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The trial balance of Bramble Fashion Center contained the following accounts at November 30, the end of the company's fiscal year. BRAMBLE FASHION CENTER Trial
The trial balance of Bramble Fashion Center contained the following accounts at November 30, the end of the company's fiscal year. BRAMBLE FASHION CENTER Trial Balance November 30, 2022 Debit Credit Cash $ 21,100 Accounts Receivable 28,400 Inventory 45,800 Supplies 6,200 Equipment 132,000 Accumulated Depreciation-Equipment $ 29.000 Notes Payable 51,500 Accounts Payable 54,100 Owner's Capital 91,500 Owner's Drawings 12,000 Sales Revenue 755.200 Sales Returns and Allowances 9,000 Cost of Goods Sold 497.000 Salaries and Wages Expense 139.600 Advertising Expense 24.400 Utilities Expense 13,600 Maintenance and Repairs Expense 12,000 Freight-out 16,600 Rent Expense 23,600 Totals $981,300 $981,300 Adjustment data: 1. Supplies on hand totaled $2,250. 2. Depreciation is $11,300 on the equipment. 3. Interest of $5.550 is accrued on notes payable at November 30. 4. Inventory actually on hand is $45,500.Prepare an owner's equity statement for the year. BRAMBLE FASHION CENTER Owner's Equity Statement For the Year Ended November 30, 2022 Owner's Capital, December 1, 2021 91500 Less Net Income / (Loss) -1700 Drawings -12000 -13700 Owner's Capital, November 30, 2022 77800Prepare a classified balance sheet as of November 20, 2022. Notes payable of $18,000 are due in January 2023. (List Current Assets in order of liquidity) BRAMBLE FASHION CENTER Balance Sheet v Assets $ v Liabilities and Owner's Equity v v
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