Journalize the closing 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 O for the amounts. List all debit entries before credit entries.) Date Account Titles and Explanation Nov. 30 Nov. 30 (To close revenue accounts) Nov. 30 (To close expense accounts) (To close income summary) Debit Credit Post the closing entries. (Post entries in the order of journal entries presented above. For accounts that have a zero balance select "11/30 Bal." from the list and enter O for the amount on the normal balance side. Assume Income Summary has a normal credit balance.) Cash 11/1 Bal. 5,400 11/8 2,130 11/10 1,140 11/20 4,508 11/19 3,234 11/28 1,800 11/22 1,380 11/29 225 11/29 405 11/29 780 11/30 Bal. 2,116 Accounts Receivable 11/1 Bal. 1,344 11/10 1,140 11/12 11/29 3,300 11/19 3,300 420 11/30 Bal. 624 Inventory 11/11 4,800 11/12 2,400 11/15 200 11/20 92 11/30 Bal. 2,108 Supplies 11/1 Bal. 516 Adj. 576 11/27 11/30 Bal. 1,020 960 Equipment 11/1 Bal. 15,000 11/25 3,000 11/30 Bal. 18,000 Enter the November 1 balances in ledger T-accounts. 11/1 Bal. Cash 5,400 11/1 Bal. Accounts Receivable 1,344 11/1 Bal. 11/1 Bal. Supplies 516 Equipment 15,000 Accumulated Depreciation-Equipment 11/1 Bal. 600 Accounts Payable 11/1 Bal. 2,040 Unearned Service Revenue 11/1 Bal. 2,400 Salaries and Wages Payable 11/1 Bal. 1,020 Common Stock 11/1 Bal. 12,000 Retained Earnings 11/1 Bal. 4,200 Journalize the November transactions. (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 O for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) Date Account Titles and Explanation Nov. 8 Salaries and Wages Payable Salaries and Wages Expense Cash Nov. 10 Cash Accounts Receivable Nov. 11 Inventory Nov. 12 Nov. 12 Accounts Payable Accounts Receivable Sales Revenue (To record credit sale) Cost of Goods Sold Nov. 15 Inventory (To record cost of merchandise sold) Accounts Payable Inventory Nov. 19 Cash Sales Discounts Nov. 20 Accounts Receivable Accounts Payable Inventory Cash Debit 1,020 1,110 1,140 4,800 3,300 2,400 200 3,234 66 4,600 Credit Nov. 22 Cash Service Revenue Nov. 25 Equipment Accounts Payable Nov. 27 Supplies Accounts Payable Nov. 28 Accounts Payable Nov. 29 Nov. 29 Nov. 29 Cash Rent Expense Cash (To record November rent paid) Salaries and Wages Expense Cash (To record salaries paid) Accounts Receivable Service Revenue (To record services performed) Nov. 29 Cash Unearned Service Revenue 1,380 3,000 1,020 1,800 225 780 420 405 Post to the ledger accounts. (Post entries in the order of journal entries presented in the previous part.) 11/1 Bal. 11/10 11/19 11/22 11/29 > Cash 5,400 11/8 2,130 1,140 11/20 4,508 3,234 11/28 1,800 1,380 11/29 225 405 11/29 780 11/30 Bal. 2,116 11/1 Bal. Accounts Receivable 1,344 11/10 1,140 11/12 3,300 11/19 3,300 11/29 420 11/30 Bal. 624 Inventory 11/11 4,800 11/12 2,400 11/30 Bal. 2,108 11/1 Bal. 11/15 200 11/20 92 Supplies 516 11/27 1,020 Equipment 11/1 Bal. 15,000 11/25 11/30 Bal. 3,000 18,000 Accumulated Depreciation-Equipment 11/1 Bal. 600 Accounts Payable 11/15 200 11/1 Bal. 2,040 11/20 4,600 11/11 4,800 11/28 1,800 11/25 3,000 11/8 11/27 1,020 11/30 Bal. 4,260 Unearned Service Revenue 11/1 Bal. 2,400 11/29 405 Salaries and Wages Payable 1,020 11/1 Bal. 1,020 Common Stock 11/1 Bal. Retained Earnings 12,000 11/30 Bal. 12,000 11/1 Bal. 4,200 11/8 Service Revenue 11/22 11/29 Salaries and Wages Expense 1,110 11/29 780 Rent Expense 11/29 225 11/12 Sales Revenue 1,380 420 11/12 3,300 Cost of Goods Sold 2,400 Sales Discounts 11/19 66 Adjustment data: 1. Supplies on hand are valued at $960. 