-75 Ivanhoe Store is located in midtown Madison. At the end of the company's fiscal year on November 30, 2022, the following accounts appeared in its preliminary adjusted trial balance. One adjustment remains to be made. Adjusted Adjusted Accounts Payable $ 25,600 Notes payable $37,500 Accounts Receivable 30,800 Owner's Capital 98,800 46,000 Accumulated Depr.--Equipment 10,500 Owner's Drawings 2,800 Cash 27,000 Prepaid Insurance 2,500 514,500 Cost of Goods Sold Property Tax Expense 2,500 6,100 Property Taxes Payable Freight-Out 15,000 146,500 Rent Expense Equipment 96,000 10,500 Salaries and Wages Expense Depreciation Expense 720,000 7,200 Sales Revenue Insurance Expense 11,000 6,200 Sales Commissions Expense Interest Expense 4,500 1,800 Sales Commissions Payable Interest Revenue 8,000 30,000 Sales Returns and Allowances Inventory 8,500 Utilities Expense FE 6 of 6 -75 Journalize the adjusting entry for Inventory. Inventory on hand is actually $ 28,500. (Credit account titles are automatically indented when amount is enterad. Do not indent manually.) Date Account Titles and Explanation Debit Credit Nov. 30 e Textbook and Media List of Accounts Prepare a multiple-step income statement. (List other revenues before other expenses.) IVANHOE STORE Income Statement -/5 = 12 P3 e search hop JUUTTANZE indent manually.) CITET TEST -75 E COOTERSTATE my mom DETECTED TO Date Account Titles and Explanation Debit Credit Nov. 30 (To close accounts with credit balances) Nov. 30 from o Di e ch (To close accounts with debit balances) Nov. 30 (To close net income / (loss)) Nov. 30 Bi e hp Question 6 of 6