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2. PR.03-04.ALGO (Algorithmic) Adjusting Entries Good Note Company specializes in the repair of music equipment and is owned and operated by Robin Stahl. On November

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2. PR.03-04.ALGO (Algorithmic) Adjusting Entries Good Note Company specializes in the repair of music equipment and is owned and operated by Robin Stahl. On November 30, 2019, the end of the current year, the accountant for Good Note prepared the following trial balances: 39.790 1 54,700 113,990 1. 541190 Good Note Company Trial Balance November 30, 2019 Unadjusted Adjusted Debit Credit Debit Credit Balances Balances Balances Balances Cash 39,790 Accounts Receivable 113,990 Supplies 11,830 3,670 Prepaid Insurance 15,060 2,860 Equipment 504,280 504,280 Accumulated Depreciation-Equipment 98,400 111,190 Automobiles 119,360 119,360 Accumulated Depreciation-Automobiles 56,990 59,840 Accounts Payable 25,810 26,840 Salaries Payable 8,070 Unearned Service Fees 18,820 6,530 Robin Stahl, Capital 540,000 540,000 Robin Stahl, Drawing 77,960 77,960 Service Fees Earned 768,110 780,400 Salary Expense 537,680 545,750 Rent Expense 55,920 55,920 Supplies Expense 8,160 Depreciation Expense-Equipment 12,790 Depreciation Expense-Automobiles 2,850 Utilities Expense 13,440 14,470 Taxes Expense 8,600 8,600 Insurance Expense 12,200 Miscellaneous Expense 10,220 10,220 1,508,130 1,508,130 1,532,870 1,532,870 Required: Journalize the seven entries that adjusted the accounts at November 30. None of the accounts were affected by more than one adjusting entry. 2019 Nov. 30 30 30 30 30 30 30

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