Swifty Corporation
Trial Balance
November 30,2019
Cash	9,000
accounts Receivable	30,900
Inventory	44,800
Supplies	6,100
Equipment	130,000
Accum - depr - Equipment		25,000
Notes Payable		55,000
Accounts Payable		36,800
Common Stock		55,000
Retained Earnings		40,000
Dividends	11,000
Sales Revenue		756,000
Sales Returns and Allowances	8,900
Cost of goods sold	497,000
Salaries and Wages Expense	139,700
Advertising Expense	24,100
Utilities Expense	13,600
Maintenance and Repairs Expense	12,000
Freight-Out	16,800
Rent Expense	23,900
	967,800	967,800

1	Supplies on hand totaled $2,500.
2	Depreciation is $12,500 on the equipment
3	Interest of $5,000 is accrued on notes payable at November 30
4	Inventory actually on hand is $44,100
1	Journalize adjusting entries
2	Finish the spreadsheet
1	Prepaid an income statement, Retained earnings statement,
	and balance sheet. (notes payable 21,000 is current and 34,000 is long-term)
2	Journalize closing entries to close out year.

     

Transcribed Image Text:

Date Description Ref Debit Credit Date Description Ref Debit Credit

Answer rating: 100% (QA)

1 Journalizing the Adjusting Entries Date Particulars Debit Credit Nov 30 Supplies Expense 3600 Supplies 61002500 3600 Nov 30 Depreciation Expense 12500 Accumulated Depreciation Expense Equipment 1250... View the full answer