\begin{tabular}{l|ll} \multicolumn{2}{c}{ Service Revenue } \\ \\ \hline Nov. 19 & 20,520 \end{tabular} Question 6 of 7 8.54/20 Income Tax Expense \begin{tabular}{|l|l|} \hline & \multicolumn{2}{c}{ Depreciation Expense } \\ \hline Nov. 30Adj. & 540 \\ \hline \end{tabular} Question 6 of 7 8.54/20 \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Salaries Expense } \\ \hline Nov. 9 & 2,160 & 3 & \\ \hline Nov. 23 & 4,320 & & \\ \hline Nov. 30Bal. & 6,480 & & \\ \hline Nov. 30 Adj. & 1,800 & & \\ \hline Nov. 30Bal. & 8,280 & Now 30 & 8280 \\ \hline 7 & i & & \\ \hline \end{tabular} Nov. 30 Bal. Nov. 30 Adj. 6,480 1,800 8,280 Nov. 30 Income Summary Nov. 30 28800 eTextbook and Media \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Supplies } \\ \hline Nov. 1 Bal. & 7,200 & & \\ \hline Nov. 20 & 1,080 & & \\ \hline \multirow[t]{2}{*}{ Nov. 30 Bal. } & 8,280 & & \\ \hline & & Nov. 30Adj. & 6,480 \\ \hline Nov. 30 Bal. & 1,800 & v & \\ \hline \multicolumn{4}{|c|}{ Equipment } \\ \hline Nov, 1 Bal. & 32,400 & & \\ \hline Nov. 30 Bal. & 32,400 & & \\ \hline \end{tabular} Prepare the closing journal entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) \begin{tabular}{lr|l|l|} & Salaries Expense \\ \hline Nov. 9 & 2,160 & \\ Nov. 23 & 4,320 & \\ \hline Nov. 30 Bal. & 6,480 & & \\ Nov. 30 Adj. & 1,800 & & \\ \hline Nov. 30 Bal. & 8,280 & Nov 30 \\ \hline \end{tabular} \begin{tabular}{l} Salaries Expense \\ \hline Nov.9 \\ 2,160 \end{tabular} Accounts Payable 1,080 Salaries Payable 1,800 Income Tax Payable 1,980 Deferred Revenue 2,340 Common Shares 27,000 Retained Earnings 59.760 Dividends Declared 900 Service Revenue 28,800 Salaries Expense 8,280 Rent Expense 1.080 Supplies Expense 6,480 Income Tax Expense 1,980 Depreciation Expense 540 Totals $129,780$129,780 On November 30,2024 , the Lily Equipment Repair Corp's adjusted trial balance was as follows. The company closes its books monthly. Question 6 of 7 Retained Earnings \begin{tabular}{|l|ll|} \hline \multicolumn{2}{l}{ Service Revenue } \\ \hline & Nov. 19 & 20,520 \end{tabular} 8.54/20 Accounts Payable Nov. 21 Nov. 1 Bal. 8,280 Nov. 20 8,280 Nov. 30 Bal. 1,080 \begin{tabular}{ll} 1,080 \\ \hline \end{tabular} Salaries Payable \begin{tabular}{|c|c|c|c|} \hline Nov. 9 & 1,800 & Nov. 1 Bal. & 1,800 \\ \hline & & Nov.30Bal.Nov.30Adj. & 01,800 \\ \hline & & Nov. 30 Bal. & 1.800 \\ \hline \end{tabular} Income Tax Payable 30 Income Summary 18360 Salaries Expense Rent Expense Supplies Expense Income Tax Expense Depreciation Expense (To close expense accounts.) 30 Income Summary Retained Earnings (To close net income/(loss).) 30 Retained Earnings gnment 3 - Chapter 4 Question 6 of 7 Supplies Expense 8.54/20 Income Tax Expense Depreciation Expense (To close expense accounts.) 30 Income Summary 10440 Retained Earnings (To close net income/(loss).) 30 Retained Earnings Dividends Declared (To close dividends declared.) Question 6 of 7 8.54/20 \begin{tabular}{l|llr} \hline \multicolumn{4}{c}{ Deferred Revenue } \\ \hline & Nov. 1 Bal. & 1,800 \\ & & Nov. 30 & 1,980 \\ \hline Nov. 30 Adj. & 1,440 & Nov. 30 Bal. & 3,780 \\ \hline & & Nov. 30 Bal. & 2,340 \end{tabular} On November 30,2024 , the Lily Equipment Repair Corp's adjusted trial balance was as follows. The company closes its books monthly. Post the closing entries to the T accounts. (CE means closing entry.) (Post entries in the order of journal entries presented in the previous part.) Accumulated Depreciation - Equipment Accounts Payable Salaries Payable Income Tax Payable Deferred Revenue Common Shares Retained Earnings Dividends Declared Service Revenue Salaries Expense Rent Expense Supplies Expense Income Tax Expense Depreciation Expense $7,020 1,080 1,800 1,980 2,340 27,000 59.760 900 28,800 8,280 1,080 6,480 1,980 540 Service Revenue Question 6 of 7 8.54 mcome rax raydue Deferred Revenue Common Shares Retained Earnings Dividends Declared Service Revenue Salaries Expense Rent Expense Supplies Expense Income Tax Expense Depreciation Expense Totals 1,700 2,340 27,000 59,760 900 28,800 8,280 1,080 6,480 1,980 540 $129,780 $129,780
