1. Post the closing entries to the T accounts. (CE means closing entry.) (Post entries in the order of journal entries presented in the previous part.)
2. Prepare a post-closing trial balance at November 30.
3. not sure if data of this question is required for answering this question.
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Problem 4-10A On November 30, 2018, the Alou Equipment Repair Corp.'s adjusted trial balance was as follows. The company closes its books monthly. ALOU EQUIPMENT REPAIR CORP. Trial Balance November 30, 2018 After Adjustment Debit Credit Cash Accounts Receivable $ 34,980 7,220 1,000 18,000 3,900 Supplies Equipment Accumulated Depreciation - Equipment Accounts Payable Salaries Payable Income Tax Payable 500 Unearned Revenue 1,000 1,100 1,300 15,000 33,200 Common Shares Retained Earnings Dividends Declared 500 Service Revenue 15,700 4,600 Salaries Expense Rent Expense 500 Supplies Expense Income Tax Expense Depreciation Expense 3,500 1,100 300 Totals $ 71,700 $ 71,700 Prepare the closing journal entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit Nov. 30 Service Revenue 15700 Income Summary 15700 (To close revenue account.) 30 Income Summary 10000 Salaries Expense 4600 Supplies Expense 3500 Rent Expense 500 Depreciation Expense 300 Income Tax Expense 1100 (To close expense accounts.) 30 Income Summary 33200 Retained Earnings 33200 30 Retained Earnings 500 Dividends Declared 500 (To close dividends declared.) Cash Nov. 1 Bal. 2,200 4,600 Nov. 13 Nov. 13 22,180 Nov. 9 5,000 Nov. 21 5,500 Nov. 23 11,400 Nov. 23 1,200/Nov. 28 500 Nov. 19 2,400 Nov. 30 500 Nov. 30 Bal. 34,980 Accounts Receivable Nov. 1 Bal. Nov. 27 5,500 9,220 3,500 Nov. 13 7,220 Supplies Nov. 30 Bal. Nov. 1 Bal. 4,000 Nov. 20 500 Nov. 30 Bal. 4,500 Nov. 30 Adj. 3,500 Nov. 30 Bal. 1,000 Equipment 18,000 18,000 Nov. 1 Bal. Nov. 30 Bal. Accumulated Depreciation-Equipment Nov. 1 Bal. Nov. 30 Adj. Nov. 30 Bal. Accounts Payable 3,600 300 3,900 Nov. 1 Bal. 4,600 500 Nov. 21 4,600 Nov. 20 Nov. 30 Bal. 500 Salaries Payable Nov. 1 Bal. 1,000 Nov. 9 1,000 Nov. 30 Bal. 0 1,000 1,000 Nov. 30 Adj. Nov. 30 Bal. Income Tax Payable Nov. 30 Adj. 1,100 Nov. 30 Bal. 1,100 Unearned Revenue Nov. 1 Bal. Nov. 30 1,000 1,200 2,100 Nov. 30 Bal. Nov. 30 Adj. 800 Nov. 30 Bal. 1,300 1,300 Nov. 30 Bal. Common Shares Nov. 1 Bal. Nov. 13 10,000 5,000 15,000 Nov. 30 Bal. Retained Earnings Nov. 1 Bal. 33,200 Dividends Declared Nov. 28 500 Nov. 30 Bal. 500 Nov. 30 CE4 500 Nov. 30 Bal. 0 Service Revenue Nov. 19 Nov. 27 11,400 3,500 14,900 800 Nov. 30 Bal. Nov. 30 Adj. Rent Expense Nov. 23 500 Nov. 30 Bal. 500 Income Tax Expense Nov. 30 Adj. 1,100 Nov. 30 Bal. 1,100 Supplies Expense 3,500 Nov. 30 Adj. Nov. 30 Bal. 3,500 Depreciation Expense Nov. 30 Adj. 300 Nov. 30 Bal. 300 Salaries Expense Nov. 9 Nov. 23 1,200 2,400 3,600 1,000 Nov. 30 Bal. Nov. 30 Adj. Nov. 30 Bal. 4,600 Income Summary
