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The trial balance of Crane Fashion Center contained the following accounts at November 30, the end of the company's fiscal year. Crane Fashion Center
The trial balance of Crane Fashion Center contained the following accounts at November 30, the end of the company's fiscal year. Crane Fashion Center Trial Balance November 30, 2025 Debit Credit Cash $32.700 Accounts Receivable 36.700 Inventory 48,000 Supplies 8.500 Equipment 139,000 Accumulated Depreciation-Equipment $26,000 Notes Payable $4,000 Accounts Payable 51,500 Common Stock 93.000 Retained Earnings 11.000 Sales Revenue 764.200 Sales Returns and Allowances 4,200 Cost of Goods Sold 495,400 Salaries and Wages Expense 139,000 Advertising Expense 27,400 Utilities Expenses 15,000 Maintenance and Repairs Expense 12.100 Delivery Expense 16,700 Rent Expense 25,000 $999,700 5999.700 Adjustment data: 1 Supplies on hand totaled $4,500. 2. Depreciation is $16.500 on the equipment. 3. Interest of $10.100 is accrued on notes payable at November Other data: 30. 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
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