Question3 Presented below is the adjusted trial balance of Katie's Pet Supplies as at its fiscal year end, November 30, 2017. All accounts are their...

Question3

Presented below is the adjusted trial balance of Katie's Pet Supplies as at its fiscal year end, November 30, 2017. All accounts are their normal balance (debit or credit). Katie's uses the periodic inventory system.

Accounts payable............................ $ 32,310              K. Milani, Capital.......................   $119,480

Accounts receivable............................ 13,770              K. Milani, Drawings...................       12,000

Accum. depreciation, Building     . 61,200Long-term note receivable............................       15,000

Accum. depreciation, equipment......... 19,880              Merchandise inventory..............       34,360

Advertising expense.............................. 1,000              Mortgage payable, ..................     106,000

Cash..................................................... 7,500              Prepaid Insurance....................         4,500

Building............................................. 175,000              Property Tax expense...............         3,500

Purchases......................................... 634,700              Salaries expense......................     122,000

Depreciation Expense......................... 14,000              Salaries payable.......................         8,500

Equipment.......................................... 57,000              Sales discounts........................          8250

Freight-out expense.............................. 8,200              Sales returns and allowances...         9,845

Insurance expense............................... 9,000              Sales revenue..........................     872,000

Interest expense................................... 5,300              Unearned Revenue..................         3,000

Land.............................................      85,000              Utilities Expense .......................       19,800    

Freight in.......................................        5,060              Rent revenue.......................        2,800

Purchase discount....................      6,300                Purchase return and Allowance     13,315

Additional Information:

Instruction: