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Please complete the chart that INCLUDES : Trial Balance, Adjustments (Dr. & Cr.) , Adj. Trial Balance (Dr. & Cr.) , Income Statement (Dr &
Please complete the chart that INCLUDES: Trial Balance, Adjustments (Dr. & Cr.), Adj. Trial Balance (Dr. & Cr.), Income Statement(Dr & Cr.), and Balance Sheet (Dr. and Cr.)
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, 2022 Debit Credit Cash $ 20,200 Accounts Receivable 30,600 Inventory 43,700 Supplies 6,100 Equipment 133,000 Accumulated Depreciation-Equipment $ 30,000 Notes Payable 51,500 Accounts Payable 53,900 Owner's Capital 89,500 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 Rent Expense 24.100 Totals $980,300 $980,300 Adjustment data: Adjustment data: 1. Supplies on hand totaled $2,150. Depreciation is $11,300 on the equipment 2. 3. Interest of $5,100 is accrued on notes payable at November 30. 4. Inventory actually on hand is $43,400. Complete the worksheet. Trial Balance Adjustments Account Titles Dr. Cr. Dr. Cr. Cash $20.200 $ $ Accounts Receivable 30.600 Inventory 43,700 300 Supplies 6.100 3950 Equipment 133,000 Accum. Depreciation-Equipment $30,000 11300 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 497,000 300 Salaries and Wages Expense 139,800 Advertising Expense 24,100 Utilities Expense 13.800 Maintenance and Repairs Expense 12.000 Freight-Out 16,500 Rent Expense 24.100 Totals $980,300 $980,300 Supplies Expense 3950 Depreciation Expense 11300 Interest Expense 5050 Interest Payable 5050 Interest Expense 5050 Interest Payable 5050 ch Totals $ 20600 $ 20600 Net Loss TotalsStep by Step Solution
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