The trial balance of Vaughn Fashion Center contained the following accounts at November 30, the end of the companys fiscal year.

VAUGHN FASHION CENTER TRIAL BALANCE NOVEMBER 30, 2017
		Debit			Credit
Cash		$33,410
Accounts Receivable		37,150
Inventory		48,450
Supplies		8,950
Equipment		139,900
Accumulated Depreciation-Equipment					$26,520
Notes Payable					54,450
Accounts Payable					51,950
Common Stock					93,450
Retained Earnings					11,450
Sales Revenue					765,360
Sales Returns and Allowances		4,200
Cost of Goods Sold		495,400
Salaries and Wages Expense		138,400
Advertising Expense		27,660
Utilities Expenses		15,600
Maintenance and Repairs Expense		12,100
Delivery Expense		16,700
Rent Expense		25,260
Totals		$1,003,180			$1,003,180

Adjustment data:

1.		Supplies on hand totaled $4,950.
2.		Depreciation is $16,890 on the equipment.
3.		Interest of $11,720 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.

A. Journalize the adjusting entries.

B. Prepare an adjusted trial balance.

C. Prepare a multiple-step income statement for the year.

D. Prepare a retained earnings statement for the year.

E. Prepare a classified balance sheet as of November 30, 2017.

F. Journalize the closing entries.

G. Prepare a post-closing trial balance.