Current Attempt in Progress On November 1, 2022, the following were the account balances of Ivanhoe Equipment Repair Cash Accounts Receivable Supplies Equipment Debit $3,430 3,080 1.760 10.640 Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings Credit $ 500 2.940 400 790 10.640 3,640 $18.910 $18.910 During November, the following summary transactions were completed Nov. 8 10 12 15 17 20 Paid $1.220 for salaries due employees, of which $430 is for November and $790 is for October salaries payable. Received $1.910 cash from customers in payment of account Received $3,750 cash for services performed in November, Purchased store equipment on account $3,510. Purchased supplies on account $1.410. Paid creditors $2.510 of accounts payable due. Pald November rent $550. Pald salaries $1,080 Performed services on account worth $970 and billed customers. Received $760 from customers for services to be performed in the future, 22 25 27 29 Prepare a trial balance at November 30. IVANHOE EQUIPMENT REPAIR Trial Balance November 30, 2022 Debit Credit Cash 4490 2140 Accounts Receivable 3170 Supplies 14150 Equipment 500 Accumulated Depreciation Equipment 5350 Accounts Payable 1160 Unearned Service Revenue 10640 Common Stock 3640 Retained Earnings 4720 Service Revenue 550 Rent Expense 1510 Salaries and Wages Expenser 26010 26010 e Textbook and Media List of Accounts Journalize the following adjusting entries. (if no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) 1 AN Supplies on hand are valued at $1,140. Accrued salaries payable are $510. Depreciation for the month is $250. Services were performed to satisfy $520 of unearned service revenue. Debit Credit No. Account Titles and Explanation 1. 2030 Supplies Expense 2030 Supplies 510 2. Salaries and Wages Expense 510 Salaries and Wagtes Payable 250 3. Depreciation Expense 250 Accumulated Depreciation Equipment 520 4. Unearned Service Revenue 520 Service Revenue e Textbook and Media List of Accounts Post the above adjusting entries. (Post entries in the order of journal entries passed in the previous question) 11/1 Bal. 11/10 1.220 2.510 550 1.080 11/12 11/29 11/30 Bal. Cash 3,430 11/8 1.910 11/20 3,750 11/22 760 11/25 4,490 Accounts Receivable 3,080 11/10 970 2.140 Supplies 1.910 11/1 Bal. 11/27 11/30 Bal. 11/1 Bal 1,760 11/27 1.410 11/1 Bal. 11/15 11/30 Bal. Equipment 10,640 3,510 14,150 Accumulated Depreciation Equipment 11/1 Bal. 500 11/20 Accounts Payable 2,510 11/1 Bal 11/15 11/17 11/30 Bal Unearned Service Revenue 11/1 Bal 2.940 3.510 1.410 5.350 400 11/29 760 1160 Salaries and Wages Payable 790 11/1 Bal 790 11/8 1160 Salaries and Wages Payable 790 11/1 Bal. 790 11/8 V 10.640 10.640 Common Stock 11/1 Bal. 11/30 Bal. Retained Earnings 11/1 Bal. 1130 Bal. Service Revenue 3,640 3,640 11/12 3,750 11/27 970 Depreciation Expense Supplies Expense Salaries and Wages Expense 430 > 11/8 11/25 1.080 > 11/22 11/30 Bal Rent Expense 550 550
