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On November 30, 2018, the Alou Equipment Repair Corp's adjusted trial balance was as follows. The company closes its books monthly. ALOU EQUIPMENT REPAIR CORP.
On November 30, 2018, the Alou Equipment Repair Corp's adjusted trial balance was as follows. The company closes its books monthly. ALOU EQUIPMENT REPAIR CORP. Trial Balance November 30, 2018 After Adjustment Debit Credit Cash $ 35,430 Accounts Receivable 7,220 Supplies 1,000 Equipment 18,000 Accumulated Depreciation - Equipment 3,900 Accounts Payable 600 Salaries Payable 1,000 Income Tax Payable 1,100 Unearned Revenue 1,300 Common Shares 15,000 Retained Earnings 33,200 Dividends Declared 550 Service Revenue 16,300 Salaries Expense 4,600 Rent Expense 600 Supplies Expense 3,600 Income Tax Expense 1,100 Depreciation Expense 300 Totals $ 72,400 $ 72,400 Post the closing entries to the T accounts. (CE means closing entry.) (Post entries in the order of journal entries presented in the previous part.) 2,200 4,600 Nov. 1 Bal. Nov. 13 Nov. 13 Nov. 19 Nov. 30 Nov. 30 Bal. Cash 22,780 Nov.9 5,500 Nov. 21 4,900 Nov. 23 11,500 Nov. 23 1,100 Nov. 28 35,430 600 2,400 550 Nov. 1 Bal. Nov. 27 Nov. 30 Bal. Accounts Receivable 8,120 4,000 Nov. 13 7.220 4,900 Nov. 1 Bal. Nov. 20 Nov. 30 Bal. Supplies 4,000 600 4,600 Nov. 30 Adj 1,000 3,600 Nov. 30 Bal. Nov. 1 Bal. Nov. 30 Bal. Equipment 18,000 18,000 Income Tax Expense 1,100 Nov. 30 Adj. Nov. 30 Bal. 1,100 Supplies Expense 3,600 Nov. 30 Adj. Nov. 30 Bal. 3,600 Depreciation Expense Nov. 30 Adi. 300 Nov. 30 Bal. 300 Nov. 9 Nov. 23 Nov. 30 Bal. Nov. 30 Adj. Salaries Expense 1,200 2,400 3,600 1,000 Nov. 30 Bal. 4,600 Income Summary Retained Earnings Nov. 1 Bal. 33,200 Dividends Declared Nov. 28 550 Nov. 30 Bal. 550 Service Revenue Nov. 19 Nov. 27 Nov. 30 Bal. Nov. 30 Adj. 11,500 4,000 15,500 800 Rent Expense Nov. 23 600 Nov. 30 Bal. 600 Income Tax Expense 1,100 Nov. 30 Adi
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