Question 7 of 7 0.87/3 = Question 7 of 7 25,320 Rent Expense Totals $1,004,080 $1,004,080 Adjustment data: 1 2 3. Supplies on hand totaled $5,070. Depreciation is $16,980 on the equipment Interest of $11,580 is accrued on notes payable at November 30. Other data: 1. 2 3. 4. Salaries expense is 70% selling and 30% administrative. 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. (a) Your answer is correct. Intense indit inte mat Donatindent manual Question 7 of 7 0.87/3 ili (a) Your answer is correct. 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 Supplies Expense 4000 Nov. 1. 30 Supplies 4000 2 Nov. 30 Depreciation Expense 16,980 Accumulated Depreciation Equipment 16,980 3 Nov. 30 Interest Expense 11.580 Interest Payable 11580 e Textbook and Media List of Accounts (b) Your Answer Correct Answer Your answer is correct. Prepare an adjusted trial balance. ORIOLE FASHION CENTER Adjusted Trial Balance November 30, 2020 Debit Credit Cash $ 33590 Accounts Receivable 37270 Inventory 48570 Supplies 5070 Equipment 140140 Accumulated Depreciation Equipment 43620 Notes Payable 54570 Question 7 of 7 0.87/3 Notes Payable 54570 Accounts Payable 52070 Common Stock 93570 Retained Earnings 11570 Sales Revenue 765660 Sales Returns and Allowances 4200 Cost of Goods Sold 495400 Salaries and Wages Expense 138240 Advertising Expense 27720 Utilities Expenses 15760 Maintenance and Repairs Expense 12100 Delivery Expense 16700 Rent Expense 25320 Depreciation Expense 16980 Supplies Expense 4000 0.87/3 > uestion 7 of 7 III Advertising Expense 27720 Utilities Expenses 15760 Maintenance and Repairs Expense 12100 Delivery Expense 16700 Rent Expense 25320 Depreciation Expense 16980 Supplies Expense 4000 Interest Expense 11580 Interest Payable 11580 Total 1032640 1032640 e Textbook and Media List of Accounts Attempts: 3 of 3 used (c1) Question 7 of 7 0.87/3 E (c1) 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 es. (451) ORIOLE FASHION CENTER Income Statement C Selling expenses $ 0.87/3 on 7 of 7 ORIOLE FASHION CENTER Income Statement > 0.87/3 Question 7 of 7 Selling expenses Administrative expenses Question 7 of 7 0.87/3 0.87/3 E Question 7 of 7 $ Administrative expenses 0.87/3 7 of 7 $ I