Question 4 of 5 -/1 View Policies Current Attempt in Progress The trial balance of Bramble Fashion Center contained the following accounts at November 30, the end of the company's fiscal year. BRAMBLE FASHION CENTER TRIAL BALANCE NOVEMBER 30, 2020 Debit Credit Cash $33,320 Accounts Receivable 37,090 48.390 8,890 139.780 Inventory Supplies Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable $ 26460 54,390 51,890 Common Stock 93,390 Retained Earnings 11,390 Sales Revenue 765,210 Sales Returns and Allowances 41200 Question 4 of 5 -/1 4.200 495,400 138,480 27.630 Sales Returns and Allowances Cost of Goods Sold Salaries and Wages Expense Advertising Expense Utilities Expenses Maintenance and Repairs Expense Delivery Expense Rent Expense Totals 15,520 12.100 16,700 25,230 $ 1,002.730 $ 1,002,730 Adjustment data: 1. 2. Supplies on hand totaled $ 4,890 Depreciation is $ 16,845 on the equipment. Interest of $ 10,310 is accrued on notes payable at November 30, 3. Other data: 1. Salaries expense is 70% selling and 30% administrative, Question 4 of 5 - /1 2. 3. Rent expense and utilities expenses are 80% selling and 20% administrative. $ 30,000 of notes payable are due for payment next year. Maintenance and repairs expense is 100% administrative. 4. 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 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 Question 4 of 5 -/1 Prepare an adjusted trial balance. BRAMBLE FASHION CENTER Adjusted Trial Balance Debit Credit $ $ MacBook Pro WP Assent payer U Question 4 of 5 -/1 Question 4 of 5 > ./1 E Total $ Pro Question 4 of 5 -/1 BRAMBLE FASHION CENTER Income Statement For the Quarter Ended November 30, 2020 . . . Selling expenses $ burday at My w Homework 2 NWP Assessment Player Ul AD C Get Question 4 of 5 BRAMBLE FASHION CENTER Retained Earnings Statement $ $ e Textbook and Media List of Accounts Prepare a classified balance sheet as of November 30, 2020. (List current assets in order of liquidity.) Question 4 of 5 -/1 E BRAMBLE FASHION CENTER Balance Sheet Assets $ : Liabilities and Stockholders' Equity uestion 4 of 5 - /1 Liabilities and Stockholders' Equity $ I . Question 4 of 5 -/1 Journalize the closing 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.) No. Date Account Titles and Explanation Debit Credit 1 Nov. 30 (To close accounts with credit balances) 2 Nov. 30 MacBook Pro Question 4 of 5
