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SWEET FASHION CENTER TRIAL BALANCE NOVEMBER 30, 2017 Debit Credit Cash $33,770 Accounts Receivable 37,390 Inventory 48,690 Supplies 9,190 Equipment 140,380 Accumulated Depreciation-Equipment $26,760 Notes
SWEET FASHION CENTER TRIAL BALANCE NOVEMBER 30, 2017 | ||||||
Debit | Credit | |||||
Cash | $33,770 | |||||
Accounts Receivable | 37,390 | |||||
Inventory | 48,690 | |||||
Supplies | 9,190 | |||||
Equipment | 140,380 | |||||
Accumulated Depreciation-Equipment | $26,760 | |||||
Notes Payable | 54,690 | |||||
Accounts Payable | 52,190 | |||||
Common Stock | 93,690 | |||||
Retained Earnings | 11,690 | |||||
Sales Revenue | 765,960 | |||||
Sales Returns and Allowances | 4,200 | |||||
Cost of Goods Sold | 495,400 | |||||
Salaries and Wages Expense | 138,080 | |||||
Advertising Expense | 27,780 | |||||
Utilities Expenses | 15,920 | |||||
Maintenance and Repairs Expense | 12,100 | |||||
Delivery Expense | 16,700 | |||||
Rent Expense | 25,380 | |||||
Totals | $1,004,980 | $1,004,980 |
Adjustment data:
1. | Supplies on hand totaled $5,190. | |
2. | Depreciation is $17,070 on the equipment. | |
3. | Interest of $10,440 is accrued on notes payable at November 30. |
Other data:
1. | Salaries expense is 70% selling and 30% administrative. | |
2. | Rent expense and utilities expenses are 80% selling and 20% administrative. | |
3. | $30,000 of notes payable are due for payment next year. | |
4. | Maintenance and repairs expense is 100% administrative. |
Prepare an adjusted trial balance.
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