On November 1, 2025, Shamrock Inc. had the following account balances. The company uses the perpetual inventory method. Cash Accounts Receivable Supplies Equipment 10 11 Debit 12 $9,900 15 2,464 946 27,500 $40,810 Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue During November, the following summary transactions were completed. Salaries and Wages Payable Common Stock Retained Earnings Credit $1,100 3,740 4,400 1,870 Nov. 8 Paid $3,905 for salaries due employees, of which $2,035 is for November and $1,870 is for October. Received $2,090 cash from customers in payment of account. Purchased merchandise on account from Dimas Discount Supply for $8,800, terms 2/10, n/30. Sold merchandise on account for $6,050, terms 2/10, n/30. The cost of the merchandise sold was $4,400. Received credit from Dimas Discount Supply for merchandise returned $350. 22,000 7,700 $40,810 #coca
On November 1,2025 , Shamrock Inc. had the following account balances. The company uses the perpetual imventory method. During November, the following summary transactions were completed. Nov. 8 Paid $3,905 for salaries due employees, of which $2,035 is for November and $1.870 is for October: 10 Received $2,090 cash from customers in payment of account. 11 Purchased merchandise on account from Dimas Discount Supply for $8,800, terms 2/10,n/30, 12 Sold merchindise on account for $6,050, terms 2/10,n/30. The cost of the merchandise sold was $4,400. 15 Received credit from Dimas Discount Supply for merchandise returned $350. During November, the following summary transactions were completed. Nov, 8 Paid $3,905 for salaries due employees, of which $2,035 is for November and $1,870 is for October, 10 Received $2,090 cash from customers in payment of account. 11 Purchased merchandise on account from Dimas Discount Supply for $8,800, terms 2/10,n/30. 12 Sold merchandise on account for $6,050, terms 2/10,n/30. The cost of the merchandise sold was $4,400. 15 Received credit from Dimas Discount Supply for merchandise returned $350. 19 Received collections in full, less discounts, from customers billed on sales of $6,050 on November 12. 20 Paid Dimas Discount Supply in full, less discount. 22 Received $2,530 cash for services performed in November. 25 Purchased equipment on account \$5,500. 27 Purchased supplies on account $1,870. 28 Paid creditors $3,300 of accounts payable due. 29 Paid November rent $412. 29 Paid salaries $1,430. 29 Performed services on account and billed customers $770 for those services. 29 Received $743 from customers for services to be performed in the future. Adjustment data; 1. Supplies on hand are valued at $1,760. 2. Accrued salaries payable are $550. 3. Depreciation for the month is $275. 4. $715 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. List all debit entries before credit entries.) no entry is required, select "No Entry" for the occount titles and enter O for the amounts, List all debit entries before credit entries) Post the above adjusting entries. (Post entries in the order of joumal entries presented above) Post the above adjusting entries. (Post entries in the order of journal entries presented above.) \begin{tabular}{l|ll} & 11/20 & 169 \\ \hline 11/30 Bal. & 3,881 & \end{tabular} Supplies \begin{tabular}{ll|l|l|} \hline 11/1 Bal. & 946 & \\ \hline 11/27 & 1.870 & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{lr|r|} \multicolumn{2}{c}{ Equipment } \\ \hline 11/1 Bal. & 27,500 & \\ 11/25 & 5,500 & \\ \hline 11/30 Bal. & 33,000 & \end{tabular} Accumulated Depreciation-Equipment 11/1 Bal. 1,100 \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Accounts Payable } \\ \hline 11/15 & 350 & 11/1 Bal. & 3.740 \\ \hline 11/20 & 8,450 & 11/11 & 8,800 \\ \hline \multirow[t]{3}{*}{11/28} & 3,300 & 11/25 & 5,500 \\ \hline & & 11/27 & 1,870 \\ \hline & & 11/30Bal & 7,810 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ Unearned Service Revenue } \\ \hline & 11/1 Bal. & 4,400 \\ \hlinev & 11/29 & 743 \\ \hline & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Salaries and Wages Payable } \\ \hline 11/8 & 1,870 & 11/1 Bal. & 1,870 \\ \hlinev & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{l|ll} \multicolumn{4}{c}{ Common Stock } & \\ \hline & 11/1 Bal. & 22,000 \\ \hline & 11/30 Bal. & 22,000 \end{tabular} Retained Earnings 11/1Bal. 7,700 Service Revenue \begin{tabular}{ll} 11/22 & 2,530 \end{tabular} 11/29 770 Depreciation Expense Supplies Expense Supplies Expense Salaries and Wages Expense Sales Discounts
