+ Scanned Documents Assignment .edu.kw/pluginfile. php/529730/mod resource/content/0/Chapter%203%20TXT.pdf Instructions Prepare the adjusting entries at December 31, 2019. (Show all computations.) P34 (L02,3,4,5) (Financial Statements, Adjusting and Closing Entries) The trial balance of Belle- my Fashion Center contained the following accounts at November 30, the end of the company's fiscal year. Bellemy Fashion Center Trial Balance November 30, 2019 Debit Credit 28,700 33,700 45,000 5,500 133,000 Cash Accounts Receivable Ieventory Supplies Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Share Capital-Ordinary Retained Earnings Sales Revenue Sales Returns and Allowances Cost of Goods Sold Salaries and Wages Expense Advertising Expense Utilities Expense Maintenance and Repairs Expense Delivery Expense Rent Expense 24,000 51.000 48,500 90,000 8,000 757,200 4.200 495,400 140,000 26,400 14.000 12.100 16,700 24,000 978.700 978,700 Adjustment data 1. Supplies on hand totaled 1,500. 2. Depreciation is 15,000 on the equipment. 3. Interest of 11,000 is accrued on notes payable at November 30 Other data 1. Salaries and wages expense is 70% selling and 30% administrative. 2. Rent expense and utilities expense are 80 % selling and 20% administrative 3. 30,000 of notes payable are due for payment next year 4. Maintenance and repairs expense is 100% administrative. Instructions Journalize the adjusting entries b. Prepare an adjusted trial balance Prepare an inscome statement and retained earnings statement for the year and a classified statement of financial position as of November 30, 2019. d. Journalize the closing entries Prepare a post-closing trial balance. + Scanned Documents Assignment .edu.kw/pluginfile. php/529730/mod resource/content/0/Chapter%203%20TXT.pdf Instructions Prepare the adjusting entries at December 31, 2019. (Show all computations.) P34 (L02,3,4,5) (Financial Statements, Adjusting and Closing Entries) The trial balance of Belle- my Fashion Center contained the following accounts at November 30, the end of the company's fiscal year. Bellemy Fashion Center Trial Balance November 30, 2019 Debit Credit 28,700 33,700 45,000 5,500 133,000 Cash Accounts Receivable Ieventory Supplies Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Share Capital-Ordinary Retained Earnings Sales Revenue Sales Returns and Allowances Cost of Goods Sold Salaries and Wages Expense Advertising Expense Utilities Expense Maintenance and Repairs Expense Delivery Expense Rent Expense 24,000 51.000 48,500 90,000 8,000 757,200 4.200 495,400 140,000 26,400 14.000 12.100 16,700 24,000 978.700 978,700 Adjustment data 1. Supplies on hand totaled 1,500. 2. Depreciation is 15,000 on the equipment. 3. Interest of 11,000 is accrued on notes payable at November 30 Other data 1. Salaries and wages expense is 70% selling and 30% administrative. 2. Rent expense and utilities expense are 80 % selling and 20% administrative 3. 30,000 of notes payable are due for payment next year 4. Maintenance and repairs expense is 100% administrative. Instructions Journalize the adjusting entries b. Prepare an adjusted trial balance Prepare an inscome statement and retained earnings statement for the year and a classified statement of financial position as of November 30, 2019. d. Journalize the closing entries Prepare a post-closing trial balance