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Problem 3-4The trial balance of Blossom Fashion Center contained thefollowing accounts at November 30, the end of the company’s fiscalyear.BLOSSOM FASHION CENTERTRIAL BALANCENOVEMBER 30, 2017DebitCreditCash$33,770Accounts Receivable37,390Inventory48,690Supplies9,190Equipment140,380Accumulated Depreciation-Equipment$26,760Notes Payable54,690Accounts Payable52,190Common Stock93,690Retained Earnings11,690Sales Revenue765,960Sales Returns and Allowances4,200Cost of Goods Sold495,400Salaries and Wages Expense138,080Advertising Expense27,780Utilities Expenses15,920Maintenance and Repairs Expense12,100Delivery Expense16,700Rent Expense25,380Totals$1,004,980$1,004,980Adjustment data:1.Supplies on hand totaled $5,190.2.Depreciation is $17,070 on the equipment.3.Interest of $10,440 is accrued on notes payable at November30.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% administrative1- Journalize the closing entries2-Prepare a post-closing trial balance.