2. Accrued salaries payable are $300. 3. Depreciation for the month is $150. 4. $390 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 O for the amounts. List all debit entries before credit entries.) No. Date Account Titles and Explanation Nov. 1. Supplies Expense 30 Supplies Nov. 2. Salaries and Wages Expense 30 Salaries and Wages Payable Nov. 3. Depreciation Expense 30 Accumulated Depreciation-Equipment Nov. 4. Unearned Service Revenue 30 Service Revenue Debit 576 300 150 2,415 Credit 576 300 150 2,415 Post the above adjusting entries. (Post entries in the order of journal entries presented above.) Cash 11/1 Bal. 5,400 11/8 2,130 11/10 1,140 11/20 4,508 11/19 3,234 11/28 1,800 11/22 1,380 11/29 225 11/29 405 11/29 780 11/30 Bal. 2,116 Accounts Receivable 11/1 Bal. 1,344 11/10 1,140 11/12 3,300 11/19 3,300 11/29 420 11/30 Bal. 624 Inventory 11/11 4,800 11/12 2,400 11/15 200 11/20 92 11/30 Bal. 2,108 11/1 Bal. 11/27 11/30 Bal. Supplies 516 Adj. 576 1,020 960 Equipment 11/1 Bal. 15,000 11/25 3,000 11/30 Bal. 18,000 Accumulated Depreciation-Equipment Accounts Payable 11/1 Bal. Adj. 11/30 Bal. 11/15 200 11/1 Bal. 2,040 11/20 4,600 11/11 4,800 11/28 1,800 11/25 3,000 11/27 1,020 11/30 Bal. 4,260 Adj. 11/8 Unearned Service Revenue 2,415 11/1 Bal. 11/29 600 150 750 2,400 405 11/30 Bal. 390 Salaries and Wages Payable 1,020 11/1 Bal. Adj. Common Stock 11/30 Bal. 11/1 Bal. 12,000 11/30 Bal. 12,000 Retained Earnings 11/1 Bal. 4,200 1,020 300 300 Service Revenue 11/22 1,380 11/29 Adj. Depreciation Expense Adj. 150 Adj. 11/8 11/29 Adj. Supplies Expense 576 Salaries and Wages Expense 1,110 11/29 225 780 300 Rent Expense Sales Revenue 11/12 3,300 Cost of Goods Sold 11/12 2,400 420 2,415 11/19 Sales Discounts 66 Prepare an adjusted trial balance at November 30. Cash Accounts Receivable Supplies Inventory Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Unearned Service Revenue Common Stock Retained Earnings Service Revenue Cost of Goods Sold Salaries and Wages Expense Rent Expense Depreciation Expense Supplies Expense Sales Discounts Sales Revenue Totals LARKSPUR Adjusted Trial Balance November 30, 2025 $ Debit 2,116 $ 624 960 2,108 18,000 2,400 2,190 225 150 576 66 Credit 750 4,260 300 390 12,000 4,200 4,215 3,300 $ 29,415 $ 29,415 Prepare a multiple-step income statement for November. Sales Sales Revenue Less Sales Discounts Net Sales Service Revenue Total Revenues Less Cost of Goods Sold Gross Profit Operating Expenses Salaries and Wages Expense Rent Expense Depreciation Expense Supplies Expense Total Operating Expenses Net Income/(Loss) LARKSPUR Income Statement For the Month Ended November 30, 2025 $ 3,300 66 2.190 225 i 