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There are two pictures, the maintenance and repairs expense is shown twice The trial balance of Skysong Fashion Center contained the following accounts at November
There are two pictures, the maintenance and repairs expense is shown twice
The trial balance of Skysong Fashion Center contained the following accounts at November 30 , the end of the company's fiscal year. Adjustment data: 1. Supplies on hand totaled $4,650. 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. (a) 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. List all debit entries before credit entries.)Step by Step Solution
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