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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 TRIAL BALANCE NOVEMBER 30, 2020 Debit Credit Cash $32.960 Accounts Receivable Inventory Supplies Equipment 36,850 48,150 8.650 139.300 Accumulated Depreciation-Equipment Notes Payable Accounts Payable $26.220 54,150 51.650 Common Stock 93.150 Retained Earnings 11.150) Sales Revenue 764,610 Sales Returns and Allowances 4.200 Cost of Goods Sold 495,400 Salaries and Wages Expense 138,800 Advertising Expense 27.510 Utilities Expenses 15.200 Question 1 of 11 Sales Revenue 1.43/10 E 764,610 Sales Returns and Allowances 4.200 Cost of Goods Sold 495,400 Salaries and Wages Expense 138,800 Advertising Expense 27,510 Utilities Expenses 15,200 Maintenance and Repairs Expense 12.100 Delivery Expense 16,700 Rent Expense 25.110 Totals $1,000,930 $1,000,930 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. Your answer is correct. 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.) No. Date Account Titles and Explanation Debit Credit Nov. 1. Supplies Expense 30 4,000 Supplies Nov. 2 8 Depreciation Expense 16665 30 Accumulated Depreciation Equipment Nov. 3 30 8 Interest Expense 9990 (b) Interest Paya eTextbook and Media List of Accounts 4,000 16.465 1,090 Attempts: unlimited Prepare an adjusted trial balance. SKYSONG FASHION CENTER Adjusted Trial Balance O Credit Debit Total I

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