The trial balance of Gaolee Fashion Center contained the following accounts at November 30, 2022, the end of the company?s fiscal year.

Adjustment data:1. Customers used gift cards to purchase merchandise totaling $9,000.2. Inventory actually on hand is $88,400.

Instructionsa. Enter the trial balance on a worksheet, and complete the worksheet.b. Prepare a multiple-step income statement.c. Journalize the adjusting entries.d. Journalize the closing entries.

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Gaolee Fashion Center Trial Balance November 30, 2022 Debit Credit $ 20,700 Cash Accounts Receivable 30,700 Inventory 89,400 $ 20,000 Unearned Sales Revenue Accounts Payable 22,000 93,000 Owner's Capital Owner's Drawings 12,000 Sales Revenue 755,200 Sales Returns and Allowances 8,800 Cost of Goods Sold 497,400 Advertising Expense 24,400 Salaries and Wages Expense 140,000 Freight-Out 16,700 Rent Expense 33,100 Utilities Expense 14,000 Interest Expense 3,000 Totals $890,200 $890,200