COURCES work Problem 3-5A On November 1, 2019, the account balances of Schilling Equipment Repair were as follows. No. Debits No. Credits 101 Cash $ 2,400 154 Accumulated Depreciation-Equipment 112 Accounts Receivable 4,250 201 Accounts Payable 126 Supplies 1,800 209 Uneared Service Revenue Equipment 12,000 212 Salaries and Wages Payable 311 Common Stock 320 Retained Earnings $20,450 $ 2,000 2,600 1,200 700 10,000 3,950 $20,450 153 by Study During November, the following summary transactions were completed. Nov. 8 Paid $1,700 for salaries due employees, of which $700 is for October salaries. 10 Received $3,420 cash from customers on account. 12 Received $3,100 cash for services performed in November. 15 Purchased equipment on account $2,000. 17 Purchased supplies on account $700. 20 Paid creditors on account $2,700. 22 Paid November rent $400. 25 Paid salaries $1,700. 27 Performed services on account and billed customers $1,900 for these services. 29 Received $600 from customers for future service. Enter the November 1 balances in the ledger accounts. No. 101 Cash Date Explanation Ref Debit Credit Balance Nov. 1 Balance Accounts Receivable Date Explanation No. 112 Balance Ref Debit Credit Nov. 1 Balance No. 126 Supplies Date Explanation Ref Debit Credit Balance Nov. 1 Balance Equipment Date Explanation No. 153 Balance Ref Debit Credit Nov. 1 Balance Accumulated Depreciation Equipment Date Explanation Ref No. 154 Balance Debit Credit Nov. 1 Balance Accounts Payable Date Explanation No. 201 Balance Ref Debit Credit Nov. 1 Balance Unearned Service Revenue Date Explanation No. 209 Ref Debit Credit Balance Nov. 1 Balance Salaries and Wages Payable Date Explanation Ref Debit No. 212 Balance Credit Nov. 1 Balance Common Stock Date Explanation Ref Debit No. 311 Balance Credit Nov. 1 Balance Retained Earnings Date Explanation No. 320 Ref Debit Credit Balance Nov. 1 Balance Journalize the November transactions. (Credit account titles are automatically indented when the amount entered. Do not indent manually. Record journal entries in the order presented in the probar Dale Account Titles and Explanation Debat Post to the ledger accounts. (Post entries in the order of journal entries posted in the previous part of the question.) Cash No. 101 Date Explanation Ref Debit Credit Balance Nov. 1 Balance 2.400 01 31 31 7 31 Y 31 31 31 Accounts Receivable Date Explanation Nov. 1 Balance Debit Credit Ref No. 112 Balance 4,250 31 31 Supplies Date Debit Credit Explanation Nov. 1 Balance Ref No. 126 Balance 1,800 11 Equipment Date Ref Debit Credit Explanation Nov. 1 Balance No. 153 Balance 12,000 J1 Debit Credit Accumulated Depreciation Equipment Date Explanation Ref Nov. 1 Balance Accounts Payable Date Explanation Ref Nov. 1 Balance No. 154 Balance 2,000 No. 201 Balance 2,600 Debit Credit 31 J1 11 Unearned Service Revenue Date Explanation No. 209 Balance Ref Debit Credit Unearned Service Revenue Date Explanation Nov. 1 Balance Ref Debit Credit No. 209 Balance 1,200 31 Salaries and Wages Payable Date Explanation Nov. 1 Balance Ref Debit Credit No. 212 Balance 700 31 Debit Credit Ref Common Stock Date Explanation Nov. 1 Balance Retained Earnings Date Explanation Nov. 1 Balance Service Revenue Date Explanation No. 311 Balance 10,000 No. 320 Balance 3,950 No. 407 Balance Ref Debit Credit Ref Debit Credit 31 31 Salaries and Wages Expense Date Explanation No. 726 Balance Ref Debit Credit 01 31 Rent Expense Date Explanation No. 729 Balance Ref Debit Credit J1 Prepare a trial balance at November 30. Schilling Equipment Repair Trial Balance Debit Credit Totals 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 $1,250 were performed. Journalize the adjusting entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 1. 2. 3. SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT Post the adjusting entries. Debit Credit 1,700 3,420 Ref V 31 J1 11 31 31 31 3,100 2,700 400 1,700 Cash Date Explanation Nov. 1 Balance Nov. 8 Nov. 10 Nov. 12 Nov. 20 Nov. 22 Nov. 25 Nov. 29 Accounts Receivable Date Explanation Nov. 1 Balance Nov. 10 Nov. 27 Supplies Date Explanation Nov. 1 Balance Nov. 17 J1 600 No. 101 Balance 2,400 700 4,120 7,220 4,520 4,120 2.420 3,020 No. 112 Balance 4,250 830 2,730 No. 126 Balance 1,800 2,500 Debit Credit Ref y 31 J1 3,420 1,900 . Debit Credit Ref 31 700 Ref Debit Credit Adjusting J1 Equipment Date Explanation Nov. 1 Balance Nov. 15 31 Accumulated Depreciation Equipment Date Explanation Ref Nov. 1 Balance 2,000 No. 153 Balance 12,000 14,000 No. 154 Balance 2,000 Debit Credit Debit Credit Ref Adjusting Accounts Payable Date Excplanation Nov. 1 Balance Nov. 15 Nov. 17 Nov. 20 Unearned Service Revenue Date Explanation Nov. 1 Balance Nov. 29 2,000 700 31 31 No. 201 Balance 2,600 4,500 5,300 2,600 No. 209 Balance 1,200 1,800 2,700 Debit Credit Ref 31 600 J1 Adjusting Salaries and Wages Payable Date Explanation No. 212 Balance Ref Debit Credit No. 212 Balance Ref Debit Credit Salaries and Wages Payable Date Explanation Nov. 1 Balance Nov. 8 700 J1 700 0 Adjusting J1 Debit Credit Ref V Common Stock Date Explanation Nov. 1 Balance Retained Earnings Date Explanation Nov. 1 Balance Service Revenue Date Explanation Nov. 12 No. 311 Balance 10,000 No. 320 Balance 3,950 No. 407 Balance Debit Credit Ref Ref Debit Credit J1 1 3,100 1,900 3,100 5,000 Nov. 27 31 31 Adjusting Depreciation Expense Date Explanation No. 615 Ref Debit Credit Balance Adjusting 31 No. 631 Balance Ref Debit Credit J1 Supplies Expense Date Explanation Adjusting Salaries and Wages Expense Date Explanation Nov. 8 No. 726 Ref Debit Credit Balance J1 1,000 1,700 1,000 2,700 Nov. 25 11 Adjusting 11 Rent Expense Date Nov. 22 Explanation Credit Ref 31 Debit 400 No. 729 Balance 400 Prepare an adjusted trial balance. Schilling Equipment Repair Trial Balance Debit Credit . Totals Prepare an income statement for November 30. Schilling Equipment Repair Income Statement SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT Prepare an retained earnings statement for November 30. Schilling Equipment Repair Retained Earnings Statement SHOW LIST OF ACCOUNTS Prepare a balance sheet at November 30. (List Assets in order of liquidity.) Schilling Equipment Repair Balance Sheet Assets Liabilities and Stockholders' Equity Y $ Click if you would like to Show Work for this question: Open Show Work