Apologies, it is a lengthy problem
On November 1, 2022, the following were the account balances of Sheridan Equipment Repair. Debit Credit Cash $ 500 Accounts Receivable 2,630 Supplies $ 3,120 Accumulated Depreciation-Equipment 3,010 Accounts Payable 1,450 Unearned Service Revenue 10,330 Salaries and Wages Payable Common Stock 400 Equipment 720 10,330 Retained Earnings 3,330 $17.910 $17.910 During November, the following summary transactions were completed. Nov. 8 Paid $1,220 for salaries due employees, of which $500 is for November and $720 is for October salaries payable. 10 Received $1,860 cash from customers in payment of account. 12 Received $3,750 cash for services performed in November 15 Purchased store equipment on account $3,660. 17 Purchased supplies on account $1.410. 20 Paid creditors $2,510 of accounts payable due. 22 Paid November rent $500. 25 Paid salaries $1,010 27 Performed services on account worth $950 and billed customers. 29 Received $800 from customers for services to be performed in the future. Enter the November 1 balances in the ledger accounts. Cash Accounts Receivable 11/1 Bal. 11/8 11/10 Supplies 11/12 11/15 11/17 Equipment 11/20 11/22 11/25 Accumulated Depreciation Equipment 11/27 11/29 11/30 Accounts Payable 11/30 Bal. Unearned Service Revenue ca "LyuipmCI v Accounts Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings Date Account Titles and Explanation Debit Credit Nov. 8 Post above journal entries to the ledger accounts. (Post entries in the order of journal entries pas Cash 11/1 Bal. 3,120 7 Y Accounts Receivable 11/1 Bal. 3,010 Supplies 11/1 Bal. 1,450 7 11/1 Bal. 1,450 Equipment 11/1 Bal. 10,330 Accumulated Depreciation - Equipment 11/1 Bal. 500 Accounts Payable 11/1 Bal. 2,630 Unearned Service Revenue Unearned Service Revenue 11/1 Bal. 400 Salaries and Wages Payable 11/1 Bal. 720 Common Stock 11/1 Bal. 10,330 Retained Earnings 11/1 Bal. 3,330 Service Revenue Retained Earnings 11/1 Bal. 3,330 Service Revenue Salaries and Wages Expense 7 Rent Expense y SHERIDAN EQUIPMENT REPAIR Trial Balance Debit Credit $ $ $ $ Journalize the following adjusting entries. If no entry is required, select "No Entry for the account titles and enter for the amounts Credit account titles are automatically indented when the amount is entered. Do no indent manually) 1. Supplies on hand are valued at $1,150. 2. Accrued salaries payable are $490. 3. Depreciation for the month is 5260 4. Services were performed to satisfy $540 of unearned service revenue. No. Account Titles and Explanation Debit Credit 1. 2 4. Post the above adjusting entries. (Post entries in the order of journal entries passed in the previous question.) Cash 11/1 Bal. 3,120 11/8 1,220 11/10 1,860 11/20 2,510 11/12 3,750 11/22 500 11/29 800 11/25 1,010 11/30 Bal. 4,290 Accounts Receivable 11/1 Bal. 3,010 11/10 1,860 11/27 950 11/30 Bal. 2,100 Supplies 11/1 Bal. 1,450 11/27 1,410 Equipment 11/1 Bal. 10,330 Equipment 11/1 Bal. 10,330 11/15 3,660 11/30 Bal. 13,990 Accumulated Depreciation Equipment 11/1 Bal. 500 Y 7 Accounts Payable 11/20 2,510 11/1 Bal. 2,630 11/15 3,660 11/17 1,410 11/30 Bal. 5,190 Unearned Service Revenue 11/1 Bal. 400 11/29 800 Unearned Service Revenue 11/1 Bal. 400 11/29 800 7 Salaries and Wages Payable 8 720 11/1 Bal. 720 Common Stock 11/1 Bal. 10,330 11/30 Bal. 10,330 Retained Earnings 11/1 Bal. 3,330 11/30 Bal. 3,330 Service Revenue 11/12 3.750 11/27 950 C8-8ed0-e9d7684e0 11/27 950 Depreciation Expense Supplies Expense Salaries and Wages Expense 8 500 /25 1,010 Rent Expense assessm Prepare an adjusted trial balance. SHERIDAN EQUIPMENT REPAIR Trial Balances Debit Credit $ ta Prepare an income statement for November 30. SHERIDAN EQUIPMENT REPAIR Income Statement Prepare a retained earnings statement for November 30. SHERIDAN EQUIPMENT REPAIR Retained Earnings Statement : $ $ e Textbook and Media List of Accounts Prepare a classified balance sheet at November 30. (List current assets in order of liquidity.) SHERIDAN EQUIPMENT REPAIR Balance Sheet Assets SHERIDAN EQUIPMENT REPAIR Balance Sheet Assets $ $ : $ Liabilities and Stockholders' Equity $ Liabilities and Stockholders' Equity $ $ Tathonland Mandi