150 i 576 19 $ 19 Prepare a multiple-step income statement for November. nue Sales Discounts venue nues Cost of Goods Sold xpenses d Wages Expense se on Expense Prepare a retained earnings statement for November. LARKSPUR Retained Earnings Statement For the Month Ended November 30, 2025 Retained Earnings, November 1 Add Net Income/(Loss) 4,200 1,908 Retained Earnings, November 30 $ 6,108 Current Assets Cash Accounts Receivable Inventory Supplies Total Current Assets Property, Plant, and Equipment Equipment Less LARKSPUR Balance Sheet November 30, 2025 Accumulated Depreciation-Equipment Total Property, Plant, and Equipment Total Assets Current Liabilities Accounts Payable Salaries and Wages Payable Unearned Service Revenue Total Current Liabilities Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity Assets $ 2116 Liabilities and Stockholders' Equity 624 2,108 960 18,000 750 $ 4,260 300 390 12,000 6,108 $ $ $ $ ssets s Receivable y rrent Assets Plant, and Equipment ent LARKSPUR Balance Sheet November 30, 2025 Assets : Accumulated Depreciation-Equipment operty, Plant, and Equipment sets labilities s Payable and Wages Payable ed Service Revenue rrent Liabilities lers' Equity 1 Stock Earnings ickholders' Equity bilities and Stockholders' Equity $ 2.116 Liabilities and Stockholders' Equity 624 2.108 960 18,000 750 $ 4,260 300 390 12,000 6,108 $ 5,808 17,250 $ 23,058 $ 4,950 18,108 23,058 Journalize the closing 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 O for the amounts. List all debit entries before credit entries.) Date Account Titles and Explanation Nov. 30 Nov. 30 (To close revenue accounts) Nov. 30 (To close expense accounts) (To close income summary) Debit Credit Post the closing entries. (Post entries in the order of journal entries presented above. For accounts that have a zero balance select "11/3 Bal." from the list and enter O for the amount on the normal balance side. Assume Income Summary has a normal credit balance.) Cash 11/1 Bal. 5,400 11/8 2,130 11/10 1,140 11/20 4,508 11/19 3,234 11/28 1,800 11/22 1,380 11/29 225 11/29 405 11/29 780 11/30 Bal. 2,116 Accounts Receivable 11/1 Bal. 1,344 11/10 1,140 11/12 3,300 11/19 3,300 11/29 420 11/30 Bal. 624 Inventory 11/11 4,800 11/12 2,400 11/15 200 11/20 92 11/30 Bal. 2,108 Supplies 11/1 Bal. 516 Adj. 576 11/27 11/30 Bal. 1,020 960 Equipment 11/1 Bal. 15,000 11/25 3,000 11/30 Bal. 18,000 Accumulated Depreciation-Equipment 11/1 Bal. 600 Adj. 150 11/30 Bal. 750 Accounts Payable 11/15 200 11/1 Bal. 2,040 11/20 4,600 11/11 4,800 11/28 1,800 11/25 3,000 11/27 1,020 11/30 Bal. 4,260 Adj. 11/8 > Unearned Service Revenue 2,415 11/1 Bal. 2,400 11/29 405 11/30 Bal. 390 Salaries and Wages Payable 1,020 11/1 Bal. 1,020 300 Adj. 11/30 Bal. 300 Common Stock 11/1 Bal. 12,000 11/30 Bal. 12,000 Retained Earnings 11/1 Bal. 4,200 Service Revenue 11/22 1,380 11/29 420 Adj. 2,415 Adj. Depreciation Expense 150 Adj. Supplies Expense 576 11/8 11/29 Adj. 11/29 Salaries and Wages Expense 1,110 780 300 Rent Expense 225 Sales Revenue 11/12 3,300 11/12 11/19 Cost of Goods Sold 2,400 Sales Discounts 66 Income Summary