The trial balance of Mr. Rosiak Fashion Center contained the following accounts at November 30, the end of the company’s fiscal year.Adjustment data:1. Supplies on hand totaled $2,100.2. Depreciation is $11,500 on the equipment.3. Interest of $4,000 is accrued on notes payable at November 30.4. Inventory actually on hand is $44,520.Instructions(a) Enter the trial balance on a worksheet, and complete the worksheet.(b) Prepare a multiple-step income statement and a retained earnings statement for the year, and a classified balance sheet as of November 30, 2014. (c) Journalize the adjusting entries.(d) Journalize the closing entries.(e) Prepare a post-closing trialbalance.
The trial balance of Mr Rosiak Fashion Center contained the