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The trial balance of Terry Manning Fashion Center contained the following accounts at November 30, the end of the company's fiscal year.
TERRY MANNING FASHION CENTER
November 30, 2010
Accumulated Depreciation - Store Equipment
Accumulated Depreciation - Delivery Equipment
Sales Returns and Allowances
Cost of Goods Sold
Preparation of 10 column worksheet, income statement, equity statement, balance sheet, Adjusting entries and closing entries.
(Solution is prepared in excel with each cell linked. so you can easily understand. If the figures in your question varies, just change the trial balance figure and adjustment figure, the solution will automatically change)
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