Adjustments: 1. Revenue for services performed but unrecorded for November totaled RM1,100. 2. The SNACKSS company promised to help the WIVI-doll company advertise, using the WIVI-doll company's logo cartoon character image to make snack packaging and cookie shape. So, SNACKSS received RM1,200 on November 2 from WIVI-doll for advertising services expected to be completed by December 31. 3. SNACKSS company paid salaries and wages on October 26; the next payment of salaries will not occur until November 9. The employees receive total salaries of RM2,000 for a five-day work week, or RM400 per day. Supplies Expense Interest expense Total Expenses Net income SNACKSS Co.,Ltd Journal entries 1 Dr Accounts Receivable 1,100 Cr Service Revenue 1.100 2 Dr Uneared service revenue 1,200 Cr Service Revenue 1,200 3 Dr Salaries and wages Expensi 1,200 Cr Salaries and wages Payable 1,200 SNACKSS Co.,Ltd SNACKSS Co.,Ltd Income Statement Balance Sheet November 30,2020 November 30,2020 Debit Credit Assets Service Revenue 14,600 Cash 42,900 Advertising Expense 250 Account Receivable 3,100 Office rent Expense 600 Salaries and Wages Expenses Inventory -150 2,100 Supplies -5,200 Utilities Expense 200 Depreciation-Equipment Expense Prepaid Insurance 150 40 Insurance Expense 150 Equipment 19,000 6,800 Less Accumulated depreciation-Equipmen -40 18,960 250 -10,390 Total assets 59,760 4.210 Liabilities and Owner's Equity Liabilities SNACKSS Co.,Ltd Account Payable 1,600 Owner's Equity Statement Interest Payable 250 November 30,2020 Salaries and Wages Payble 1,200 Owner's capital, Nov.1 Net income 55,000 4,210 Uneared service revenue -1.200 Total Liabilities 1,850 Owner's Drawings Owner's capital,Nov,30 59.210 -1,300 Owner's Equity Owner's capital 57,910 57,910 Total Liabilities and Owner's Equity 59,760 SNACKSS Co.,Ltd November 30,2020 General Ledger Cash Date Explanation Ref Debit Credit No.101 Balance Date Inventory Explanation Ref Debit Credit No.163 Balance Prepaid Insurance 2020 2020 Date Explanation Ref. Debit Credit No.130 Balance Nov.1 15,000 15,000 Nov 21 7,000 8,000 == 150 300 150 -150 2020 Nov.15 1,200 9,200 1,500 10,700 Account Payable 600 10,100 Date Explanation Ref. Debit Credit No.201 Balance 16 900 9,200 2020 200 9.000 Nov 3 250 8,750 600 9.350 10 1,300 8,050 22 1,600 1,600 250 Date Explanation Ref. 250 300 1,850 1,600 1,600 Nov.2 2020 15,000 23.050 13 7,000 16,050 24 50 100 50 NNUV4 18 23 25 1,200 1,200 3,500 4,700 200 4,900 2,000 6,900 600 7,500 150 3,000 10,500 1,800 12,300 Equipment No. 157 30 1,100 13,400 Debit Credit Balance 1,200 14.600 7,000 7,000 Supplies Expense No.631 7,000 14,000 Date Explanation Ref. Debit Credit Balance 5,000 19,000 2020 200 16,250 150 16,100 Date Unearned Service Revenus Explanation Ref. No.209 Nov.17 800 800 Debit Credit Balance 2,000 18.100 2020 5,000 13,100 Nov 2 01 1,200 1,200 Accumulated Depreciation-Equipment Date Explanation Ref. Debit No.158 Credit Balance 27 30 2,500 3,300 3,500 6,800 25,000 38,100 2020 3,000 41,100 Interest Payable 1,800 42,900 Date Explanation Ref Debit Credit No.230 Balance Nov.14 J1 40 40 Insurance Expense No.722 2020 Account Receivable No.112 Nov 20 250 250 Date Explanation Ref. Debit Credit Balance Date Advertising Expense Explanation Ref. Debit Credit No.621 Balance Date Explanation Ref 2020 Nov.15 Debit Credit Balance 2020 Nov.6 2,000 2,000 Date Owner's capital Explanation Ref. Debit No.301 Credit Balance 2020 16 100 50 50 150 11 600 1,400 2020 Nov.5 250 250 18 200 1,600 Nov 1 15,000 15,000 Rent Expense 200 1.400 25 600 2,000 13 26 15,000 30,000 25,000 55,000 Date 1,100 3,100 Depreciation Expense Explanation|Ref. Debit Credit No.711 Balance Date Explanation Ref. Debit Credit No.729 Balance 2020 Supplies Date Explanation Ref. Debit Credit No.126 Balance Date Owner's Drawings Explanation Ref No.306 2020 Nov.7 600 600 Debit Credit Balance Nov.14 40 40 2020 2020 Nov.12 1,300 1,300 Nov.3 1,600 17 800 27 2,500 1,600 800 -1,700 Date Service Revenus Explanation Ref. No.400 Date Salary and Wages Expense Explanation Ref. Debit Credit No.726 Balance Date Interest Expense Explanation Ref Debit Credit No.905 Balance 2020 Debit Credit Balance 2020 Nov.20 250 250 30 3,500 -5,200 2020 Nov.8 Nov.4 1,200 1,200 9 = 900 1,200 900 2,100 Date 2020 Nov.15 16 Explanation Ref Equipment Prepaid Insurance Debit Credit No.130 Balance 50 100 50 150 No.157 6 3,500 4,700 Date 18 200 Salary and Wages Payable |Explanation|Ref. Debit No.208 Credit Balance 4,900 23 2,000 6,900 Utilities Expense 600 7,500 Date Explanation Ref Debit Credit No.732 Balance 2020 Nov.9 1,200 1,200 3,000 10,500 2020 1,800 12,300 Nov.9 J1 200 200 1,100 13,400