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Problem 5-05A a-e The trial balance of Ayayai Fashion Center contained the following accounts at Novem 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 Allowances 8,600 Cost of Goods Sold 497,000 Salaries and Wages Expense 139,600 Advertising Expense 24,400 Utilities Expense 13,900 Maintenance and Repairs Expense 12,200 $ 29,000 51,500 54,700 90,500 755,400 nere to search Prepare a multiple-step income statement for the year. (Enter negative amounts using eithe AYAYAI FASHION CENTER Income Statement For the Year Ended November 30, 2020 Total Revenues Sales Revenue 755400 Less Sales Returns and Allowances 8600 Net Sales 745800 Cost of Goods Sold 497000 Gross Profit 249800 Operating Expenses Salaries and wages Expense Advertising Expense Rabens narias Ernanca e to search Advertising Expense Rent Expense Utilities Expense eyn ody LINK TO TEXT LINK TO TEXT LINK TO TEXT ere to search Prepare an owner's equity statement for the year. AYAYAI 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 pavable of $21,000 are da AYAYAI FASHION CENTER e to search repare a dassified balance sheet as of November 30, 2019. Notes payable of $21,000 are due in January 2020. (LR AYAYAI FASHION CENTER Balance Sheet Assets Liabilities and Owner's Equity LIETOTECT TO TEXT LINK TO TEXT % . Date Account Titles and Explanation Debit Credit Nov. 30 Supplies Expense Supplies (To adjust supplies expense) 2. Nov. 30 Depreciation Expense Accumulated Depreciation-Equipment (To adjust depreciation on equipment) 3. Nov. 30 Interest Expense Interest Payable (To adjust interest expense) 4. Nov. 30 (To adjust merchandise inventory) LINK TO TEXT LINK TO TEXT LINK TO TEXT Search mplete the worksheet. AYAYAI FASHION CENTER Worksheet Trial Balance Adjustments Account Titles Adj. Trial Balance Income Statement Balance Sheet ash $21,900 ccounts Receivable 28,600 ventory 42,900 upplies 6,200 quipment 133,000 .com. Depreciation - Equipment $29,000 otes Payable 51,500 accounts Payable 54,700 Owner's Capital 90,500 arch 206 PM Udle HUULIL TIL di Lapalul Nov. 30 (To close accounts with credit balances) Nov. 30 Search o Ei E 9. (To dose accounts with debit balances) Nov. 30 (To cose net income / Closs)) Nov. 30 (To close drawings) LINK TO TEXT LINK TO TEXT Prepare a post-closing trial balance search Prepare a post-closing trial balance. AYAYAI FASHION CENTER Post-Closing Trial Balance Debit Credit e to search o ri E 9 INK TO TEXT Search Problem 5-05A a-e The trial balance of Ayayai Fashion Center contained the following accounts at Novem 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 Allowances 8,600 Cost of Goods Sold 497,000 Salaries and Wages Expense 139,600 Advertising Expense 24,400 Utilities Expense 13,900 Maintenance and Repairs Expense 12,200 $ 29,000 51,500 54,700 90,500 755,400 nere to search Prepare a multiple-step income statement for the year. (Enter negative amounts using eithe AYAYAI FASHION CENTER Income Statement For the Year Ended November 30, 2020 Total Revenues Sales Revenue 755400 Less Sales Returns and Allowances 8600 Net Sales 745800 Cost of Goods Sold 497000 Gross Profit 249800 Operating Expenses Salaries and wages Expense Advertising Expense Rabens narias Ernanca e to search Advertising Expense Rent Expense Utilities Expense eyn ody LINK TO TEXT LINK TO TEXT LINK TO TEXT ere to search Prepare an owner's equity statement for the year. AYAYAI 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 pavable of $21,000 are da AYAYAI FASHION CENTER e to search repare a dassified balance sheet as of November 30, 2019. Notes payable of $21,000 are due in January 2020. (LR AYAYAI FASHION CENTER Balance Sheet Assets Liabilities and Owner's Equity LIETOTECT TO TEXT LINK TO TEXT % . Date Account Titles and Explanation Debit Credit Nov. 30 Supplies Expense Supplies (To adjust supplies expense) 2. Nov. 30 Depreciation Expense Accumulated Depreciation-Equipment (To adjust depreciation on equipment) 3. Nov. 30 Interest Expense Interest Payable (To adjust interest expense) 4. Nov. 30 (To adjust merchandise inventory) LINK TO TEXT LINK TO TEXT LINK TO TEXT Search mplete the worksheet. AYAYAI FASHION CENTER Worksheet Trial Balance Adjustments Account Titles Adj. Trial Balance Income Statement Balance Sheet ash $21,900 ccounts Receivable 28,600 ventory 42,900 upplies 6,200 quipment 133,000 .com. Depreciation - Equipment $29,000 otes Payable 51,500 accounts Payable 54,700 Owner's Capital 90,500 arch 206 PM Udle HUULIL TIL di Lapalul Nov. 30 (To close accounts with credit balances) Nov. 30 Search o Ei E 9. (To dose accounts with debit balances) Nov. 30 (To cose net income / Closs)) Nov. 30 (To close drawings) LINK TO TEXT LINK TO TEXT Prepare a post-closing trial balance search Prepare a post-closing trial balance. AYAYAI FASHION CENTER Post-Closing Trial Balance Debit Credit e to search o ri E 9 INK TO TEXT Search