Question

Credit TRIAL BALANCE NOVEMBER 30, 2020 Debit Cash $33,770 Accounts Receivable 37,390 Inventory 48,690 Supplies 9,190 Equipment 140,380 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 138,080 Advertising Expense 27,780 Utilities Expenses 15,920 Maintenance and Repairs Expense 12,100 Delivery Expense 16,700 Rent Expense 25,380 Totals $1,004,980 $26,760 54,690 52,190 93,690 11,690 765,960 $1,004,980

Answer 1

Credit No. 1 Debit 4,000 $ Date Account Titles and Explanation Nov. 30 Supplies Expensse Supplies (Being supplies expenses recorded) $ 4,000 $ 17,070 Nov. 30 Depreciation Expenses Accumulated Depreciation - equipment (Being depreciation expenses recorded) $ 17,070 3 $ 10,440 $ 10,440 Nov. 30 Interest Expenses Interest Payable (Being Interest Expenses recorded) Working Notes: Supplies Expense = $9,190 -$5,190 = $4.000 Credit SPLISH FASHION CENTER Adjusted Trail Balance NOVEMBER 30, 2020 Debit Cash $ 33,770 Accounts Receivables $ 37,390 Inventory $ 48,690 Supplies $ 5,190 Equipment $ 140,380 Accumulated Deprecition - Equipment Interest payable Accounts Payable $ $ $ 43,830 10,440 52,190

$ 54,690 $ 93,690 $ 11,690 $ 765,960 Notes payable Common stock Retained Earnings Sales Revenue Sales returns and allowences Cost of Goods Sold Salaries and wages Expenses Advertsing Expense Utilities Expense Maintenance and Repair expense Delivery Expense Depreciation Expense Supplies Expense Interest Expense Rent Expense Totals $ 4,200 $ 495,400 $ 138,080 $ 27,780 $ 15,920 $ 12,100 16,700 17,070 4,000 $ 10,440 $ 25,380 $1,032,490 $1,032,490 Accumulated Depreciation = $26,760+$17,070 = $43,830