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On November 1, 2022, the account balances of Blue Spruce Corp. were as follows. No. Debits No. Credits 101 Cash $ 2,880 154 Accumulated DepreciationEquipment
On November 1, 2022, the account balances of Blue Spruce Corp. were as follows.
No. | Debits | No. | Credits | |||||||
---|---|---|---|---|---|---|---|---|---|---|
101 | Cash | $ 2,880 | 154 | Accumulated DepreciationEquipment | $ 2,400 | |||||
112 | Accounts Receivable | 5,100 | 201 | Accounts Payable | 3,120 | |||||
126 | Supplies | 2,160 | 209 | Unearned Service Revenue | 1,440 | |||||
153 | Equipment | 14,400 | 212 | Salaries and Wages Payable | 840 | |||||
311 | Common Stock | 12,000 | ||||||||
320 | Retained Earnings | 4,740 | ||||||||
$24,540 | $24,540 |
During November, the following summary transactions were completed.
Nov. 8 | Paid $2,040 for salaries due employees, of which $840 is for October salaries. | |
10 | Received $4,096 cash from customers on account. | |
12 | Received $3,720 cash for services performed in November. | |
15 | Purchased equipment on account $2,400. | |
17 | Purchased supplies on account $840. | |
20 | Paid creditors on account $3,240. | |
22 | Paid November rent $480. | |
25 | Paid salaries $2,040. | |
27 | Performed services on account and billed customers $2,280 for these services. | |
29 | Received $720 from customers for future service. |
A. Prepare a trial balance at November 30.
Blue Spruce Corp. Trial Balance choose the accounting period November 30, 2022For the Quarter Ended November 30, 2022For the Month Ended November 30, 2022 | |||
---|---|---|---|
Debit | Credit | ||
enter an account title | $enter a debit balance | $enter a credit balance | |
enter an account title | enter a debit balance | enter a credit balance | |
enter an account title | enter a debit balance | enter a credit balance | |
enter an account title | enter a debit balance | enter a credit balance | |
enter an account title | enter a debit balance | enter a credit balance | |
enter an account title | enter a debit balance | enter a credit balance | |
enter an account title | enter a debit balance | enter a credit balance | |
enter an account title | enter a debit balance | enter a credit balance | |
enter an account title | enter a debit balance | enter a credit balance | |
enter an account title | enter a debit balance | enter a credit balance | |
enter an account title | enter a debit balance | enter a credit balance | |
enter an account title | enter a debit balance | enter a credit balance | |
Totals | $enter a total for the debit column | $enter a total for the credit column |
B. Prepare an adjusted trial balance.
C. Prepare an income statement for November 30
D.Prepare a retained earnings statement for Novemebr 30.
E. Prepare a balance sheet at November 30
PLEASE COMPLETE ALL PARTS THANK YOU!
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