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Blue Equipment Repair began operating in September 2022. It prepares financial statements at the end of each month, On November 1. 2022, a tabular summary

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Blue Equipment Repair began operating in September 2022. It prepares financial statements at the end of each month, On November 1. 2022, a tabular summary includes the following information. Note that Blue began the month with $3,780 in Retained Earnings. This balance represents the results of its first two months of business. During November, the following summary transactions were completed. Nov. 8 Paid $1,528 for salaries due employees, of which $756 is for November and $772 is for October salaries payable. 10 Received $2,268 cash from customers in payment of account. 12 Received $4,662 cash for services performed in November. 15 Purchased store equipment on account $4,536. 17 Purchased supplies on account $1,638. 20 Paid creditors $3,150 of accounts payable due. 22 Paid November rent $614. 25 Paid salaries $1,260. 27 Performed services on account worth $1,134 and billed customers. 29 Received $945 from customers for services to be performed in the future. Adjustment data: 1. Supplies on hand are valued at $1,386. 2. Accrued salaries payable are $614. 3. Depreciation for the month is $315. 4. Services were performed to satisfy $630 of unearned service revenue. Use the tabular summary below to complete the following. Iff 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. Nov. 8 10 12 17 20 22 25 27 29 + Stockholders' Equity + Retained Earnings \begin{tabular}{rr} Rev. Exp. \\ \hline & \\ \hline \end{tabular} Div. Service Revenue: Depreciation Expense- Intorest Expense Rent Expense Rent Revenue Supplies Expense Salaries \& Wages Expense

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