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The trial balance of Mr. Eko Fashion Center contained the following accounts at November 30, the end of the company's fiscal year. Cr.(Tk.) 3/6 28,000
The trial balance of Mr. Eko Fashion Center contained the following accounts at November 30, the end of the company's fiscal year. Cr.(Tk.) 3/6 28,000 51,000 48,500 90,000 MR. EKO FASHION CENTER Trial Balance November 30, 2019 Account Titles Dr.(Tk.) Cash 8,700 Accounts Receivable 30,700 Inventory 44,700 Supplies 6,200 Equipment 133,000 Accumulated Depreciation Equipment Notes Payable Accounts Payable Owner's Capital Owner's Drawings 12,000 Sales Revenue Interest Revenue Sales Returns and Allowances 8,800 Cost of Goods Sold 497,400 Salaries and Wages Expense 140,000 Advertising Expense 24,400 Utilities Expense 14,000 Maintenance and Repairs Expense 12,100 Freight-out 16,700 Rent Expense 24,000 Interest Expense 10,000 Gain on sales of furniture Total 2.82.700 755,200 5,000 5,000 2.82.700 Instructions: a) Prepare a multiple-step income statement and an owner's equity statement for the year, b) Prepare a classified balance sheet as of November 30, 2019. Notes payable of Tk. 20,000 is due in 2022
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