Question

The trial balance of Sweet Fashion Center contained the following accounts at November 30, the end of the companys fiscal ye

Adjustment data: 1. Supplies on hand totaled $5,220. 2. Depreciation is $17,040 on the equipment. 3. Interest of $12,030 is a

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Answer #1
1 Nov 30 Supplies expense 4000 =9220-5220
      Supplies 4000
2 Nov 30 Depreciation expense 17040
       Accumulated Depreciation-Equipment 17040
3 Nov 30 Interest expense 12030
       Interest payable 12030
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