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The trial balance of Bramble Fashion Center contained the following accounts at November 30, the end of the companys fiscal year. BRAMBLE FASHION CENTER TRIAL

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

BRAMBLE FASHION CENTER TRIAL BALANCE NOVEMBER 30, 2020

Debit

Credit

Cash $33,320
Accounts Receivable 37,090
Inventory 48,390
Supplies 8,890
Equipment 139,780
Accumulated Depreciation-Equipment $26,460
Notes Payable 54,390
Accounts Payable 51,890
Common Stock 93,390
Retained Earnings 11,390
Sales Revenue 765,210
Sales Returns and Allowances 4,200
Cost of Goods Sold 495,400
Salaries and Wages Expense 138,480
Advertising Expense 27,630
Utilities Expenses 15,520
Maintenance and Repairs Expense 12,100
Delivery Expense 16,700
Rent Expense 25,230
Totals

$1,002,730

$1,002,730

Adjustment data:

1. Supplies on hand totaled $4,890.
2. Depreciation is $16,845 on the equipment.
3. Interest of $10,310 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 a post-closing trial balance.

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