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On November 30, 2021, the Concord Equipment Repair Corp.s adjusted trial balance was as follows. The company closes its books monthly. Post the closing entries
On November 30, 2021, the Concord Equipment Repair Corp.s adjusted trial balance was as follows. The company closes its books monthly. 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.) Accumulated Depreciation-Equipment \begin{tabular}{l|lr} \hline & Nov. 1 Bal. & 3,600 \\ & Nov. 30 Adj. & 300 \\ \hline & Nov. 30 Bal. & 3,900 \end{tabular} \begin{tabular}{rl|lr} \multicolumn{3}{c}{ Accounts Payable } \\ \hline & & Nov. 1 Bal. & 4,600 \\ Nov. 21 & 4,600 & Nov. 20 & 600 \\ \hline & Nov. 30 Bal. & 600 \end{tabular} Deferred Revenue \begin{tabular}{l|lr} \multicolumn{4}{c}{ Common Shares } \\ \hline & Nov. 1 Bal. & 9,500 \\ & Nov. 13 & 5,500 \\ \hline & Nov. 30 Bal. & 15,000 \end{tabular} Dividends Declared Nov. 28 Nov. 30Bal, Service Revenue Income Tax Expense \begin{tabular}{l} Nov. 30 Adj. \\ Nov. 30 Bal. \\ \hline \\ \hline \end{tabular} 1,100 1,100 i 1100 Supplies Expense Nov. 30 Adj. Nov, 30 Bal. 3,600 3,600 Depreciation Expense Nov. 30 Adj. Nov. 30Bal. Salaries Expense Income Summary Nov. 30 CE2 v 16300
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