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accounting On November I. 2017. the account balances of Hamm Equipment Repair were as follows. During November, the following summary transactions were completed. nov 8

accounting
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On November I. 2017. the account balances of Hamm Equipment Repair were as follows. During November, the following summary transactions were completed. nov 8 Paid $1,700 for salaries due employees, of which $700 is for October salaries. 10 Received S3.620 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 Performed services on account and billed customers for these services $2,200. 29 Receive! $600 from customers for future service. Adjustment data consist of: Supplies on hand SI,400 Accrued salaries payable $350. Depreciation for the month is $200. Services related to unearned service revenue of $1,220 were performed Instruct (a) Enter the November 1 balances in the ledger accounts (b) Journalize IB November transactions.(c) Post to the ledger accounts. Use JI for the posting reference. use the following additional accounts: No.407 service Revenue, No.729 rent Expense. No.631 Supplies Expense, No.726 Salaries and Wages Expense, and NO.729 rent Expense. Prepare a trial balance at November 30. Journalize and post adjusting entries. Prepare an adjusted trial balance Prepare an income statement and a balance sheet at November 30. Johnson Graphics Company was organized on Jarman I. 2017. In Cameron Johnson. At the end of the first 6 months of operations shown on page 142

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