Blue Equipment Repair began operating in September 2017. It prepares financial statements at the end of each month. On November 1, 2017, a tabular summary includes the following information. Note that Blue began the month with $3,640 in Retained Earnings. This balance represents the results of its first two months of business. Assets = Liabilities + Stockholders Equity Cash + Accts. Rec. + Supplies + Equip. - Acc. Depr.- Equip. = Accts. Pay. + Unearn. Serv. Rev. + Sal./Wages Pay. + Com. Stock + Retained Earnings 11/1 Bal. 3,430 + 3,110 + 1,760 + 10,640 - 500 = 2,940 + 400 + 820 + 10,640 + 3,640 During November, the following summary transactions were completed. Nov. 8 Paid $1,220 for salaries due employees, of which $400 is for November and $820 is for October salaries payable. 10 Received $1,850 cash from customers in payment of account. 12 Received $3,800 cash for services performed in November. 15 Purchased store equipment on account $4,010. 17 Purchased supplies on account $1,400. 20 Paid creditors $2,510 of accounts payable due. 22 Paid November rent $510. 25 Paid salaries $1,010. 27 Performed services on account worth $990 and billed customers. 29 Received $800 from customers for services to be performed in the future. Adjustment data: 1. Supplies on hand are valued at $1,160. 2. Accrued salaries payable are $490. 3. Depreciation for the month is $270. 4. Services were performed to satisfy $550 of unearned service revenue. (a-d) Use the tabular summary below to complete the following. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) (a) Record the November transactions. Include explanations for amounts in the revenue or expense column. (b) Compute the balance in each column after recording the November 29 transaction. (c) Record adjustments. (d) Compute the adjusted balance in each column. Assets = Liabilities + Stockholders Equity Cash + Accts. Rec. + Supplies + Equip. - Acc. Depr.- Equip. = Accts. Pay. + Unearn. Serv. Rev. + Sal./Wages Pay. + Com. Stock + Retained Earnings 11/1 Bal. 3,430 3,110 1,760 10,640 -500 2,940 400 820 10,640 3,640 Rev. Exp. Div. Nov. 8 10 12 15 17 20 22 25 27 29 Unadj. Bal. Adj. (A1) (A2) (A3) (A4) Adj. Bal.