The trial balance of Bellemy Fashion Center contained the following accounts at November 30, the end of the companys fiscal year.

Bellemy Fashion Center Trial Balance November 30, 2020
		Debit		Credit
Cash		$ 28,700
Accounts Receivable		33,700
Inventory		45,000
Supplies		5,500
Equipment		133,000
Accumulated DepreciationEquipment				$ 24,000
Notes Payable				51,000
Accounts Payable				48,500
Common Stock				90,000
Retained Earnings				8,000
Sales Revenue				757,200
Sales Returns and Allowances		4,200
Cost of Goods Sold		495,400
Salaries and Wages Expense		140,000
Advertising Expense		26,400
Utilities Expenses		14,000
Maintenance and Repairs Expense		12,100
Delivery Expense		16,700
Rent Expense		24,000		000,000
		$978,700		$978,700

Adjustment data:

1. Supplies on hand totaled $1,500.

2. Depreciation is $15,000 on the equipment.

3. Interest of $11,000 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.

Instructions

a. Journalize the adjusting entries.

b. Prepare an adjusted trial balance.

c. Prepare a multiple-step income statement (ignore taxes) and retained earnings statement for the year and a classified balance sheet as of November 30, 2020.