Complete the worksheet

Prepare an income statement

Prepare a retained earnings statement for the month of March

Prepare a classified balance sheet

Journalize the adjusting entries from the adjustments columns of the worksheet

Journalize the closing entries from the financial statement columns of the worksheet

The trial balance of Bramble Corp. contained the following accounts at November 30, the end of the company's fiscal year. Bramble adjusts its accounts annually and uses the perpetual inventory system. Bramble Corp. Trial Balance November 30, 2022 Debit Credit Cash $ 8,900 Accounts Receivable 28,300 Inventory 45,600 Supplies 6,000 Equipment 131,000 Accumulated Depreciation-Equipment $ 29,000 Notes Payable 51,500 Accounts Payable 52,600 Common Stock 40,000 Retained Earnings 40,000 Dividends 13,000 Sales Revenue 755,200 Sales Returns and Allowances 8,800 Dividends 13,000 Sales Revenue 755,200 Sales Returns and Allowances 8,800 Cost of Goods Sold 497,100 Salaries and Wages Expense 139,600 Advertising Expense 24,000 Utilities Expense 13,700 Maintenance and Repairs Expense 11,900 Freight-Out 16,400 Rent Expense 24,000 Totals $968,300 $968,300 Adjustment data: 1. Supplies on hand totaled $2,000. 2. Depreciation is $13,000 on the equipment. 3. Interest of $4,000 is accrued on notes payable at November 30. 4. Inventory actually on hand is $45,200. Account Titles Trial Balance Adjustments Dr. Cr. Dr. Cr. Cash $8,900 $ $ Accounts Receivable 28,300 Inventory 45,600 Supplies 6,000 Equipment 131,000 Accum. Depreciation Equipment $29,000 Notes Payable 51,500 Accounts Payable 52,600 Common Stock 40,000 Retained Earnings 40,000 Dividends 13,000 Dividends 13,000 Sales Revenue 755,200 Sales Returns and Allowances 8,800 Cost of Goods Sold 497,100 Salaries and Wages Expense 139,600 Advertising Expense 24,000 Utilities Expense 13,700 Maintenance and Repairs Expense 11,900 Freight-Out 16,400 Rent Expense 24,000 Totals $968,300 $968,300 Supplies Expense Depreciation Expense Freight-Out 16,400 Rent Expense 24,000 Totals $968,300 $968,300 Supplies Expense Depreciation Expense Interest Expense Interest Payable Totals $ $ Net Loss Totals Adj. Trial Balance Income Statement Dr. Cr. Dr. Cr. $ $ $ Income Statement Balance Sheet Dr. Cr. Dr. Cr. $ $ $ $ A $ $ to $ A $ A