The trial balance of Bellemy Fashion Center contained the following accounts at November 30, the end of the company's fiscal year. BELLEMY FASHION CENTER Trial Balance November 30, 2010 Debit Credit Cash $28,700 Accounts Receivable 33,700 Merchandise Inventory 45,000 Store Supplies 5,500 Store Equipment 85,000 Acc. Depreciation - Store Equipment $18,000 Delivery Equipment 48,000 Acc. Depreciation - Delivery Equipment 6,000 Notes Payable 51,000 Accounts Payable 48,500 Common Stock 90,000 Retained Earnings 8,000 Sales 757,200 Sales Returns and Allowances 4,200 Cost of Goods Sold 495,400 Salaries Expense 140,000 Advertising Expense 26,400 Utilities Expense 14,000 Repair Expense 12,100 Delivery Expense 16,700 Rent Expense 24,000 $978,700 $978,700 Adjustment data: Store supplies on hand totaled $1,500. Depreciation is $9,000 on the store equipment and $6,000 on the delivery equipment. Interest of $11,000 is accrued on notes payable at November 30. Other data: Salaries expense is 70% selling and 30% administrative. Rent expense and utilities expense are 80% selling and 20% administrative. $30,000 of notes payable are due for payment next year. Repair expense is 100% administrative. Journalize the adjusting entries. Prepare an adjusted trial balance Prepare a multiple-step income statement and retained earnings statement for the year and a classified balance sheet as of November 30, 2010. Journalize the closing entries Prepare a post-closing trial balance