The trial balance of Monty Corp. contained the following accounts at November 30, the end of the company's fis Monty Corp. Trial Balance November 30, 2020 Credit Debit $ 8,700 28,200 42,400 6,200 136,000 Cash Accounts Receivable Inventory Supplies Equipment Accumulated Depreciation Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Dividends Sales Revenue Sales Returns and Allowances Cost of Goods Sold Salaries and Wages Expense Advertising Expense Utilities Expense Maintenance and Repairs Expense Freight-Out $ 28,000 50,500 36,100 60,000 40,000 12,000 755,200 9,000 497,500 139,800 24,100 13,600 12,000 16,400 23,900 $969,800 Rent Expense Totals $969,800 Adjustment data: 1. Supplies on hand totaled $2,300. 2. Depreciation is $13,500 on the equipment. 3. Interest of $4,000 is accrued on notes payable at November 30. 4. Inventory actually on hand is $41,900. Monty Corp. Worksheet Account Titles Adjustments Adj. Trial Balance Income Statement Balance Sheet Trial Balance Dr. Cr. Dr. Dr. Dr. Dr. Cr Cash $8,700 Accounts Receivable 28,200 Inventory 42,400 Supplies 6,200 Equipment 136,000 Accum. Depreciation Equipment $28,000 Notes Payable 50,500 Accounts Payable 36,100 Common Stock 60,000 Retained Earnings 40,000 Dividends 12,000 Sales Revenue 755,200 Sales Returns and Allowances 9,000 Cost of Goods Sold 497,500 Salaries and Wages Expense 139,800 Advertising Expense 24,100 Utilities Expense 13,600 Maintenance and Repairs Expense 12,000 Freight-Out 16,400 Rent Expense 23,900 Totals $969,800 $969,800 Supplies Expense Depreciation Expense Interest Expense Interest Payable Totals Net Loss Totals