Hello, can you please help me with the adjusted trial balance? This is all the given information that should be enough to fill in the adjusted balance. thank you! Prepare an adjusted trial balance at November 30 given
During November, the following summary transactions were completed.
Comprehensive Accounting Cycle Review 5-02 (Part Level Submission)
On November 1, 2022, Marin had the following account balances. The company uses the perpetual inventory method.
DebitCreditCash$17,100Accumulated Depreciation?Equipment$1,900Accounts Receivable4,256Accounts Payable6,460Supplies1,634Unearned Service Revenue7,600Equipment47,500Salaries and Wages Payable3,230$70,490Common Stock38,000Retained Earnings13,300$70,490
Nov.8Paid $6,745 for salaries due employees, of which $3,515 is for November and $3,230 is for October.10Received $3,610 cash from customers in payment of account.11Purchased merchandise on account from Dimas Discount Supply for $15,200, terms 2/10, n/30.12Sold merchandise on account for $10,450, terms 2/10, n/30. The cost of the merchandise sold was $7,600.15Received credit from Dimas Discount Supply for merchandise returned $570.19Received collections in full, less discounts, from customers billed on sales of $10,450 on November 12.20Paid Dimas Discount Supply in full, less discount.22Received $4,370 cash for services performed in November.25Purchased equipment on account $9,500.27Purchased supplies on account $3,230.28Paid creditors $5,700 of accounts payable due.29Paid November rent $712.29Paid salaries $2,470.29Performed services on account and billed customers $1,330 for those services.29Received $1,283 from customers for services to be performed in the future.
Comprehensive Accounting Cycle Review 5-02 (Part Level Submission) On November 1, 2022, Marin had the following account balances. The company uses the perpetual inventory method. Debit Credit Cash $17,100 Accumulated DepreciationEquipment $1,900 Accounis Receivable 4,255 Accounts Payable 6,450 Supplies 1,534 Uneamed Service Revenue 7,600 Equipment 47,500 Salaries and Wages Payable 3,230 $70,490 Common Stock 38,000 Retained Earnings 13,300 $70,490 During November, the following summary transactions were completed. Nov. 8 Paid $6,745 for salaries due employees, of which $3,515 is for November and $3,230 is for October. 10 Received $3,610 cash from customers in payment of account. 11 Purchased merchandise on account from Dimas Discount Supply for $15,200, terms 2/10, n/30. 12 Sold merchandise on account for $10,450, terms 2/10, n/30. The cost of the merchandise sold was $7,600. 15 Received credit from Dimas Discount Supply for merchandise returned $570. 19 Received collections in full, less discounts, from customers billed on sales of $10,450 on November 12. 20 Paid Dimas Discount Supply in full, less discount. 22 Received $4,370 cash for services performed in November. 25 Purchased equipment on account $9,500. 27 Purchased supplies on account $3,230. 23 Paid creditors $5,700 of accounts payable due. 29 Paid November rent $712. 29 Paid salaries $2,470. 29 Performed services on account and billed customers $1,330 for those services. 29 Received $1,283 from customers for services to be performed in the future. Enter the November 1 balances in ledger T-accounts. Cash 11/1 Bal. 17,100 Accounts Receivable 11/1 Bal. 4,256 Supplies 11/1 Bal. 1,634 Equipment 11/1 Bal. 47,500 Accumulated Depreciation-Equipment 11/1 Bal. 1,900 Accounts Payable 11/1 Bal. 6,460 Unearned Service Revenue 11/1 Bal. 7,600 Salaries and Wages Payable 11/1 Bal. 3,230 Common Stock 11/1 Bal. 38,000 Retained Earnings 11/1 Bal. 13,300 Date Account Titles and Explanation Debit Credit Nov. 8 Salaries and Wages Payable 3,230 Salaries and Wages Expense 3,515 Cash 6,745 Nov. 10 + Cash 3,610 Accounts Receivable 3,610 Nov. 11 + Inventory 15,200 Accounts Payable 15,200Nov. 12 + Accounts Receivable 10,450 Sales Revenue 10,450 (To record credit sale) Cost of Goods Sold 7,600 Inventory 7,600 (To record cost of merchandise sold) Nov. 15 + Accounts Payable 570 Inventory 570 Nov. 19 Cash 10,241 Sales