I have done A and B and C and D but I am struggling with the rest. Any help is appreciated.
154 P3-5A (LO 2, 3, 4), AP on November 1, 2022, the account balances of Schilling Equipment Repair were as follows. No. Debit No. 101 Cash $ 2,400 Accumulated $ 2, Depreciation Equipment 112 Accounts 4,250 201 Accounts 2 Receivable Payable 126 Supplies 1,800 209 Unearned 1 Service Revenue 153 Equipment 12,000 212 Salaries and Wages Payable 311 Common Stock 320 Retained 3 Earnings $20,450 $20 10, 8 During November, the following summary transactions were completed. Nov. Paid $1,700 for salaries due employees, of which $700 is for October salaries. Received $3,420 cash from customers on account. Received $3,100 cash for services performed in November. 10 12 15 17 20 22 Purchased equipment on account $2,000. Purchased supplies on account $700. Paid creditors on account $2,700. 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. 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. Instructions a. Enter the November 1 balances in the ledger accounts. b. Journalize the November transactions. c. Post to the ledger accounts. Use J1 for the posting reference. Use the following additional accounts: No.407 Service Revenue, No. 615 Depreciation Expense, No. 631 Supplies Expense, No. 726 Salaries and Wages Expense, and No. 729 Rent Expense. d. Prepare a trial balance at November 30. d. Trial balance $25,350 e. Journalize and post adjusting entries. f. Prepare an adjusted trial balance. f. Adj. trial balance $25,900 g. Prepare an income statement and a retained earnings statement for November and a balance sheet at November 30. g. Net income $1,500 Ending retained earnings $5:450 Total assets $18,950 Prepare adjusting entries, adjusted trial balance, and financial statements using Appendix 34. 154 P3-5A (LO 2, 3, 4), AP on November 1, 2022, the account balances of Schilling Equipment Repair were as follows. No. Debit No. 101 Cash $ 2,400 Accumulated $ 2, Depreciation Equipment 112 Accounts 4,250 201 Accounts 2 Receivable Payable 126 Supplies 1,800 209 Unearned 1 Service Revenue 153 Equipment 12,000 212 Salaries and Wages Payable 311 Common Stock 320 Retained 3 Earnings $20,450 $20 10, 8 During November, the following summary transactions were completed. Nov. Paid $1,700 for salaries due employees, of which $700 is for October salaries. Received $3,420 cash from customers on account. Received $3,100 cash for services performed in November. 10 12 15 17 20 22 Purchased equipment on account $2,000. Purchased supplies on account $700. Paid creditors on account $2,700. 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. 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. Instructions a. Enter the November 1 balances in the ledger accounts. b. Journalize the November transactions. c. Post to the ledger accounts. Use J1 for the posting reference. Use the following additional accounts: No.407 Service Revenue, No. 615 Depreciation Expense, No. 631 Supplies Expense, No. 726 Salaries and Wages Expense, and No. 729 Rent Expense. d. Prepare a trial balance at November 30. d. Trial balance $25,350 e. Journalize and post adjusting entries. f. Prepare an adjusted trial balance. f. Adj. trial balance $25,900 g. Prepare an income statement and a retained earnings statement for November and a balance sheet at November 30. g. Net income $1,500 Ending retained earnings $5:450 Total assets $18,950 Prepare adjusting entries, adjusted trial balance, and financial statements using Appendix 34
