Trial Balance November 30, 2022 Debit Credit Cash Accounts Receivable Inventory 33,330 37,120 48,420 Supplies 8,920 Equipment 139,840 Accumulated Depreciation-Equipment 26,420 Notes Payable 54,420 Accounts Payable Share Capital-Ordinary Retained Earnings 51,920 93,420 11,420 Sales Revenue 765,250 Sales Returns and Allowances 4,200 Cost of Goods Sold 495,400 Salaries and Wages Expense 138,440 Advertising Expense 27,610 Utilities Expense 15,560 Maintenance and Repairs Expense 12,100 Delivery Expense 16,700 Rent Expense 25,210 Totals 1,002,850 1,002,850 Adjustment data: 1. Supplies on hand totaled 4,920. 2. Depreciation is 16,815 on the equipment. 3. Interest of $10,640 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. 5. Supplies and depreciation are selling expenses. (a) Your answer is correct. Journalize the adjusting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no 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.) No. Date Account Titles and Explanation 1. Nov. 30 Supplies Expense Supplies Nov. 2. Depreciation Expense 30 Accumulated Depreciation-Equipment Nov. 3. Interest Expense 30 Interest Payable eTextbook and Media List of Accounts Debit 4,000 16,815 10,640 Credit 4,000 16,815 10,640 Cash 33,330 Accounts Receivable 37,120 Inventory Supplies Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Interest Payable Share Capital-Ordinary Retained Earnings Sales Revenue Sales Returns and Allowances Cost of Goods Sold 48,420 4,920 139,840 4,200 495,400 Salaries and Wages Expense 138,440 Advertising Expense Utilities Expense 27,610 15,560 Maintenance and Repairs Expense 12,100 Delivery Expense 16,700 Rent Expense 25,210 43,235 54,420 51,920 10,640 93,420 11,420 765,250 Interest Expense Depreciation Expense Supplies Expense Total 10,640 16.815 4,000 1030305 1030305 Prepare a classified statementof financial position as of November 30, 2022. (List current assets in reverse order of liquidity.) : VAUGHN FASHION CENTER Statement of Financial Position Assets Equity and Liabilities