On November 1, 2022, the following were the account balances of Crane Equipment Repair Limited. Crane's year- end is October 31 and it records adjusting entries monthly. Credit CRANE EQUIPMENT REPAIR LIMITED Post-Closing Trial Balance November 1, 2022 Debit Cash $2.970 Accounts receivable 2,790 Supplies 1,200 Equipment 10,000 Accumulated depreciation - Equipment Accounts payable Salaries payable Deferred revenue Common shares Retained earnings $16,960 $6,000 2,350 610 380 1,000 6,620 $16,960 During November, the following summary transactions were completed. Nov. 8 10 12 15 17 Paid $1,240 for salaries due employees, of which $630 is for November and $610 is for October salaries payable. Received $1,470 cash from customers in payment of account. Received $3,330 cash for services performed in November Purchased equipment on account $4,160. Purchased supplies on account $1,340. Paid creditors $2,640 on account. Paid November rent $450. Paid salaries $1,100. Performed services on account and billed customers for services provided $890. Received $610 from customers for services to be provided in the future. 20 22 25 27 29 Adjustment data: 1. 2. 3. Supplies on hand are valued at $1,200. Accrued salaries payable are $480. Depreciation on equipment for the month is $250. Deferred revenue of $320 is earned. Incurred income taxes for the month amounting to $50, to be paid next month. 4. 5. Enter the November 1 balances in the ledger accounts. Cash Accounts Receivable Supplies Equipment Accumulated Depreciation - Equipment Accounts Payable Salaries Payable Deferred Revenue Common Shares Retained Earnings