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

		Debit				Credit
Cash		$7,560		Accumulated DepreciationEquipment		$840
Accounts Receivable		1,882		Accounts Payable		2,856
Supplies		722		Unearned Service Revenue		3,360
Equipment		21,000		Salaries and Wages Payable		1,428
		$31,164		Common Stock		16,800
				Retained Earnings		5,880
						$31,164

During November, the following summary transactions were completed.

Nov.	8		Paid $2,982 for salaries due employees, of which $1,554 is for November and $1,428 is for October.
	10		Received $1,596 cash from customers in payment of account.
	11		Purchased merchandise on account from Dimas Discount Supply for $6,720, terms 2/10, n/30.
	12		Sold merchandise on account for $4,620, terms 2/10, n/30. The cost of the merchandise sold was $3,360.
	15		Received credit from Dimas Discount Supply for merchandise returned $252.
	19		Received collections in full, less discounts, from customers billed on sales of $4,620 on November 12.
	20		Paid Dimas Discount Supply in full, less discount.
	22		Received $1,932 cash for services performed in November.
	25		Purchased equipment on account $4,200.
	27		Purchased supplies on account $1,428.
	28		Paid creditors $2,520 of accounts payable due.
	29		Paid November rent $315.
	29		Paid salaries $1,092.
	29		Performed services on account and billed customers $588 for those services.
	29		Received $567 from customers for services to be performed in the future.

Your answer is correct. Prepare an adjusted trial balance at November 30. SHAMROCK, INC. Adjusted Trial Balance November 30, 2017 Debit V Credit Cash $ 2935 $ Accounts Receivable 874 Inventory 2979 Supplies 1344 Equipment 25200 Accumulated Depreciation Equipment 1050 Accounts Payable 5964 Unearned Service Revenue 546 Salaries and Wages Payable 420 Common Stock 16800 Retained Earnings 5880 Service Revenue 5901 Sales Revenue 4620 Sales Discounts 92 Cost of Goods Sold 3360 Salaries and Wages Expense 3066 Rent Expense 315 Depreciation Expense 210 Supplies Expense 806 Totals $ 41181 $ 41181 List of Accounts Prepare a multiple-step income statement for November. SHAMROCK, INC. Income Statement For the Month Ended November 30, 2017 V Sales Sales Revenue 4620 Less V Sales Discounts 92 Net Sales $ 45 Service Revenue 591 Total Revenues 104 Less Cost of Goods Sold 3360 Gross Profit 70 Expenses 3066 Salaries and Wages Expense Rent Expense Depreciation Expense 315 i 210 i Supplies Expense 806 i Total Expenses 4397 Net Income /(Loss) 26 List of Accounts Attempts: 3 of 4 used Part 7 Your answer is correct. Prepare a retained earnings statement for November. SHAMROCK, INC. Retained Earnings Statement For the Month Ended November 30. 2017 V $ 5,880 Retained Earnings. November 1 Net Income /(Loss) Add V 2,672 Retained Earnines. November 30 $ 8552 List of Accounts Part 8 Prepare a classified balance sheet at November 30. (List Current Assets in order of liquidity.) SHAMROCK, INC. Balance Sheet Assets $ $ GA Liabilities and Stockholders' Equity $ GA 2 List of Accounts