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KINGBIRD FASHION CENTER TRIAL BALANCE NOVEMBER 30, 2020
		Debit			Credit
Cash		$33,600
Accounts Receivable		37,300
Inventory		48,600
Supplies		9,100
Equipment		140,200
Accumulated Depreciation-Equipment					$26,600
Notes Payable					54,600
Accounts Payable					52,100
Common Stock					93,600
Retained Earnings					11,600
Sales Revenue					765,700
Sales Returns and Allowances		4,200
Cost of Goods Sold		495,400
Salaries and Wages Expense		138,200
Advertising Expense		27,700
Utilities Expenses		15,800
Maintenance and Repairs Expense		12,100
Delivery Expense		16,700
Rent Expense		25,300
Totals		$1,004,200			$1,004,200

Adjustment data:

1.		Supplies on hand totaled $5,100.
2.		Depreciation is $16,950 on the equipment.
3.		Interest of $10,090 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.

Prepare an adjusted trial balance.

KINGBIRD FASHION CENTER Adjusted Trial Balance November 30, 2020Month Ended November 30, 2020Year Ended November 30, 2020
	Debit		Credit
	$		$

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