On November 1, 2022, Windsor had the following account balances. The company uses the perpetual inventory method. Cash Accounts Receivable Supplies Equipment Debit $24,300 6,048 2,322 67,500 $100,170 Accumulated Depreciation Equipment Accounts Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings Credit $2,700 9,180 10,800 4,590 54,000 18,900 $100,170 During November, the following summary transactions were completed. Nov. 8 10 11 12 15 19 20 22 25 27 28 29 29 29 29 Paid $9,585 for salaries due employees, of which $4,995 is for November and $4,590 is for October Received $5,130 cash from customers in payment of account. Purchased merchandise on account from Dimas Discount Supply for $21,600, terms 2/10, n/30. Sold merchandise on account for $14,850, terms 2/10, n/30. The cost of the merchandise sold was $10,800. Received credit from Dimas Discount Supply for merchandise returned $810. Received collections in full, less discounts, from customers billed on sales of $14,850 on November 12. Paid Dimas Discount Supply in full, less discount. Received $6,210 cash for services performed in November. Purchased equipment on account $13,500. Purchased supplies on account $4,590. Paid creditors $8,100 of accounts payable due. Paid November rent $1,012. Paid salaries $3,510. Performed services on account and billed customers $1,890 for those services. Received $1,823 from customers for services to be performed in the future. (d) Your answer is correct. Adjustment data: 1. 2. 3. 4. Supplies on hand are valued at $4,320. Accrued salaries payable are $1,350. Depreciation for the month is $675. $1,755 of services related to the unearned service revenue has not been performed by month-end. Journalize the adjusting entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Credit No. Date Account Titles and Explanation 1. Nov. 30 Supplies Expense I Supplies T 2592 2. Nov. 30 salaries and Wages Expense Salaries and Wages Payable E BEBEKLER 3. Nov. 30 Depreciation Expense | Accumulated Depreciation-Equipment 675 4. Nov. 30 Tunearned Service Revenue 108681 | Service Revenue 10868 WINDSOR Adjusted Trial Balance November 30, 2022 Debit Credit Tcash 9435 Accounts Receivable 2808 Inventory 9574 Supplies 4320 81000 Equipment Accumulated Depreciation Equipment 3375 Accounts Payable 19170 Unearned Service Revenue 1755 Salaries and Wages Payable 1350 Common Stock 54000 Retained Earnings 18900 Service Revenue 18968 Depreciation Expense Supplies Expense 2592 Supplies Expense 2592 Salaries and Wages Expense 9855 Rent Expense 1012 Sales Revenue T 14850 Cost of Goods Sold T 10800 Sales Discounts 297 Totals 132368 132368 Prepare a classified balance sheet at November 30. (List Current Assets in order of liquidity.) WINDSOR Balance Sheet November 30, 2022 Assets $ $ $ Liabilities and Stockholders' Equity
