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

KINGBIRD FASHION CENTER TRIAL BALANCE NOVEMBER 30, 2020

Debit

Credit

Cash$33,600

Accounts Receivable37,300

Inventory48,600

Supplies9,100

Equipment140,200

Accumulated Depreciation-Equipment$26,600

Notes Payable54,600

Accounts Payable52,100

Common Stock93,600

Retained Earnings11,600

Sales Revenue765,700

Sales Returns and Allowances4,200

Cost of Goods Sold495,400

Salaries and Wages Expense138,200

Advertising Expense27,700

Utilities Expenses15,800

Maintenance and Repairs Expense12,100

Delivery Expense16,700

Rent Expense25,300

Totals

$1,004,200

$1,004,200

Adjustment data:

1.Supplies on hand totaled $5,100.

2.Depreciation is $16,950 on the equipment.

3.Interest of $10,090 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.

*(b)

Prepare an adjusted trial balance.

KINGBIRD FASHION CENTER Adjusted Trial Balance
	Debit		Credit
	$		$
Total	$		$