Question 5 of 19 - / 40 Cullumber Store is located in midtown Madison. During the past several years, net income has been declining because of suburban shopping centers. At the end of the company's fiscal year on November 30, 2022, the following accounts appeared in two of its trial balances Unadjusted Adjusted Unadjusted Adjusted $36,000 $36,000 $25,200 Notes payable Accounts Payable Accounts Receivable Accumulated Depr.-Equipment $25,200 30,800 30.800 88,800 88.800 34.000 45,000 9.500 9,500 Cash 25.500 25.500 10,300 2,600 Cost of Goods Sold 506,000 506,000 2,500 6,300 6,300 2,500 147.000 147,000 Owner's Capital Owner's Drawings Prepaid Insurance Property Tax Expense Property Taxes Payable Rent Expense Salaries and Wages Expense Sales Revenue Sales Commissions Expense Sales Commissions Payable Sales Returns and Allowances 15,000 15,000 11,000 96,000 Freight-Out Equipment Depreciation Expense Insurance Expense Interest Expense Interest Revenue 96,000 7.700 720,000 720,000 6,500 6.500 6,500 11,000 1.900 1.900 4.500 Inventory 30,000 30,000 8,000 8,000 Utilities Expense 8.500 8.500 Question 5 of 19 - / 40 $ wil.com NARA + Exam 2 Fall 2021 Question 5 of 19 Prepare owner's coutent that increase in sequity flest CULLUMBER STORE Owner's Equity Statement List of Accounts Preparate sheet Notele wedu in 2005. Current Assets is onder die MacBook Pro es Q a . @ $ 4 1 % 5 N 3 6 Q E R T A A S D F G Cock N V B CULLUMBER STORE Balance Sheet Assets . $ Question 5 of 19 -/40 Liabilities and Owner's Equity $ . List of Accounts Journalize the adjusting entries that were made. (List all debit entries before credit 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.) Date Credit Debit Account Titles and Explanation Nov. 30 (To adjust depreciation on equipment) Nov. 30 (To adjust insurance expense) Nov. 30 (To adjust property tax expense) Nov. 30 (To adjust sales commissions expense) automatically indented when amount is entered. Do not indent manually. I no entry is required, select 'No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Nov. 30 (To close accounts with credit balances) Nov. 30 Question 5 of 19