500 12 15 Instructions Prepare the adjusting entries at December 31, 2014. (Show all computations.) 03-5A On September 1, 2014, the account balances of Beck Equipment Repair, Inc. were Journalize transactions and as follows. follow through accounting No. Debit cycle to preparation of No. Credit financial statements 101 Cash 4,880 158 Accumulated Depreciation Equipment 2,100 (LO 5,6,7) 112 Accounts Receivable 3,520 201 Accounts Payable 3,400 126 Supplies 2,000 209 Unearned Service Revenue 1,400 157 Equipment 18,000 212 Salaries and Wages Payable 311 Share Capital-Ordinary 10,000 320 Retained Earnings 11,000 28.400 28,400 During September, the following summary transactions were completed Sept. 8 Paid 1,700 for salaries due employees, of which 1,200 is for September. 10 Received 1,200 cash from customers on account. Received 3,400 cash for services performed in September Purchased store equipment on account 3,000. 17 Purchased supplies on account 1,200, 20 Paid creditors 4,500 on account. 22 Paid September rent 500. 25 Paid salaries 1,050. 27 Performed services on account and billed customers for services provided 1,600 29 Received 750 from customers for future service. Adjustment data consist of: 1. Supplies on hand 1,700. 2. Accrued salaries payable 400, 3. Depreciation is 140 per month 4. Unearned service revenue of 1,450 is recognized for services performed. Instructions (a) Enter the September 1 balances in the ledger accounts. (b) Journalize the September transactions. (c) Post to the ledger accounts. Use Jl for the posting reference. Use the following addi- tional accounts: No. 400 Service Revenue, No. 631 Supplies Expense, No. 711 Depre. ciation Expense, No. 726 Salaries and Wages Expense, and No. 729 Rent Expense. (d) Trial balance 133,350 (d) Prepare a trial balance at September 30. Adj, trial balance 33,890 (e) Journalize and post adjusting entries. (g) Net income 1,660 (1) Prepare an adjusted trial balance. Ending retained earnings (9) Prepare an income statement and a retained earnings statement for September and a E12,660 statement of financial position at September 30. Total assets 26,860