On November 1, 2022, the following were the account balances of Carla Vista Equipment Repair.
On November 1, 2022, the following were the account balances of Carla Vista Equipment Repair. Debit Credit Cash $ 3,520 Accumulated Depreciation Equipment $ 500 Accounts Receivable 3,090 Accounts Payable 3,030 Supplies 400 1,850 Unearned Service Revenue 10,730 Salaries and Wages Payable Equipment 800 Common Stock 10,730 Retained Earnings 3,730 $19,190 $19,190 During November, the following summary transactions were completed. Nov. 8 Paid $1,220 for salaries due employees, of which $420 is for November and $800 is for October salaries payable. 10 Received $1,820 cash from customers in payment of account. 12 Received $3,810 cash for services performed in November. 15 Purchased store equipment on account $3,770. 17 Purchased supplies on account $1,410. 20 Paid creditors $2,560 of accounts payable due. 22 Paid November rent $550. 25 Paid salaries $1,070. 27 Performed services on account worth $910 and billed customers. 29 Received $770 from customers for services to be performed in the future. Enter the November 1 balances in the ledger accounts. Cash Accounts Receivable Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings Journalize the November transactions. (If no entry is required, select "No Entry" for the account titles and enter Ofor 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 Post above journal entries to the ledger accounts. (Post entries in the order of journal entries passed in the previous question. If the balance is zero (O), select date from drop down and enter for the amounts.) Cash 11/1 Bal. 3,520 Accounts Receivable 11/1 Bal. 3,090 Supplies 1 1/1 Ral 1 850 Supplies 11/1 Bal. 1,850 Equipment 11/1 Bal. 10,730 Accumulated Depreciation - Equipment 11/1 Bal. 500 Accounts Payable 11/1 Bal. 3,030 Common Stock 11/1 Bal. 10,730 Retained Earnings 11/1 Bal. 3,730 Service Revenue Salaries and Wages Expense Common Stock 11/1 Bal. 10,730 Retained Earnings 11/1 Bal. 3,730 Service Revenue Salaries and Wages Expense Salaries and Wages Expense Rent Expense Prepare a trial balance at November 30. CARLA VISTA EQUIPMENT REPAIR Trial Balance Debit Credit A Journalize the following adjusting entries. (If no entry is required, select "No Entry" for the account titles and enter 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 $1,150. 2. Accrued salaries payable are $510. 3. Depreciation for the month is $290. 4. Services were performed to satisfy $510 of unearned service revenue. No. Account Titles and Explanation Debit Credit Post the above adjusting entries. (Post entries in the order of journal entries passed in the previous question.) Cash 11/1 Bal. 1,220 11/10 3,520 11/8 1,820 11/20 3,810 11/22 2,560 11/12 550 11/29 770 11/25 1,070 11/30 Bal. 4,520 Accounts Receivable 11/1 Bal. 3,090 11/10 1,820 11/27 910 11/30 Bal. 2,180 Supplies 11/1 Bal. 1,850 11/27 1,410 Equipment 11/1 Bal. 10,730 11/15 3,770 11/30 Bal. 14,500 Accumulated Depreciation Equipment 11/1 Bal. 500 Accounts Payable 11/20 2,560 11/1 Bal. 3,030 11/15 3,770 11/17 1,410 11/30 Bal. 5,650 Unearned Service Revenue 11/1 Bal. 400 Unearned Service Revenue 11/1 Bal. 400 11/29 770 Salaries and Wages Payable 11/8 800 11/1 Bal. 800 Common Stock 11/1 Bal. 10,730 11/30 Bal. 10,730 Retained Earnings 11/1 Bal. 3,730 11/30 Bal. 3,730 Service Revenue Service Revenue 11/12 3,810 11/27 910 Depreciation Expense Supplies Expense Salaries and Wages Expense 11/8 Salaries and Wages Expense 11/8 420 11/25 1,070 Rent Expense 11/22 550 11/30 Bal. 550 Salaries and Wages Expense 11/8 420 11/25 1,070 Rent Expense 11/22 550 11/30 Bal. 550 Prepare an adjusted trial balance. CARLA VISTA EQUIPMENT REPAIR Trial Balances Debit Credit Prepare an income statement for November 30. CARLA VISTA EQUIPMENT REPAIR Income Statement Prepare a retained earnings statement for November 30. CARLA VISTA EQUIPMENT REPAIR Retained Earnings Statement $ $ Prepare a classified balance sheet at November 30. (List current assets in order of liquidity.) CARLA VISTA EQUIPMENT REPAIR Balance Sheet Assets $ Liabilities and Stockholders' Equity $
