WINDSOR FASHION CENTER TRIAL BALANCE NOVEMBER 30, 2017 Debit Credit $33,420 37,180 48,480 8,980 139,960 Accounts Receivable Inventory Supplies Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Sales Revenue Sales Returns and Allowances Cost of Goods Sold Salaries and Wages Expense Advertising Expense Utilities Expenses Maintenance and Repairs Expense Delivery Expense Rent Expense Totals $26,480 54,480 51,980 93,480 11,480 765,400 4,200 495,400 138,360 27,640 15,640 12,100 16,700 25,240 $1,003,300 $1,003,300 WINDSOR FASHION CENTER Adjusted Trial Balance November 30, 2017 Debit Credit Cash 33420 Accounts Receivable Inventory 37180 48480 Supplies Equipment Accumulated Depreciation-Equipment Notes Payable 8980 139960 26480 54480 Delivery Expense Rent Expense Supplies Expenses 16700 25240 4000 Depreciation Expense 16845 Interest Expense 10490 Interest Payable 10490 Total 1013790 1013790 For the Year Ended November 30, 2017 Income from Operations Sales Revenue 765400 Less Sales Returns and Allowances 4200 Salaries and Wages Expense 96852 Advertising Expense 27640 Rent Expense 25240 Delivery Expense 16700 Utilities Expenses 15640 Depreciation Expense 16845 Supplies Expenses 4000 Total Selling Expenses 202917 AdmminIStrative EXpenses Salaries and Wages Expense Maintenance and Repairs Expense Rent Expense 41508 12100 10490 5048 Utilities Expenses 12512 Total Administrative Expenses 71168 Total Operating Expenses 274085 Income from Operations 8285 Other Expenses and Losses Interest Expense 10490 Net Income/ (Loss) (2205) WINDSOR FASHION CENTER Retained Earnings Statement For the Year Ended November 30, 2017 Retained Earnings, December 1, 2016 Add Net Income / (Loss) Retained Earnings, November 30, 2017 11480 (2205) 9275 CALCULATOR MESSA For the Year Ended November 30, 2017 Assets Current Assets Cash 33420 Accounts Receivable 37180 Inventory 48480 Supplies 8980 Total Current Assets 128060 Property, Plant and Equipment Equipment 139960 Less 26480 113480 Accumulated Depreciation Total Assets 241540 Current Liabilities Accounts Payable 51980 Notes Payable 54480 Interest Payable 10490 Total Current Liabilities 116950 Long-term Liabilities Notes Payable 54480 Total Liabilities 171430 Stockholders' Equity Common Stock 93480 Retained Earnings 11480 Total Stockholders' Equity 104960 Common Stock 93480 Retained Earnings 11480 Total Stockholders' Equity 104960 Total Liabilities and Stockholders' Equity 276390 2. Nov. 30 Income Summary 767605 Sales Returns and Allowances 4200 Nov. 30 Retained Earnings 2205 Income Summary 2205 (To close net income / (loss).)