Date Account Titles and Explanation Debit Credit Nov. 30 Nov. 30 (To close accounts with credit...

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Date Account Titles and Explanation Debit Credit Nov. 30 Nov. 30 (To close accounts with credit balances) I (To close accounts with debit balances) Nov. 30 (To close accounts with debit balances) Nov. 30 (To close net income/(loss)) (To close drawings) The trial balance of Blue Fashion Center contained the following accounts at November 30, the end of the company's fiscal year. BLUE FASHION CENTER Trial Balance November 30, 2022 Debit Credit Cash $21,800 Accounts Receivable 29.500 Inventory 44,200 Supplies 6,200 Equipment 130,000 Accumulated Depreciation-Equipment $25,000 Notes Payable 50,000 Accounts Payable 57,900 Owner's Capital 90,500 Owner's Drawings 10.500 Sales Revenue 755,200 Sales Returns and Allowances: 8.700 Cost of Goods Sold 497,000 Salaries and Wages Expense. 139,700 Advertising Expense 24,500 Utilities Expense 14,000 Maintenance and Repairs Expense 11,800 16.800 Freight-out Salaries and Wages Expense 139,700 Advertising Expense 24,500 Utilities Expense 14,000 Maintenance and Repairs Expense 11,800 Freight-out 16,800 Rent Expense 23,900 Totals $978,600 $978,600 Adjustment data: 1. Supplies on hand totaled $2,200. 2. Depreciation is $11,100 on the equipment. 3. Interest of $5,000 is accrued on notes payable at November 30. 4 Inventory actually on hand is $43,900. Journalize the closing entries. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Nov. 30 Nov. 30 (To close accounts with credit balances) Debit Credit Date Account Titles and Explanation Debit Credit Nov. 30 Nov. 30 (To close accounts with credit balances) I (To close accounts with debit balances) Nov. 30 (To close accounts with debit balances) Nov. 30 (To close net income/(loss)) (To close drawings) The trial balance of Blue Fashion Center contained the following accounts at November 30, the end of the company's fiscal year. BLUE FASHION CENTER Trial Balance November 30, 2022 Debit Credit Cash $21,800 Accounts Receivable 29.500 Inventory 44,200 Supplies 6,200 Equipment 130,000 Accumulated Depreciation-Equipment $25,000 Notes Payable 50,000 Accounts Payable 57,900 Owner's Capital 90,500 Owner's Drawings 10.500 Sales Revenue 755,200 Sales Returns and Allowances: 8.700 Cost of Goods Sold 497,000 Salaries and Wages Expense. 139,700 Advertising Expense 24,500 Utilities Expense 14,000 Maintenance and Repairs Expense 11,800 16.800 Freight-out Salaries and Wages Expense 139,700 Advertising Expense 24,500 Utilities Expense 14,000 Maintenance and Repairs Expense 11,800 Freight-out 16,800 Rent Expense 23,900 Totals $978,600 $978,600 Adjustment data: 1. Supplies on hand totaled $2,200. 2. Depreciation is $11,100 on the equipment. 3. Interest of $5,000 is accrued on notes payable at November 30. 4 Inventory actually on hand is $43,900. Journalize the closing entries. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Nov. 30 Nov. 30 (To close accounts with credit balances) Debit Credit