The trial balance of Crane Fashion Center contained the following accounts at November 30, the end of the companys fiscal year.

CRANE FASHION CENTER TRIAL BALANCE NOVEMBER 30, 2020
		Debit			Credit
Cash		$32,700
Accounts Receivable		36,700
Inventory		48,000
Supplies		8,500
Equipment		139,000
Accumulated Depreciation-Equipment					$26,000
Notes Payable					54,000
Accounts Payable					51,500
Common Stock					93,000
Retained Earnings					11,000
Sales Revenue					764,200
Sales Returns and Allowances		4,200
Cost of Goods Sold		495,400
Salaries and Wages Expense		139,000
Advertising Expense		27,400
Utilities Expenses		15,000
Maintenance and Repairs Expense		12,100
Delivery Expense		16,700
Rent Expense		25,000
Totals		$999,700			$999,700

Adjustment data:

1.		Supplies on hand totaled $4,500.
2.		Depreciation is $16,500 on the equipment.
3.		Interest of $10,100 is accrued on notes payable at November 30.

Other data:

1.		Salaries expense is 70% selling and 30% administrative.
2.		Rent expense and utilities expenses 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.

(a)

Journalize the adjusting 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 0 for the amounts. Record journal entries in the order presented in the problem.)

No.	Date	Account Titles and Explanation	Debit	Credit
1.	Nov. 30
2.	Nov. 30
3.	Nov. 30

(b) Prepare an adjusted trial balance. CRANE FASHION CENTER Adjusted Trial Balance Debit Credit $ Total $ (c1) Prepare a multiple-step income statement for the year. (ignore income taxes) (Enter loss using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) CRANE FASHION CENTER Income Statement > > Selling expenses $