Wildhorse Fashion Center Trial Balance November 30, 2025 Debit Credit Cash $33,500 Accounts Receivable 37,210 Inventory 48,510 Supplies 9,010 Equipment 140,020 Accumulated Depreciation-Equipment $26,580 Notes Payable 54,510 Accounts Payable 52.010 Common Stock 93,510 Retained Earnings 11.510 Sales Revenue 765,510 Sales Returns and Allowances 4,200 Cost of Goods Sold 495,400 Salaries and Wages Expense 138,320 Advertising Expense 27.690 Advertising Expense 27,690 Utilities Expenses 15,680 Maintenance and Repairs Expense 12,100 Delivery Expense 16,700 Rent Expense 25,290 $1,003,630 $1,003,630 Adjustment data: 1. Supplies on hand totaled $5,010. 2. Depreciation is $16,935 on the equipment. 3. Interest of $11,120 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. Depreciation expense is 100% selling. Retained Earnings, December 1, 2024 WILDHORSE FASHION CENTER Income Statement November 30, 2025 Sales Revenue Less Sales Returns and Allowances Net Sales Net Sales Cost of Goods Sold Gross Profit Selling expenses Salaries and Wages Expense Administrative Expenses Utilities Expenses Delivery Expense Delivery Expense Rent Expense Supplies Expense Administrative Expenses Total Selling Expenses - Administrative expenses Maintenance and Repairs Expense Depreciation Expense Interest Expense Salaries and Wages Expense Interest Expense Salaries and Wages Expense Rent Expense Net Income/(Loss) eTextbook and Media List of Accounts Saum fort ater Last saved 4 days ago. Attempts: 0 of 5 used Submit Answer