On November 1, 2017, the following were the account balances of Soho Equipment Repair. Debit Credit Cash $ 3,220 Accumulated DepreciationEquipment $ 500 Accounts Receivable 3,150 Accounts Payable 2,730 Supplies 1,550 Unearned Service Revenue 400 Equipment 10,430 Salaries and Wages Payable 860 Common Stock 10,430 Retained Earnings 3,430 $18,350 $18,350 During November, the following summary transactions were completed. Nov. 8 Paid $1,220 for salaries due employees, of which $360 is for November and $860 is for October salaries payable. 10 Received $1,820 cash from customers in payment of account. 12 Received $3,770 cash for services performed in November. 15 Purchased store equipment on account $3,610. 17 Purchased supplies on account $1,320. 20 Paid creditors $2,530 of accounts payable due. 22 Paid November rent $460. 25 Paid salaries $1,050. 27 Performed services on account worth $960 and billed customers. 29 Received $760 from customers for services to be performed in the future. Collapse question part (a) Correct answer. Your answer is correct. Enter the November 1 balances in the ledger accounts. Cash Entry field with correct answer Entry field with correct answer 3220 Entry field with correct answer Entry field with correct answer Accounts Receivable Entry field with correct answer Entry field with correct answer 3150 Entry field with correct answer Entry field with correct answer Supplies Entry field with correct answer Entry field with correct answer 1550 Entry field with correct answer Entry field with correct answer Equipment Entry field with correct answer Entry field with correct answer 10430 Entry field with correct answer Entry field with correct answer Accumulated DepreciationEquipment Entry field with correct answer Entry field with correct answer Entry field with correct answer Entry field with correct answer 500 Accounts Payable Entry field with correct answer Entry field with correct answer Entry field with correct answer Entry field with correct answer 2730 Unearned Service Revenue Entry field with correct answer Entry field with correct answer Entry field with correct answer Entry field with correct answer 400 Salaries and Wages Payable Entry field with correct answer Entry field with correct answer Entry field with correct answer Entry field with correct answer 860 Common Stock Entry field with correct answer Entry field with correct answer Entry field with correct answer Entry field with correct answer 10430 Retained Earnings Entry field with correct answer Entry field with correct answer Entry field with correct answer Entry field with correct answer 3430 Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS SHOW ANSWER LINK TO TEXT LINK TO TEXT LINK TO TEXT Attempts: 1 of 3 used Collapse question part (b) Correct answer. Your answer is correct. Journalize the November transactions. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Nov. 8 Entry field with correct answer Salaries and Wages Payable Entry field with correct answer 860 Entry field with correct answer Entry field with correct answer Salaries and Wages Expense Entry field with correct answer 360 Entry field with correct answer Entry field with correct answer CASH Entry field with correct answer Entry field with correct answer 1220 Entry field with correct answer Entry field with correct answer CASH Entry field with correct answer 1820 Entry field with correct answer Entry field with correct answer Accounts Receivable Entry field with correct answer Entry field with correct answer 1820 Entry field with correct answer Entry field with correct answer CASH Entry field with correct answer 3770 Entry field with correct answer Entry field with correct answer Service Revenue Entry field with correct answer Entry field with correct answer 3770 Entry field with correct answer Entry field with correct answer Equipment Entry field with correct answer 3610 Entry field with correct answer Entry field with correct answer Accounts Payable Entry field with correct answer Entry field with correct answer 3610 Entry field with correct answer Entry field with correct answer Supplies Entry field with correct answer 1320 Entry field with correct answer Entry field with correct answer Accounts Payable Entry field with correct answer Entry field with correct answer 1320 Entry field with correct answer Entry field with correct answer Accounts Payable Entry field with correct answer 2530 Entry field with correct answer Entry field with correct answer CASH Entry field with correct answer Entry field with correct answer 2530 Entry field with correct answer Entry field with correct answer Rent Expense Entry field with correct answer 460 Entry field with correct answer Entry field with correct answer CASH Entry field with correct answer Entry field with correct answer 460 Entry field with correct answer Entry field with correct answer Salaries and Wages Expense Entry field with correct answer 1050 