The trial balance of Bramble Fason Center contained the following accounts at November 30, the end of the company’s fiscal year.

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2. Depreciation is $11,100 on the equipment. 3. Interest of $7,200 is accrued on notes payable at November 30. 4. Inventory actually on hand is $41,700. Prepare a classified balance sheet as of November 30, 2019. Notes payable of $18,000 are due in January 2020.

The trial balance of Bramble Fason Center contained the following accounts at November 30, the end of the company’s fiscal year. BRAMBLE FASHION CENTER Trial Balance November 30, 2020 Debit Credit Cash $ 20,000 Accounts Receivable 28,000 Inventory 42,000 Supplies 6,000 Equipment 130,000 Accumulated Depreciation—Equipment $ 25,000 Notes Payable 50,000 Accounts Payable 51,800 Owner’s Capital 88,000 Owner’s Drawings 10,000 Sales Revenue 755,200 Sales Returns and Allowances 8,600 Cost of Goods Sold 497,000 Salaries and Wages Expense 139,500 Advertising Expense 24,000 Utilities Expense 13,500 Maintenance and Repairs Expense 11,500 Freight-out 16,400 Rent Expense 23,500 Totals $970,000 $970,000 Adjustment data: 1. Supplies on hand totaled $2,000. 2. Depreciation is $11,100 on the equipment. 3. Interest of $7,200 is accrued on notes payable at November 30. 4. Inventory actually on hand is $41,700. Prepare a classified balance sheet as of November 30, 2019. Notes payable of $18,000 are due in January 2020.

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