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The trial balance of Marigold Fashion Center contained the following accounts at November 3 0 , the end of the company s fiscal year. MARIGOLD

The trial balance of Marigold Fashion Center contained the following accounts at November 30, the end of the companys fiscal year.
MARIGOLD FASHION CENTER
TRIAL BALANCE
NOVEMBER 30,2020
Debit
Credit
Cash $32,870
Accounts Receivable 36,790
Inventory 48,090
Supplies 8,590
Equipment 139,180
Accumulated Depreciation-Equipment $26,160
Notes Payable 54,090
Accounts Payable 51,590
Common Stock 93,090
Retained Earnings 11,090
Sales Revenue 764,460
Sales Returns and Allowances 4,200
Cost of Goods Sold 495,400
Salaries and Wages Expense 138,880
Advertising Expense 27,480
Utilities Expenses 15,120
Maintenance and Repairs Expense 12,100
Delivery Expense 16,700
Rent Expense 25,080
Totals
$1,000,480
$1,000,480
Adjustment data:
1. Supplies on hand totaled $4,590.
2. Depreciation is $16,620 on the equipment.
3. Interest of $10,260 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.

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