Assignment #2 On November 1, 2020, the account balances of Khaled Equipment Repair were as follows: Account Debt Credit Cash 2,400 Account Receivable 4,250 Supplies 1,800 Equipment 12,000 Inventory 2,400 Accumulated Depreciation - Equipment 2,000 Accounts Payable 2,600 Unearned Revenue 1,200 Salaries and Wages Payable 700 Share Capital 11,000 Retained Earrings 2,950 20,450 20,450 During November, the following summary transactions were completed. Nov. 8 Paid 1,700 for salaries due employees, of which 700 is for October salaries. Received 3,620 cash from customers on account. Received 3,100 cash for services performed in November. 15 Purchased equipment on account 2,000. 17 *022122222 Purchased supplies on account 700. Paid creditors on account 2,700. 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 i. ii. iii. iv. V. F. < vi. Journalize the November transactions. Post to the ledger accounts (T accounts). Prepare a trial balance. Journalize and post adjusting entries. The following are the additional accounts: Depreciation Expense, Supplies Expense, Salaries and Wages Expense, and Rent Expense. Prepare an adjusted trial balance. Prepare an Income Statement and a Retained Earnings Statement for November and a Statement of Financial Position at November 30.