On November 1, 2010, the account balances of Morelli Equipment Repair were as follows.

During November the following summary transactions were completed.Nov. 8 Paid $1,700 for salaries due employees, of which $700 is for October salaries.10 Received $3,420 cash from customers on account.12 Received $3,100 cash for services performed in November.15 Purchased store equipment on account $2,000.17 Purchased supplies on account $700.20 Paid creditors on account $2,700.22 Paid November rent $400.25 Paid salaries $1,700.27 Performed services on account and billed customers for services provided $900.29 Received $600 from customers for future service.Adjustment data consist of:1. Supplies on hand $1,200.2. Accrued salaries payable $400.3. Depreciation for the month is $200.4. Unearned service revenue of $1,250 is earned.Instructions(a) Enter the November 1 balances in the ledger accounts.(b) Journalize the November transactions.(c) Post to the ledger accounts. Use J1 for the posting reference. Use the following additional accounts:No. 407 Service Revenue, No. 615 Depreciation Expense, No. 631 Supplies Expense,No. 726 Salaries Expense and No. 729 Rent Expense.(d) Prepare a trial balance at November 30.(e) Journalize and post adjusting entries.(f) Prepare an adjusted trial balance.(g) Prepare an income statement and an owner's equity statement for November and a balance sheet at November30.

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No. Credits No. Cash Debits Accumulated Depreciation $ 2,000 101 Accounts Receivable $ 2,400 4,250 154 201 Accounts Payable 209 Unearned Service Revenue 212 Salaries Payable 301 V. Morelli, Capital 2.600 1,200 112 126 Supplies 153 Store Equipment 1,800 12,000 700 13,950 $20,450 $20,450