Problems: Set A 5-49 Credit Gaolee Fashion Center Trial Balance November 30, 2020 Debit Cash $ 20,700 Accounts Receivable 30,700 Inventory 44,700 Supplies 6,200 Equipment 133.00) Accumulated Depreciation--Equipment Notes Payable Accounts Payable Owner's Capital Owner's Drawings 12.000 Sales Revenue Sales Returns and Allowances 8.800 Cost of Goods Sold 497.400 Salaries and Wages Expense 140,000 Advertising Expense 24.400 Utilities Expense 14,000 Maintenance and Repairs Expense 12.100 Freight-Out 16,700 Rent Expense 24.0XXO Totals $984,700 $ 28,000 60,000) 48.500 93.00) 755,200 $984,700 Adjustment data: 1. Supplies on hand totaled $2.600 2. Depreciation is $11.500 on the equipment 2. Interest of $3,800 is accrued on notes payable at November 30, 4. Inventory actually on hand is $44.400 Instructions Enter the trial balance on a worksheet, and complete the worksheet 1. Prepare a multiple-step income statement and an owner's equity statement for the year, and a classified balance sheet as of November 30, 2020. Notes payable of $20.000 are duc in January 2021 c. Joumalize the adjusting entries d. Journalive the chang entries e. Prepare a post.closing trial balance a. Adj trial balance $1,000,000 Net loss 51.400 Gross profit $248,700 Total assets 5191 900