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The trial balance of Valdez Fashion Center contained the following accounts at November 30, the end of the companys fiscal year. For The Year Ended
The trial balance of Valdez Fashion Center contained the following accounts at November 30, the end of the companys fiscal year.
For The Year Ended Nov, 30 2015 | ||||||||||
Trial Balance | Adjusting Entries | Adjusted Trial Balance | Income Statement | Balance Sheet | ||||||
Debit | Credit | Debit | Credit | Debit | Credit | debit | credit | debit | credit | |
Cash | 8,990 | |||||||||
Accounst Receivable | 31,170 | |||||||||
Inventory | 43,210 | |||||||||
Supplies | 6,180 | |||||||||
Equipment | 135,800 | |||||||||
Accumulated Depreciation-Equipment | 28,440 | |||||||||
Notes Payable | 51,000 | |||||||||
Accounts Payable | 41,400 | |||||||||
Interest Payable | ||||||||||
Common Stock | 53,340 | |||||||||
Retained Earnings | 44,570 | |||||||||
Dividends | 12,930 | |||||||||
Sales Revenue | 755,900 | |||||||||
Sales Return and allowances | 8,780 | |||||||||
Cost of Good Sold | 497,300 | |||||||||
Salaries and Wages Expense | 139,700 | |||||||||
Advertising Expense | 24,260 | |||||||||
Utilities Expenses | 13,850 | |||||||||
Maintanance and Repairs Expenses | 11,890 | |||||||||
Freight out | 16,540 | |||||||||
Rent Expenses | 24,050 | |||||||||
Totals | 974,650,974,650 | |||||||||
Supplies Expense | ||||||||||
Depreciation Expense | ||||||||||
Interest Expense | ||||||||||
Net Loss | ||||||||||
Totals |
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