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What would the entries be and the amounts for debit and credit? View Policies Current Attempt in Progress The trial balance of Metlock Fashion Center
What would the entries be and the amounts for debit and credit?
View Policies Current Attempt in Progress The trial balance of Metlock Fashion Center contained the following accounts at November 30, the end of the company's fiscal year Credit METLOCK FASHION CENTER TRIAL BALANCE NOVEMBER 30, 2020 Debit Cash $33,140 Accounts Receivable 36,970 Inventory 48.220 Supplies 8.770 Equipment 139.540 Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Sales Revenue Sales Returns and Allowances 4,200 Cost of Goods Sold 495.400 Salaries and Wages Expense 138,640 Advertising Expense 27.570 Utilities Expenses 15,360 Maintenance and Repairs Expense 12.100 Delivery Expense 16.700 Rent Expense 25.170 $1.001,830 $26,340 54.270 51.770 93.270 11.270 764.910 Totals $1.001,830 Adjustment data 1. Supplies on hand totaled $4.770. Depreciation is $16.755 on the equipment Interest of 511850 is accrued on cotes payable at November 30 2 Other data 1 Sataries opel yox eting and so administrative Rene and utilities were selling and 20% administrative $30,000 of notes publed for payment an Mace and repairs 100% administrative 4. Journal the titles. Credit accounts are automatically indented when amontis est. Do not inderd 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 for the amounts Record journal entries in the order presented in the problem.) Debit Credit No. Date Account Titles and Explanation Nov. 1 30 2 Nov 30 3 . Now 30 List of Accounts Step by Step Solution
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