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On November 1, 2017, Kingbird, Inc. had the following account balances. The company uses the perpetual inventory method. Debit Credit Cash $10,800 Accumulated DepreciationEquipment $1,200

On November 1, 2017, Kingbird, Inc. had the following account balances. The company uses the perpetual inventory method.

Debit Credit
Cash $10,800 Accumulated DepreciationEquipment $1,200
Accounts Receivable 2,688 Accounts Payable 4,080
Supplies 1,032 Unearned Service Revenue 4,800
Equipment 30,000 Salaries and Wages Payable 2,040
$44,520 Common Stock 24,000
Retained Earnings 8,400
$44,520

During November, the following summary transactions were completed.

Nov. 8 Paid $4,260 for salaries due employees, of which $2,220 is for November and $2,040 is for October.
10 Received $2,280 cash from customers in payment of account.
11 Purchased merchandise on account from Dimas Discount Supply for $9,600, terms 2/10, n/30.
12 Sold merchandise on account for $6,600, terms 2/10, n/30. The cost of the merchandise sold was $4,800.
15 Received credit from Dimas Discount Supply for merchandise returned $360.
19 Received collections in full, less discounts, from customers billed on sales of $6,600 on November 12.
20 Paid Dimas Discount Supply in full, less discount.
22 Received $2,760 cash for services performed in November.
25 Purchased equipment on account $6,000.
27 Purchased supplies on account $2,040.
28 Paid creditors $3,600 of accounts payable due.
29 Paid November rent $450.
29 Paid salaries $1,560.
29 Performed services on account and billed customers $840 for those services.
29 Received $810 from customers for services to be performed in the future.

Adjustment data:

1. Supplies on hand are valued at $1,920.
2. Accrued salaries payable are $600.
3. Depreciation for the month is $300.
4. $780 of services related to the unearned service revenue has not been performed by month-end.

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Prepare a multiple-step income statement for November.

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please fill in blanks for income statement.

Prepare an adjusted trial balance at November 30. KINGBIRD, INC. Adjusted Trial Balance For the Month Ended November 30. 2017 Debit Credit Cash $ 4193 $ Accounts Receivable 1248 Inventory 4255 Supplies 1920 Equipment 36000 Accumulated Depreciation-Equipment 1500 Accounts Payable 8520 Unearned Service Revenue 5580 Salaries and Wages Payable 600 Common Stock 24000 Retained Earnings 8400 Service Revenue 3630 Salaries and Wages Expense 4380 Rent Expense 450 Sales Revenue 3630 Cost of Goods Sold 4800 Sales Discounts 132 Supplies Expense 1152 Depreciation Expense 300 Totals $ 58830 $ 58830 Income Statement For the Month Ended November 30, 2017 V $ $ $

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