The trial balance of Novak Fashion Center contained the following accounts at November 30, the end of the company's fiscal year. Novak Fashion Center Trial Balance November 30, 2025 Debit Credit Cash $33,780 Accounts Receivable 37,420 Inventory 48,720 Supplies 9,220 Equipment 140,440 Accumulated Depreciation-Equipment $26,720 Notes Payable 54,720 Accounts Payable 52,220 Common Stock 93,720 Retained Earnings 11,720 Sales Revenue 766,000 Sales Returns and Allowances 4,200 Cost of Goods Sold 495,400 Salaries and Wages Expense 138,040 Advertising Expense 27,760 Utilities Expenses 15,960 Utilities Expenses 15,960 Maintenance and Repairs Expense 12,100 Delivery Expense 16,700 Rent Expense 25,360 $1,005,100 $1,005,100 Adjustment data: 1. Supplies on hand totaled $5,220. 2. Depreciation is $17,040 on the equipment. 3. Interest of $12,030 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. 5. Depreciation expense is 100% selling. Journalize the adjusting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) Date Account Titles and Explanation Nov. 30 Cost of Goods Sold Supplies Nov. 30 Depreciation Expense Equipment Nov. 30 Interest Expense Notes Payable Debit 4000 17040 12030 Credit 4000 17040 12030 Journalize the closing entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Date Account Titles and Explanation Nov. 30 Nov. 30 (To close accounts with credit balances.) Debit Credit Prepare an adjusted trial balance. NOVAK FASHION CENTER Adjusted Trial Balance November 30, 2025 Cash Accounts Receivable Inventory Supplies Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Interest Payable Debit 33780 37420 48720 5220 140440 Credit 43760 54720 52220 12030 Interest Payable Common Stock Retained Earnings Sales Revenue Sales Returns and Allowances 4200 Cost of Goods Sold 495400 Salaries and Wages Expense 138040 Advertising Expense 27760 Utilities Expenses 15960 Maintenance and Repairs Expense 12100 Delivery Expense 16700 Rent Expense Supplies Expense Depreciation Expense Interest Expense 25360 4000 17040 12030 12030 93720 11720 766000 Nov. 30 (To close accounts with debit balances.) (To close net income/(loss).)