view roncies Current Attempt in Progress The trial balance of Novak Corp. contained the following accounts at November 30, the end of the company's fiscal year. The company uses the perpetual inventory system. Novak Corp. Trial Balance November 30, 2022 Debit Credit Cash Accounts Receivable Inventory Supplies Equipment $8,800 29,700 45.200 6.200 135,000 Accumulated Depreciation-Equipment $29,000 Notes Payable 51,000 Accounts Payable 50,400 Common Stock 45,000 Retained Earnings 40,000 Dividends 10,000 Sales Revenue 756,000 Sales Returns and Allowances 9,000 Cost of Goods Sold 497,100 Salaries and Wages Expense 139,800 Advertising Expense 24,000 Utilities Expense 13,900 Maintenance and Repairs Expense 11.800 Freight-Out 16,800 Rent Expense 24,100 Totals $971.400 $971.400 Adjustment data: 1 Supplies on hand totaled $2,200. 2 Depreciation is $13,000 on the equipment. 3. Interest of $4,000 is accrued on notes payable at November 30.1 4 Inventory actually on hand is $44,900. Complete the worksheet Account Tiles Trial Balance Antnes Dr. Dr Ca $4300 Accour Reivible 29700 Ivory Suppli 45,300 6300 C 135.000 Accum Deprecate-Cormed $29000 $1,000 Aloats Pantie Common Stock 50,400 45.000 0000 10.000 714000 1000 Cal of Geos feld 43,500 Salaries and Wagn 139300 24000 Ex 33700 $3000 Freight Our 24,300 Opilation Expen F 17400 71.400 MacBook Pro eTextbook and Media List of Accounts Propaneding the sta Moxa Carp Novak Corp MacBook Pro Prepare a classihed balance sheet as of November 30, 2022. Only notes payable of $18.000 are due in January 2023: all other notes payable are due in 2025. (Last Current Assets in order of liquidity) book and Media List of Accounts Novak Corp Balance Sheet Assets Liabilities and Stockholders' Equity List of Accounts 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) No. Date Account Titles and Explanation Debit Credit 1. Nov 30 (To adjust supplies expense) Nov. 2 30 3. Nov 30 (To adjust depreciation on equipment) 4. Nov 30 (To adjust interest expense) (To adjust merchandise inventory) eTextbook and Media List of Accounts Question 5 of 7 eTextbook and Media List of Accounts Journalize the closing 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) Date Account Titles and Explanation Debit Credit Nov. 30 Nov. 30 (To close accounts with credit balances) Nov. 30 (To close accounts with debit balances) Nov. 301 (To close net income/(loss)) (To close dividends) eTextbook and Media Prepare a post-closing trial balance Ta Textbook and Media Novak Corp Post-Closing Trial Balance Debit Credit