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Problem 5-5A The trial balance of Valdez Fashion Center contained the following accounts at November 30, the end of the company's fiscal year VALDEZ FASHION

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Problem 5-5A The trial balance of Valdez Fashion Center contained the following accounts at November 30, the end of the company's fiscal year VALDEZ FASHION CENTER Trial Balance November 30, 2015 Debit Credit $ 8,840 29,910 42,110 6,060 135,100 Cash Accounts Receivable Inventory Supplies Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Dividends Sales Revenue Sales Returns and Allowances Cost of Goods Sold Salaries and Wages Expense Advertising Expense $26,790 51,000 43,200 52,050 40,950 11,350 755,600 8,790 497,300 139,800 24,180 13,670 12,130 16,550 23,800 ilities Expense Maintenance and Repairs Expense Freight-Out Rent Expense Totals $969,590 $969,590 Adjustment data 1. Supplies on hand totaled $2,130 2. Depreciation is $11,300 on the equipment. 3. Interest of $5,550 is accrued on notes payable at November 30 4. Inventory actually on hand is $41,710

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