Entry field with correct answer Entry field with correct answer CASH Entry field with correct answer Entry field with correct answer 1050 Entry field with correct answer Entry field with correct answer Accounts Receivable Entry field with correct answer 960 Entry field with correct answer Entry field with correct answer Service Revenue Entry field with correct answer Entry field with correct answer 960 Entry field with correct answer Entry field with correct answer CASH Entry field with correct answer 760 Entry field with correct answer Entry field with correct answer Unearned Service Revenue Entry field with correct answer Entry field with correct answer 760 Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS SHOW ANSWER LINK TO TEXT LINK TO TEXT LINK TO TEXT Attempts: 1 of 3 used Collapse question part (c) Correct answer. Your answer is correct. Post above journal entries to the ledger accounts. (Post entries in the order of journal entries passed in the previous question.) Cash 11/1 Bal. 3,220 Entry field with correct answer Entry field with correct answer 1220 Entry field with correct answer Entry field with correct answer 1820 Entry field with correct answer Entry field with correct answer 2530 Entry field with correct answer Entry field with correct answer 3770 Entry field with correct answer Entry field with correct answer 460 Entry field with correct answer Entry field with correct answer 760 Entry field with correct answer Entry field with correct answer 1050 Entry field with correct answer Entry field with correct answer 4310 Entry field with correct answer Entry field with correct answer Accounts Receivable 11/1 Bal. 3,150 Entry field with correct answer Entry field with correct answer 1820 Entry field with correct answer Entry field with correct answer 960 Entry field with correct answer Entry field with correct answer Entry field with correct answer Entry field with correct answer 2290 Entry field with correct answer Entry field with correct answer Supplies 11/1 Bal. 1,550 Entry field with correct answer Entry field with correct answer Entry field with correct answer Entry field with correct answer 1320 Entry field with correct answer Entry field with correct answer Entry field with correct answer Entry field with correct answer 2870 Entry field with correct answer Entry field with correct answer Equipment 11/1 Bal. 10,430 Entry field with correct answer Entry field with correct answer Entry field with correct answer Entry field with correct answer 3610 Entry field with correct answer Entry field with correct answer Entry field with correct answer Entry field with correct answer 14040 Entry field with correct answer Entry field with correct answer Accumulated Depreciation Equipment Entry field with correct answer Entry field with correct answer 11/1 Bal. 500 Accounts Payable Entry field with correct answer Entry field with correct answer 2530 11/1 Bal. 2,730 Entry field with correct answer Entry field with correct answer Entry field with correct answer Entry field with correct answer 3610 Entry field with correct answer Entry field with correct answer Entry field with correct answer Entry field with correct answer 1320 Entry field with correct answer Entry field with correct answer Entry field with correct answer Entry field with correct answer 5130 Unearned Service Revenue Entry field with correct answer Entry field with correct answer 11/1 Bal. 400 Entry field with correct answer Entry field with correct answer Entry field with correct answer Entry field with correct answer 760 Entry field with correct answer Entry field with correct answer Entry field with correct answer Entry field with correct answer 1160 Salaries and Wages Payable Entry field with correct answer Entry field with correct answer 860 11/1 Bal. 860 Entry field with correct answer Entry field with correct answer Entry field with correct answer Entry field with correct answer 0 Common Stock Entry field with correct answer Entry field with correct answer 11/1 Bal. 10,430 Entry field with correct answer Entry field with correct answer Entry field with correct answer Entry field with correct answer 10430 Retained Earnings Entry field with correct answer Entry field with correct answer 11/1 Bal. 3,430 Entry field with correct answer Entry field with correct answer Entry field with correct answer Entry field with correct answer 3430 Service Revenue Entry field with correct answer Entry field with correct answer Entry field with correct answer Entry field with correct answer 3770 Entry field with correct answer Entry field with correct answer Entry field with correct answer Entry field with correct answer 960 Entry field with correct answer Entry field with correct answer Entry field with correct answer Entry field with correct answer 4730 Salaries and Wages Expense Entry field with correct answer Entry field with correct answer 360 Entry field with correct answer Entry field with