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SHAMROCK FASHION CENTER TRIAL BALANCE NOVEMBER 30, 2017 Debit Credit Cash $33,510 Accounts Receivable 37,240 Inventory 48,540 Supplies 9,040 Equipment 140,080 Accumulated Depreciation-Equipment $26,540 Notes

SHAMROCK FASHION CENTER TRIAL BALANCE NOVEMBER 30, 2017

Debit

Credit

Cash $33,510
Accounts Receivable 37,240
Inventory 48,540
Supplies 9,040
Equipment 140,080
Accumulated Depreciation-Equipment $26,540
Notes Payable 54,540
Accounts Payable 52,040
Common Stock 93,540
Retained Earnings 11,540
Sales Revenue 765,550
Sales Returns and Allowances 4,200
Cost of Goods Sold 495,400
Salaries and Wages Expense 138,280
Advertising Expense 27,670
Utilities Expenses 15,720
Maintenance and Repairs Expense 12,100
Delivery Expense 16,700
Rent Expense 25,270
Totals

$1,003,750

$1,003,750

Prepare a multiple-step income statement for the year.

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