Do the P3.5 wtih the A-G intructions
ial balance amous a Notes Payable (120.000. This balance consists of a note for 9 months at an annual interest rate of 6%, dated November 1. 3. Interes e month of May and Salaries and Wages Payable CO. There are eight salaried employees. Salaries are paid every Friday for the current week. Five employees receive a salary of (700 each per week, and three employees 4. Salaries earn E500 each per week. Assume December 31 is a Tuesday. Employees do not work weekends. (2,000 cial statements are All employees worked the last 2 days of December. below. Instructions Prepare the adjusting entries at December 31, 2020. follows. P3.5 (LO 2, 3, 4) On November 1, 2020, the account balances of Beck Equipment Repair were as Journalize through ace preparation Adjuster Dr. $ 8,700 NO. Debit No. Credit 11,500 101 Cash f 2.400 154 112 Accounts Receivable 4,250 201 Accumulated Depreciation-Equipment E 2,000 650 1,800 Accounts Payable 2.600 126 Supplies 209 1,200 500 Unearned Service Revenue 153 Equipment 12,000 212 Salaries and Wages Payable 700 18,000 311 320 Share Capital-Ordinary 1 1,000 Retained Earnings 2.950 (20.450 f20,450 During November, the following summary transactions were completed. 1,600 Nov. 8 Paid fl.700 for salaries due employees, of which 1700 is for October salaries. 10 Received $3,620 cash from customers on account. 12 Received $3,100 cash for services performed in November. 8.725 15 Purchased equipment on account f2.000. 3,600 17 Purchased supplies on account $700. 20 Paid creditors on account f2,700. 700 22 Paid November rent $400. 850 25 Paid salaries $1,700. 1,510 27 Performed services on account and billed customers for these services $2,200. 100 29 Received $600 from customers for future service. $56,435 Adjustment data consist of. I. Supplies on hand f1,400. 2. Accrued salaries payable $350. onths ending Septem 3. Depreciation for the month is $200. 4. Services related to unearned service revenue of fl,220 were performed. ng? Instructions ber 31, 2020, prodex a. Enter the November 1 balances in the ledger accounts. . Journalize the November transactions. es on its buildings C. Post to the ledger accounts. Use JI for the posting reference. Use the following additional accounts; 1, 2019, for 67,S No. 407 Service Revenue, No. 615 Depreciation Expense, No. 63 1 Supplies Expense, No. 726 Salaries ed on January 1, 30 and Wages Expense, and No. 729 Rent Expense. d. Trial balar d. Prepare a trial balance at November 30. f. Adj. trial b space in its new be e. Journalize and post adjusting entries. g. Net incon contracts that are f. Prepare an adjusted trial balance. Ending ret B. Prepare an income statement and a retained earnings statement for November and a statement of 14,720 financial position at November 30. Total asse mber of cases "P'3.6 (LO 2, 3, 4, 5) Alpha's Graphics was organized on January 1, 2020, by Gabriel Alpha. At the end Prepare adjust trial balance, if the first 6 months of operations, the trial balance contained the following accounts. using appendix