correct answer Entry field with correct answer Entry field with correct answer 1050 Entry field with correct answer Entry field with correct answer Entry field with correct answer Entry field with correct answer 1410 Entry field with correct answer Entry field with correct answer Rent Expense Entry field with correct answer Entry field with correct answer 460 Entry field with correct answer Entry field with correct answer Entry field with correct answer Entry field with correct answer 460 Entry field with correct answer Entry field with correct answer Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS SHOW ANSWER LINK TO TEXT LINK TO TEXT LINK TO TEXT Attempts: 2 of 3 used Collapse question part (d) Correct answer. Your answer is correct. Prepare a trial balance at November 30. SOHO EQUIPMENT REPAIR Trial Balance Entry field with correct answer Debit Credit Entry field with correct answer CASH $Entry field with correct answer 4310 $Entry field with correct answer Entry field with correct answer Accounts Receivable Entry field with correct answer 2290 Entry field with correct answer Entry field with correct answer Supplies Entry field with correct answer 2870 Entry field with correct answer Entry field with correct answer Equipment Entry field with correct answer 14040 Entry field with correct answer Entry field with correct answer Accumulated Depreciation-Equipment Entry field with correct answer Entry field with correct answer 500 Entry field with correct answer Accounts Payable Entry field with correct answer Entry field with correct answer 5130 Entry field with correct answer Unearned Service Revenue Entry field with correct answer Entry field with correct answer 1160 Entry field with correct answer Common Stock Entry field with correct answer Entry field with correct answer 10430 Entry field with correct answer Retained Earnings Entry field with correct answer Entry field with correct answer 3430 Entry field with correct answer Service Revenue Entry field with correct answer Entry field with correct answer 4730 Entry field with correct answer Salaries and Wages Expense Entry field with correct answer 1410 Entry field with correct answer Entry field with correct answer Rent Expense Entry field with correct answer 460 Entry field with correct answer $Entry field with correct answer 25380 $Entry field with correct answer 25380 Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS SHOW ANSWER LINK TO TEXT LINK TO TEXT LINK TO TEXT Attempts: 1 of 3 used Collapse question part (e1) Correct answer. Your answer is correct. Journalize the following adjusting entries. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) 1. Supplies on hand are valued at $1,120. 2. Accrued salaries payable are $500. 3. Depreciation for the month is $270. 4. Services were performed to satisfy $500 of unearned service revenue. No. Account Titles and Explanation Debit Credit 1. Entry field with correct answer Supplies Expense Entry field with correct answer 1750 Entry field with correct answer Entry field with correct answer Supplies Entry field with correct answer Entry field with correct answer 1750 2. Entry field with correct answer Salaries and Wages Expense Entry field with correct answer 500 Entry field with correct answer Entry field with correct answer Salaries and Wages Payable Entry field with correct answer Entry field with correct answer 500 3. Entry field with correct answer Depreciation Expense Entry field with correct answer 270 Entry field with correct answer Entry field with correct answer Accumulated Depreciation-Equipment Entry field with correct answer Entry field with correct answer 270 4. Entry field with correct answer Unearned Service Revenue Entry field with correct answer 500 Entry field with correct answer Entry field with correct answer Service Revenue Entry field with correct answer Entry field with correct answer 500 Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER LINK TO TEXT LINK TO TEXT LINK TO TEXT Attempts: 1 of 3 used Collapse question part (e2) Post the above adjusting entries. (Post entries in the order of journal entries passed in the previous question.) Cash 11/1 Bal. 3,220 11/8 1,220 11/10 1,820 11/20 2,530 11/12 3,770 11/22 460 11/29 760 11/25 1,050 11/30 Bal. 4,310 Accounts Receivable 11/1 Bal. 3,150 11/10 1,820 11/27 960 11/30 Bal. 2,290 Supplies 11/1 Bal. 1,550 11/27 1,320 2870 Equipment 11/1 Bal. 10,430 11/15 3,610 11/30 Bal. 14,040 Accumulated DepreciationEquipment 11/1 Bal. 500 500 Accounts Payable 11/20 2,530 11/1 Bal. 2,730 11/15 3,610 11/17 1,320 11/30 Bal. 5,130 Unearned Service Revenue 11/1 Bal. 400 11/29 760 1160 Salaries and Wages Payable 11/8 860 11/1 Bal. 860 Common Stock 11/1 Bal. 10,430 11/30 Bal. 10,430 Retained Earnings 11/1 Bal. 3,430 11/30 Bal. 3,430 Service Revenue 11/12 3,770 11/27 960 Depreciation Expense Supplies Expense Salaries and Wages Expense 11/8 360 11/25 1,050 Rent Expense 11/22 460 11/30 Bal. 460