On October 31, 2018, Alou Equipment Repair Corp.'s opening trial balance was as follows. The company adjusts its accounts monthly.

During November, the following transactions were completed:
Nov. 9 Paid $2,200 to employees for salaries due, of which $1,000 is for October salaries payable and $1,200 for November.
13 Issued common shares for $5,000.
13 Received $12,400 cash from customers in payment of accounts.
19 Received $11,400 cash for services performed in November.
20 Purchased supplies on account, $600.
Nov. 21 Paid creditors $4,600 of accounts payable due.
23 Paid November rent, $600.
23 Paid salaries, $2,400.
27 Performed services on account, $3,800.
28 Declared and paid a cash dividend, $500.
30 Received $1,100 from customers for services to be performed in the future.
Adjustment data for the month:
1. Supplies on hand are $1,000.
2. Accrued salaries payable are $1,000.
3. The equipment has an estimated useful life of five years and Alou uses straight-line depreciation.
4. Unearned revenue of $800 was earned during the month.
5. Income tax payable is estimated to be $1,100.
Instructions
(a) Prepare journal entries to record the November transactions.
(b) Set up T accounts, enter any opening balances, and post the journal entries prepared in part (a).
(c) Prepare a trial balance at November 30.
(d) Prepare and post the adjusting journal entries for the month.
(e) Prepare an adjusted trial balance at November 30.
(f) Prepare
(1) An income statement,
(2) A statement of changes in equity,
(3) A statement of financial position.

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DebitCredit Cash Accounts receivable Supplies Equipment Accumulated depreciation-equipment Accounts payable Salaries payable Unearned revenue Common shares Retained earnings $15,58o 15,820 4.00O 18,000 $ 3,600 4,600 1,000 1,000 10,000 33.200 $53,400 S53,400