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please answer before midnight:( The trial balance of Sarasota Fashion Center contained the following accounts at November 30, 2022, the end of the company's fiscal
please answer before midnight:(
The trial balance of Sarasota Fashion Center contained the following accounts at November 30, 2022, the end of the company's fiscal year. Credit SARASOTA FASHION CENTER Trial Balance November 30, 2022 Debit Cash $ 21,700 Accounts Receivable 28.000 Inventory 89.100 Unearned Sales Revenue Accounts Payable Owner's Capital Owner's Drawings 10,000 $ 20,000 22.400 88.000 Sales Revenue 755,800 Sales Returns and Allowances 8.900 Cost of Goods Sold 497,000 Advertising Expense 24,300 Salaries and Wages Expense 139.700 Freight-out 16,400 Rent Expense 33,500 Utilities Expense 13,900 Interest Expense 3,700 Totals $ 886,200 $886,200 Adjustment data: 1. Customers used gift cards to purchase merchandise totaling $ 9,000. 2. Inventory actually on hand is $ 88,400. SARASOTA FASHION CENTER Income Statement For the Year Ended November 30, 2022 Less Sales Returns and Allowances > e Textbook and Media List of Accounts Journalize the adjusting entries. (Credit account titles are automatically indented when amount is entered. Do not Indent manually) Date Account Titles and Explanation Debit Credit Nov 30 (To adjust Sales revenue) Nov 30 (To adjust Inventory) e Textbook and Media List of Accounts Step by Step Solution
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