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The trial balance of Whispering Fashion Center contained the following accounts at November 30 , the end of the company's fiscal year. Adjustment data: 1.
The trial balance of Whispering Fashion Center contained the following accounts at November 30 , the end of the company's fiscal year. Adjustment data: 1. Supplies on hand totaled $4,800. 2. Depreciation is $16,725 on the equipment. 3. Interest of $10,990 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. Journalize the adjusting entries. (Credit account titles are outomatically indented when amount is entered. Do not indent manually . If no entry is required, select "No entry" for the occount titles and enter O for the amounts. Record journal entries in the order presented in the problem:)
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