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The trial balance of Windsor Fashion Center contained the following accounts at November 30, the end of the company's fiscal year. WINDSOR FASHION CENTER
The trial balance of Windsor Fashion Center contained the following accounts at November 30, the end of the company's fiscal year. WINDSOR FASHION CENTER TRIAL BALANCE NOVEMBER 30, 2020 Debit Credit Cash $33.050 Accounts Receivable 36.910 Inventory 48,210 Supplies 8,710 Equipment 139420 Accumulated Depreciation-Equipment $26.280 Notes Payable 54.210 Accounts Payable 51710 Common Stock 93.210 Retained Earnings 11.210 Sales Revenue 764.760 Sales Returns and Allowances 4,200 Cost of Goods Sold 495,400 Salaries and Wages Expense 138.720 Advertising Expense 27.540 Utilities Expenses 15,280 Maintenance and Repairs Expense 12,100 Delivery Expense 16.700 Rent Expense 25.140 Totals $1,001,380 $1,001,380 Adjustment data: 1. Supplies on hand totaled $4,710. 2 Depreciation is $16.710 on the equipment 3. Interest of $11.530 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
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