov. 30 (Todose accounts with credit balances) Nov. 30 to ESOURCES Nov. 30 (To cose net income (los)) Nov. 30 07 - 10 as (To close drawings) LINK TO TEXT LINK TO TEXT UNK TO TEXT 5-05A - ide Prepare a post-closing trial balance. esults by Study AYAYAI FASHION CENTER Post Closing Trial Balance Type here to search AYAYAI FASHION CENTER Post-Closing Trial Balance Debit Credit De here to search OtE9 OURCES The trial balance of Ayayai Fashion Center contained the following accounts at November 30, the end of the company's fisc Credit AYAYAI FASHION CENTER Trial Balance November 30, 2020 Debit Cash $ 21,900 Accounts Receivable 28,600 Inventory 42,900 Supplies 6,200 Equipment 133,000 Accumulated Depreciation-Equipment Notes Payable Accounts Payable Owner's Capital Owner's Drawings 12,000 Sales Revenue Sales Returns and Ac ces 8,600 Cost of Goods Sold 497,000 Sales and Wages Expe 139.600 Excerse 24.400 13.900 12.200 Freight-out 16.800 24,000 $ 29,000 51,500 54,700 90,500 755.400 Credit Debit $ 21,900 28,600 42,900 6,200 133,000 $ 29,000 51,500 54,700 90,500 12,000 Cash Accounts Receivable Inventory Supplies Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Owner's Capital Owner's Drawings Sales Revenue Sales Returns and Allowances Cost of Goods Sold Salaries and Wages Expense Advertising Expense Utilities Expense Maintenance and Repairs Expense Freight-out Rent Expense Totals 755,400 udy 8,600 497,000 139,600 24,400 13,900 12,200 16,800 24,000 $991.100 $981.100 Adjustment data: be here to search O E 9 Adjustment data: 1. Supplies on hand totaled $2,150. 2. Depreciation is $11,400 on the equipment. 3. Interest of $4,550 is accrued on notes payable at November 30, 4. Inventory actually on hand is $42,600. Complete the worksheet. AYAYAI FASHION CENTER Worksheet Trial Balance Adjustments Adj. Trial Balance Account Titles Dr. Cr. Dr. Cash $21,900 Accounts Receivable 28,500 Inventory 42.900 Supplies E en 133.000 pe here to search Accum. Depreciation-Equipment $29,000 Notes Payable 51,500 Accounts Payable 54,700 Owner's Capital 90,500 Owner's Drawings 12,000 Sales Revenue 755,400 Sales Returns and Allowances 8,600 Cost of Goods Sold 497,000 Studi Salaries and Wages Expense 139,600 Advertising Expense 24,400 Utilities Expense 13,900 Maintenance and Repairs Expense 12,200 Freight-out 16,800 24,000 Type here to search 9 Is Weygandt, Accounting Principles, 13e JS Help System Announcements Totals $981,100 $981,100 Supplies Expense Depreciation Expense Interest Expense Interest Payable Totals Net Loss Totals LINK TO TEXT LINK TO TEXT LINK TO TEXT Prepare a multiple-step income statement for the year. (Enter negative amounts using either negative sign preceding the num AYAYAI FASHION CENTER Inc Statement For the Year Ended November 30, 2020 Type here to search AYAYAI FASHION CENTER Income Statement For the Year Ended November 30, 2020 Total Revenues Sales Revenue Less Sales Returns and Allowances Net Sales Cost of Goods Sold Study Gross Profit Operating Expenses Salaries and wages Expense Advertising Expense Rent Expense Type here to search RCES Operating Expenses Salaries and Wages Expense Advertising Expense Rent Expense Utilities Expense 1919 astry stute 10 Type here to search CES Prepare an owner's equity statement for the year. AYAYAI FASHION CENTER Owner's Equity Statement 41 s by Study LINK TO TEXT LINK TO TEXT LINK TO TEXT Prepare a classified balance sheet as of November 30, 2019. Notes payable of $21,000 are due in January 2020. (List Current Asse AYAYAI FASHION CENTER Balance Sheet Type here to search Prepare a cassified balance sheet as of November 30, 2019. Notes payable of $21,000 are due in January 2020. (List Current Assets AYAYAI FASHION CENTER Balance Sheet Liabilities and Owner's Equity LINK TO TEXT LINE 10 TEX N K 10 SEXT ipe here to search Debit Credit Journalize the adjusting entries. ( LUL SULUI No. Date Account Titles and Explanation 1. Nov. 30 Supplies Expense Supplies (To adjust supplies expense) 2. Nov. 30 Depreciation Expense Accumulated Depreciation Equipment (To adjust depreciation on equipment) Nov. 30 Interest Expense 3. s by Study Interest Payable To adjust interest expense) 4. Nov. 30 (To adjust merchandise inventory TV Type here to search Journalize the closing entries. (Credit account titles are automatically indented when amount is entered. Do not indent ma Date Account Titles and Explanation Debit Credit Nov. 30 (Todose accounts with credit balances) Nov. 30 to ESOURCES Nov. 30 (To cose net income (los)) Nov. 30 07 - 10 as (To close drawings) LINK TO TEXT LINK TO TEXT UNK TO TEXT 5-05A - ide Prepare a post-closing trial balance. esults by Study AYAYAI FASHION CENTER Post Closing Trial Balance Type here to search AYAYAI FASHION CENTER Post-Closing Trial Balance Debit Credit De here to search OtE9