ACN 201, Assignment-1, Autumn 2021 Marks: 5; Assignment type: Individual, handwritten; Deadline: 5 November 2021, Friday@11.59 PM On November 1, 2020, the account balances of Hibban Equipment Repair were as follows. Credit ($) Debit (S) 2400 4250 1800 12000 Cash Accounts receivable Supplies Equipment Accumulated depreciation- Equipment Accounts Payable Unearned Service Revenue Salaries and Wages Payable Owner's capital 2000 2600 1200 700 13950 20450 20450 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 $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 Performed services on account and billed customers for these services $2,200. 29 Received $600 from customers for future service. Adjustment data consist of: 1. Supplies on hand $1,400. 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. d. Prepare a trial balance at November 30. e. Journalize and post adjusting entries. f. Enter the adjusting entries on a worksheet and compete the worksheet. g. Prepare an income statement and an owner's equity statement for November and a balance sheet at November 30. h. Prepare necessary closing entries at November 30. Instructions for the assignment: You should solve the assignment on your script, take an image of the answers, convert it into pdf and upload the pdf file on google form. You must prepare a cover page mentioning your name, ID, Course Code, Section; faculty particulars etc. your cover page should appear as the first page of the assignment. You may use camscanner' apps to take an image. File size: Maximum 10 MB