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The trial balance of Martinez Fashion Center contained the following accounts at November 30, the end of the company's fiscal year. MARTINEZ FASHION CENTER Trial
The trial balance of Martinez Fashion Center contained the following accounts at November 30, the end of the company's fiscal year. MARTINEZ FASHION CENTER Trial Balance November 30, 2020 Debit Credit $ 21,700 30,800 46,000 6,000 134,000 Cash Accounts Receivable Inventory Supplies Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Owner's Capital Owner's Drawings Sales Revenue Sales Returns and Allowances Cost of Goods Sold Salaries and Wages Expense Advertising Expense Utilities Expense Maintenance and Repairs Expense Freight-out Rent Expense $ 30,000 51,500 60,800 89,000 11,500 755,600 8,800 497,500 139,800 24,200 14,000 11,900 16,800 23,900 $986,900 $986,900 Totals Adjustment data: 1. Supplies on hand totaled $2,100 2. Depreciation is $11,150 on the equipment 3. Interest of $4,750 is accrued on notes payable at November 30 For the Year Ended November 30, 2020 Trial Balance Adjustments Adj. Trial Balance Income Statement Balance Sheet Dr Cr Dr. Cr Dr. Cr Dr Cr. Cr. Account Titles $21,700 30,800 46,000 6,000 134,000 Cash Accounts Receivable 300 Supplies Equipment Accum. Depreciation-Equipment Notes Payable Accounts Payable Owner's Capital Owner's Drawings 3900 $30,000 51,500 60,800 89,000 11500 11,500 Sales Revenue 755,600 Sales Returns and Allowances Cost of Goods Sold Salaries and Wages Expense Advertising Expense Utilities Expense 8,800 497,500 139,800 24,200 14,000 Maintenance and Repairs Expense11,900 16,800 23,900 Freight-Out Rent Expense $986,900$986,900 Totals Supplies Expense Depreciation Expense Interest Expense Interest Payable Totals Net Loss Totals
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