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a) Enter the November 1 balances in the ledger accounts. b) Post above journal entries to the ledger accounts. c) Prepare a trial balance at
a) Enter the November 1 balances in the ledger accounts.
On November 1, 2017, the following were the account balances of Soho Equipment Repair. Cash Accounts Receivable Supplies Equipment Debit $ 3,090 3,010 1,420 10,300 Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings Credit $ 500 2,600 400 720 10,300 3,300 $17,820 $17,820 12 15 During November, the following summary transactions were completed. Nov. 8 Paid $1,220 for salaries due employees, of which $500 is for November and $720 is for October salaries payable. 10 Received $1,810 cash from customers in payment of account Received $3,710 cash for services performed in November. Purchased store equipment on account $3,510. Purchased supplies on account $1,310. Paid creditors $2,510 of accounts payable due. Paid November rent $450. 25 Paid salaries $ 1,010 Performed services on account worth $900 and billed customers. Received $750 from customers for services to be performed in the future. 17 20 22 27 29 Enter the November 1 balances in the ledger accounts. Cash Accounts Receivable Supplies . Equipment Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings Your answer is partially correct. Post above journal entries to the ledger accounts. (Post entries in the order of journal entries passed in the previous question.) Cash 11/1 Bal 3,090 11/8 11/10 11/20 11/12 11/22 11/29 11/25 11/30 Bal. 11/30 Bal. Accounts Receivable 11/1 Bal. 3.010 Supplies 11/1 Bal 1.420 Equipment 11/1 Bal. 10,300 Accumulated Depreciation - Equipment 11/1 Bal 500 Accounts Payable 11/13 2.600 Unearned Service Revenue 11/10 400 Salaries and Wages Payable 11/13 720 Common Stock 11/1 Bal 10,300 Retained Earnings 11/1 Bal 3,300 Service Revenue Service Revenue Salaries and Wages Expense Rent Expense 4 Prepare an adjusted trial balance SOHO EQUIPMENT REPAIR Trial Balances For the Month Ended November 30, 2017 Credit Cash 4170 Accounts Receivable 2100 Supplies 2730 Equipment 13810 Accumulated Depreciation Equipment 500 Accounts Payable 4910 Unearned Service Revenue 1150 Salaries and Wages Payable 0 Common Stock 10300 Retained Earnings 3300 Service Revenue 4610 Salaries and Wages Expense 1510 Rent Expense 450 Supplies Expense 1620 Depreciation Expense 250 $ $ 24770 $ 24770 Your answer is partially correct Post the above adjusting entries. (Post entries in the order of journal entries pessed in the previous question.) 11/1 Bal 11/10 11/12 11/29 11/30 Bal 1.220 2.510 450 1010 Cash 3.090 11/8 1,810 11/20 3,710 11/22 750 11/25 4,170 Accounts Receivable 3,010 11/10 900 2.100 Supplies 1,810 11/1 Bal 11/27 11/30 Bal 11/1 Bal 1,420 11/27 1,310 11/1 Bal 11/15 11/30 Bal Equipment 10,300 3.510 13,810 Accumulated Depreciation Equipment 111 Bal. 500 11/20 Accounts Payable 2.510 11/1 Bal 11/15 11/17 11/30 Bal Unearned Service Revenue 2.600 3.510 1.310 4.910 11/1 Bal. 400 11/29 750 Salaries and Wages Payable 7201113 11/8 720 Common Stock 10.300 10.300 11/1 Bal 11/30 Bat Retained Earnings 11/1 Bal 11/30 Bal Service Revenue 3.300 3.300 11/12 3.710 11/27 900 Depreciation Expense Supplies Expense Salaries and Wages Expense 11/8 5001 11/25 1.0101 11/22 11/30 Bal Rent Expense 4501 450 b) Post above journal entries to the ledger accounts.
c) Prepare a trial balance at November 30.
d) Post the above adjusting enteries.
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