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The trial balance of Skysong Fashion Center contained the following accounts at November 30 , the end of the company's fiscal year. SKYSONG FASHION CENTER

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The trial balance of Skysong Fashion Center contained the following accounts at November 30 , the end of the company's fiscal year. SKYSONG FASHION CENTER TRIALBALANCE NOVEMBER 30,2020 Prepare a multiple-step income statement for the year, (ignore income taxes) (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Administrative expenses eTextbook and Media List of Accounts Savefor Later Attempts: unlimited 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 0 for the amounts. Record journal entries in the order presented in the problem.) Adjustment data: 1. Supplies on hand totaled $4,650. 2. Depreciation is $16,665 on the equipment. 3. Interest of $9,990 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. Selling expenses $ Administrative expenses Prepare an adjusted trial balance

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