A Un November 1, 2017, the account balances of Hamm Equipment R follows. O. Debit No. Cash ns Rec 112 Accounts Receivable 4,250 201 Accounts Payable 126 Supplies 153 Equipment 2,400 154 Accumulated Depreciation-Equipme 1,800 209 Unearned Service Revenue 12,000 212 Salaries and Wages Payable 301 Owner's Capital $20,450 During November, the following summary transactions were completed. Nov. 8 Paid $1,700 for salaries due employees, of which $700is for October 10 Received $3,620 cash from customers on account. 12 Received $3,100 cash for services performed in November 15 Purchased equipment on account $2,000. 17 Purchased supplies on account $700 20 Paid creditors on account $2,700. 22 Paid November rent $400. 25) Paid salaries $1,700. 27 29 Received $600 from customers for future service. Performed services on account and billed customers for these services $ Adjustment data consist of 1. Supplies on hand $1,400, (too 2. Accrued salaries payable $350. 3. Depreciation for the month is $200. 4. Services related to unearned service revenue of $1,220 were performed. Instructions (a) Enter the November 1 balances in the ledger accounts. (b) Journalize the November transactions. (c) Post to the ledger accounts. Use J1 for the posting reference. Use the following a Supplies Expense, No. 726 Salaries and Wages Expense, and No. 729 Rent Expens (d) Prepare a trial balance at November 30. n(e Journalize and post adjusting entries. (D) Prepare an adjusted trial balance. (g) Prepare an income statement and an owner's equity statement for November and tional accounts: No. 407 Service Revenue, No. 615 Depreciation Expense, No. balance sheet at November 30. A Un November 1, 2017, the account balances of Hamm Equipment R follows. O. Debit No. Cash ns Rec 112 Accounts Receivable 4,250 201 Accounts Payable 126 Supplies 153 Equipment 2,400 154 Accumulated Depreciation-Equipme 1,800 209 Unearned Service Revenue 12,000 212 Salaries and Wages Payable 301 Owner's Capital $20,450 During November, the following summary transactions were completed. Nov. 8 Paid $1,700 for salaries due employees, of which $700is for October 10 Received $3,620 cash from customers on account. 12 Received $3,100 cash for services performed in November 15 Purchased equipment on account $2,000. 17 Purchased supplies on account $700 20 Paid creditors on account $2,700. 22 Paid November rent $400. 25) Paid salaries $1,700. 27 29 Received $600 from customers for future service. Performed services on account and billed customers for these services $ Adjustment data consist of 1. Supplies on hand $1,400, (too 2. Accrued salaries payable $350. 3. Depreciation for the month is $200. 4. Services related to unearned service revenue of $1,220 were performed. Instructions (a) Enter the November 1 balances in the ledger accounts. (b) Journalize the November transactions. (c) Post to the ledger accounts. Use J1 for the posting reference. Use the following a Supplies Expense, No. 726 Salaries and Wages Expense, and No. 729 Rent Expens (d) Prepare a trial balance at November 30. n(e Journalize and post adjusting entries. (D) Prepare an adjusted trial balance. (g) Prepare an income statement and an owner's equity statement for November and tional accounts: No. 407 Service Revenue, No. 615 Depreciation Expense, No. balance sheet at November 30