Discounts 209 Accounts Receivable 10,450 Nov. 20 # Accounts Payable 14,630 Inventory 293 Cash 14,337 Nov. 22 + Cash 4,370 Service Revenue 4,370 Nov. 25 + Equipment 9,500 Accounts Payable 9,500 Nov. 27 + Supplies 3,230 Accounts Payable 3,230 Nov. 28 + Accounts Payable 5,700 Cash 5,700 Nov. 29 # Rent Expense 712 Cash 712 (To record November rent paid) Salaries and Wages Expense 2,470 Cash 2,470 (To record salaries paid) (To record salaries paid) Accounts Receivable 1,330 Service Revenue 1,330 (To record services performed) Cash 1,283 Unearned Service Revenue 1,283 (To record receipt for services to be performed)\fUnearned Service Revenue 11/1 Bal. 7,600 11/29 1,283 Salaries and Wages Payable 11/8 3,230 11/1 Bal. 3,230 Common Stock 11/1 Bal. 38,000 11/30 Bal. + 38,000 Retained Earnings 11/1 Bal. 13,300 Service Revenue 11/22 4,370 11/29 1,330 Salaries and Wages Expense 11/8 3,515 11/29 2,470 Rent Expense 11/29 712 Sales Revenue 11/12 10,450 Cost of Goods Sold 11/12 7,600 Sales Discounts 11/19 209 Adjustment data: 1. Supplies on hand are valued at $3,040. 2. Accrued salaries payable are $950. 3. Depreciation for the month is $475 4. $1,235 of services related to the unearned service revenue has not been performed by month-end. Journalize the adjusting entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)No. Date Account Titles and Explanation Debit Credit 1. Nov. 30 Supplies Expense 1,824 Supplies 1,824 2. Nov. 30 Salaries and Wages Expense 950 Salaries and Wages Payable 950 3. Nov. 30 Depreciation Expense 475 Accumulated Depreciation-Equipr 475 4. Nov. 30 Unearned Service Revenue 7,648 Service Revenue 7,648 Post the above adjusting entries. (Post entries in the order of journal entries presented above.) Cash 11/1 Bal. 17,100 11/8 6,745 11/10 3,610 11/20 14,337 11/19 10,241 11/28 5,700 11/22 4,370 11/29 712 11/29 1,283 11/29 2,470 11/30 Bal. 5,640 Accounts Receivable 11/1 Bal. 4,256 11/10 3,610 11/12 10,450 11/19 10,450 11/29 1,330 11/30 Bal. 1,976 Inventory 11/11 15,200 11/12 7,600 11/15 570 11/20 293 11/30 Bal. 6,737 Supplies 11/1 Bal. 1,634 Adj. 1,824 11/27 3,230 11/30 Bal. + 3,040 Equipment 11/1 Bal. 47,500 11/25 9,500 11/30 Bal. 57,000 Accumulated Depreciation-Equipment 11/1 Bal. 1,900 Adj. 475 11/30 Bal. + 2,375 Accounts Payable 11/15 570 11/1 Bal. 6,460 11/20 14,630 11/11 15,200 11/28 5,700 11/25 9,500 11/27 3,230Accounts Payable 11/15 570 11/1 Bal. 6,460 11/20 14,630 11/11 15,200 11/28 5,700 11/25 9,500 11/27 3,230 11/30 Bal. 13,490 Unearned Service Revenue Adj 7,648 11/1 Bal. 7,600 11/29 1,283 11/30 Bal. # 1,235 Salaries and Wages Payable 11/8 3,230 11/1 Bal. 3,230 Adj. 950 11/30 Bal. + 950 Common Stock 11/1 Bal. 38,000 11/30 Bal. 38,000 Retained Earnings 11/1 Bal. 13,300 Service Revenue 11/22 4,370 11/29 1,330 Adj. 7,648 Depreciation Expense Adj. 475 Supplies Expense Adj. 1,824 Salaries and Wages Expense 11/8 3,515 11/29 2,470 Adj. 950 Rent Expense 11/29 712 Sales Revenue 11/12 10,450 Cost of Goods Sold 11/12 7,600 Sales Discounts 11/19 209A edugen.wileyplus.com Comprehensive Accounting Cycle Review 5-02 (Part Level Submission) (e) Accounts Payable Accounts Receivable Prepare an adjusted trial balance at November 30. Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment MARIN Administrative Expenses Adjusted Trial Balance Advertising Expense Amortization Expense Debit Credit Buildings Cash Common Stock Cost of Goods Sold Depreciation Expense Dividends Equipment Freight-In Freight-Out Gain on Disposal of Plant Assets Income Tax Expense Income Taxes Payable Insurance Expense Interest Expense Interest Payable Interest Revenue Inventory Land Loss on Disposal of Plant Assets Maintenance and Repairs Expense Mortgage Payable No Entry Notes Payable Prepaid Insurance Purchase Discounts Purchase Returns and Allowances Purchases Rent Expense Rent Revenue Research and Development Expense Retained Earnings Salaries and Wag Salaries and Wages Payable Sales Discounts Sales Returns and Allowances Sales Revenue Service Revenue Supplies Supplies Expense Unearned Service Revenue Utilities Expense Totals Website $
