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Instructions (a) Enter the November 1 balances in the ledger accounts. (Use Taccounts.) (b) J ournalize the November transactions. (c) Post to the ledger accounts.

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Instructions (a) Enter the November 1 balances in the ledger accounts. (Use Taccounts.) (b) J ournalize the November transactions. (c) Post to the ledger accounts. Use Service Revenue, Depreciation Expense, Supplies Expense, Salaries and Wages Expense, and Rent Expense. (d) Prepare a trial balance at November 30. (e) J ournalize and post adjusting entries. (t) Prepare an adjusted trial balance. (13 Cash $3,840 Tot. adj. trial balance $24,680 (g) Prepare an income statement and a retained earnings statement for November and a classied balance sheet at November 30. (g) Net income $970 P4-7A On November 1, 2017, the following were the account balances of Soho Equipment Repair. Debit Credit Cash $ 2,790 Accumulated Depreciation $ Equipment 500 Accounts 2,910 Accounts Payable 2,300 Receivable Supplies 1,120 Unearned Service Revenue 400 Equipment 10,000 Salaries and Wages Payable 620 Common Stock 10,000 Retained Earnings 3,000 $16,820 $16,820 During November, the following summary transactions were completed. Nov. 8 Paid $1,220 for salaries due employees, of which $600 is for November and $620 is for October salaries payable. 10 Received $1,800 cash from customers in payment of account. 12 Received $3,700 cash for services performed in November. 15 Purchased store equipment on account $3,600. 17 Purchased supplies on account $1,300. 20 Paid creditors $2,500 of accounts payable due. 22 Paid November rent $480. 25 Paid salaries $1,000. 27 Performed services on account worth $900 and billed customers. 29 Received $750 from customers for services to be performed in the future. Adjustment data: 1. Supplies on hand are valued at $1,100. 2. Accrued salaries payable are $480. 3. Depreciation for the month is $250. 4. Services were performed to satisfy $500 of unearned service revenue. Instructions (a) Enter the November 1 balances in the ledger accounts. (Use T-accounts.) (b) J ournalize the November transactions

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