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P3-5A Problems: Set A On November 1, 2017, the account balances of Schilling Equipment Repair were follows. Jownalize foow throagh accosnring cyele to prepararion of trensacrions and Debit No. 101 Cash 112 Accounts Receivable 4,250 201 Accounts Payable 126 Supplies 153 Equipment $ 2,400 154 Accumulated Depreciation-Equipment $ 2,000 1,800 209 Unearned Service Revenue 12,000 212 Salaries and Wages Payable 2,600 GLS 311 Common Stock 10,000 $20,450 0,000 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 $3,420 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 $1,900 for these services Received $600 from customers for future service. 29 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 $1,250 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 epreciation Ex pense, No. 631 Supplies Expense, No. 726 Salaries and Wages Expense, and No. 729 Re (d) Prepare a trial balance at November 30. e) Journalize and post adjusting entries. e) Prepare an incotmet and a retained earnings statement for Nonember and ainmained eming additional accounts: No. 407 Service Revenue, No. 615 D (d) Trial balance $25,350 (0 Adj trial balance $25,900 (g) Net income $1,50 5,450 Total assets 518,950 balance sheet at November 30