On October 31, 2018, Alou Equipment Repair Corp.s opening trial balance was as follows. The company adjusts its accounts monthly. 1. Prepare journal entries to record the November transactions. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts

2. Set up T accounts, enter any opening balances, and post the journal entries prepared in the above part. (Post entries in the order of journal entries presented in the previous part.)

3. Prepare a trial balance at November 30.

Debit Credit Cash Accounts receivable $ 15,410 15,830 4,000 18,000 Supplies Equipment Accumulated depreciation-equipment Accounts payable Salaries payable Unearned revenue Common shares Retained earnings $3,600 4,490 1,000 940 10,010 33,200 $53,240 $53,240 During November, the following transactions were completed: Nov. 9 13 13 19 20 21 Paid $2,330 to employees for salaries due, of which $1,000 is for October salaries payable and $1,330 for November. Issued common shares for $4,990. Received $12,320 cash from customers in payment of accounts. Received $11,400 cash for services performed in November. Purchased supplies on account, $600. Paid creditors $4,490 of accounts payable due. Paid November rent, $600. Paid salaries, $2,270. Performed services on account, $3,710. Declared and paid a cash dividend, $500. Received $1,160 from customers for services to be performed in the future. 23 23 27 28 30