On October $31,2024,$ the account balances of Davis Equipment Repair were as follows.

Debit

Credit

Cash

$$2,290$

Accumulated Depreciation$-$Equipment

$$1,890$

Accounts Receivable

$4,140$

Accounts Payable

$2,490$

Supplies

$1,690$

Unearned Revenue

$1,090$

Equipment

$11,890$

Salaries Payable

$590$

J$.$ Davis, Capital

$13,950$

$$20,010$

$$20,010$

During November, the following summary transactions were completed.

Paid $$1,590$ for salaries due employees, of which $$590$ is for October salaries.

Received $$3,510$ cash from customers on account.

Received $$2,990$ cash for services performed in November.

Purchased supplies on account, $$590.$

Q Search

Nov. $8$

$10$

$12$

$15$

Purchased equipment on account, $$1,890.17$

Purchased supplies on account, $$590.$

$20$

Paid creditors on account, $$2,590.$

$22$

Paid November rent of $$290.$

$22$

Paid salaries of $$1,590.$

$27$

Performed services on account and billed customers for these services, $$2,090.$

$29$ Received $$490$ from customers for future service.

Adjustment data consist of:

$1.$ Supplies on hand, $$1,290$

$2.$ Accrued salaries payable, $$240$

$3.$ Depreciation for the month is $$90$

$4.$ Services related to unearned revenue of $$1,110$ were performed during the month Enter the October $31$ balances in the ledger accounts.

Cash

V

Accounts Receivable

Supplies

Equipment

Accumulated Depreciation$-$Equipment Accounts Payable

Unearned Revenue

Salaries Payable

J$.$ Davis, Capital

V Question $1$ of $1$

$-/1$

Prepare the November transaction entries. $($Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.$)$

Date

Account Titles and Explanation

Debit

Credit Post the November transaction entries. $($Post entries in the order of journal entries presented in the previous part. If the balance is zero

$(0),$ select date from drop down and enter $0$ for the amounts.$)$

Nov. $1$

Cash

$2,290$ Accounts Receivable

$4,140$

~

Nov. $1$

Supplies

$1,690$

$<$

V

Nov.$1$

Equipment Accumulated Depreciation$-$Equipment

Nov. $1$

$1,890$

Accounts Payable

Nov. $1$

$2,490$

~

Unearned Revenue

Nov. $1$

$1,090$ Salaries Payable

Nov. $1$

J$.$ Davis, Capital

Nov. $1$

Service Revenue

$$

Salaries Expense

Search

$-/1$

$590$

$>$

$13,950$

$>$ Rent Expense

e Textbook and Media

List of Accounts

Prepare a trial balance at November $30.($Do not list those accounts that have zero ending balance.$)$

DAVIS EQUIPMENT REPAIR

Trial Balance

V

Debit

Credit Prepare the adjusting entries for the month. $($Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List all debit entries before credit entries.$)$

$$

No$.$

$1.$

Date

Account Titles and Explanation

Debit

Credit Post the adjusting entries for the month. $($Post entries in the order of journal entries presented in the previous part.$)$

Cash

Nov. $1$

$2,290$

Nov. $8$

$1,590$

Nov. $10$

$3,510$

Nov. $20$

$2,590$

Nov. $12$

$2,990$

Nov. $22$

$290$

Nov. $29$

$490$

Nov. $22$

$1,590$

Bal.

$3,220$ Accounts Receivable

$4,140$

Nov. $10$

$2,090$

$2,720$

Supplies

$1,690$

$590$

$2,280$

Equipment

$11,890$

$1,890$

$13,780$

v Accumulated Depreciation$-$Equipment

Nov. $1$

~

Accounts Payable

$2,590$

Nov. $1$

Nov. $15$

Nov. $17$

Bal.

Unearned Revenue

Nov. $1$

Nov. $29$

Bal.

$-/1$

$$

$1,890$

$2,490$

$1,890$

$590$

$2,380$

$1,090$

$490$

$1,580$ Salaries Payable

$590$

Nov. $1$

$590$

J$.$ Davis, Capital

Nov. $1$

$13,950$

Service Revenue

Nov. $12$

Nov. $27$

Bal.

$2,990$

$2,090$

$5,080$ Nov. $8$

Nov. $22$

Bal.

Nov. $22$

$-/1$

$$

V

Salaries Expense

$1,000$

$1,590$

$2,590$

Rent Expense

$290$

Depreciation Expense Prepare an adjusted trial balance.

Coarch

DAVIS EQUIPMENT REPAIR

Adjusted Trial Balance

Debit

V

$$-11$Credit Prepare an income statement for November.

DAVIS EQUIPMENT REPAIR

Income Statement