Problem 3-04 The trial balance of Wildhorse Fashion Center contained the following accounts at November 30, the end of the company's fiscal year. RESOURCES w 3-05 3.19 3-20 3-04 (Part bmission) 3-04 Credit ore sults by Study WILDHORSE FASHION CENTER TRIAL BALANCE NOVEMBER 30, 2020 Debit Cash $33,500 Accounts Receivable 37,210 Inventory 48,510 Supplies 9,010 Equipment 140,020 Accumulated Depreciation Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Sales Revenue Sales Returns and Allowances 4,200 Cost of Goods Sold 495,400 Salaries and Wages Expense 138,320 Advertising Expense 27,690 Utilities Expenses 15,680 Maintenance and Repairs Expense 12,100 Delivery Expense 16,700 Rent Expense 25,290 Totals $1,003,630 $26,580 54,510 52,010 93,510 11,510 765,510 $1,003,630 Adjustment data: 1. Supplies on hand totaled $5.010. RESOURCES 05 18 20 34 (Part ission) Adjustment data: 1. Supplies on hand totaled $5,010. 2. Depreciation is $16,935 on the equipment. 3. Interest of $11,120 is accrued on notes payable at November 30. Other data: 1. Salaries expense is 70% selling and 30% administrative. 2. Rent expense and utilities expenses are 80% selling and 20% administrative. 3. $30,000 of notes payable are due for payment next year. 4. Maintenance and repairs expense is 100% administrative. Its by Study Journalize the adjusting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter o for the amounts. Record journal entries in the order presented in the problem.) No. Date Account Titles and Explanation Debit Credit 1. Nov. 30 2. Nov. 30 3. Nov. 30 CES Prepare an adjusted trial balance. WILDHORSE FASHION CENTER Adjusted Trial Balance Debit Credit Study. CALCULATOR PRINTER VERSION E URCES rt Study Total Prepare a multiple-step income statement for the year. (ignore income taxes) (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) WILDHORSE FASHION CENTER Income Statement Selling expenses CALCULATOR PRINTER VERSION BACK NEX Administrative expenses s Prepare retained earnings statement for the year. WILDHORSE FASHION CENTER Retained Earnings Statement dy SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT Prepare a classified balance sheet as of November 30, 2020. (List current assets in order of liquidity.) WILDHORSE FASHION CENTER Balance Sheet Assets