P4-8-On November 1, 2025, the following were the account balances of Soho Equipment Repair: Cash Debits $2,790 Accumulated Depreciation Credits $ 500 Accounts Receivable 2,910 Accounts Payable 2,300 Supplies 1,120 Unearned Service Revenue 400 Store Equipment 10,000 Salaries and Wages Payable 620 Common Stock Retained Earnings 10,000 3,000 Total Debits $16,820 Total Credits $16,820 Nov. 8 During November the following summary transactions were completed: Paid $1,220 for salaries due employees, of which $600 is for November and $620 is for October salaries payable. Nov. 10 Nov. 12 Nov. 15 Nov. 17 Received $1,800 cash from customers in payment of account. Received $3,700 cash for services performed in November. Purchased store equipment on account $3,600. Nov. 20 Nov. 22 Nov. 25 Nov. 27 Nov. 29 Purchased supplies on account $1,300. Paid creditors $2,500 on accounts payable due. Paid November rent of $480. Paid salaries $1,000. Performed services on account worth $900 and billed customers. Received $750 from customers for services to be provided in the future. First Requirements (already completed): a) Journalize the above transactions for November on the General Journal worksheets. Use Service Revenue, Depreciation Expense, Supplies Expense, Salaries Expense, and Rent Expense where appropriate. The above Journal Entries have been recorded and posted to the ledger accounts. b) Prepare the unadjusted trial balance at November 30 on the enclosed six-column worksheet. The unadjusted trial balance is complete. See the attached six-column worksheet! Data for Adjusting Entries: 1. Supplies on hand are valued at $1,100. 2. Accrued salaries payable are $480. 3. Depreciation for the month is $250. 4. Services were performed to satisfy $500 of unearned service revenue. Second Requirements: c) Journalize the adjusting entries and post adjusting entries and enter the adjustments onto the six-column worksheet adjustments columns. d) Prepare the adjusted trial balance on the six-column worksheet after the adjustments have been entered. e) Prepare an income statement and a retained earnings statement for November and a classified balance sheet at November 30 from the adjusted trial balance. Use the financial statements handout form that is provided. Date 1 2 3 4 5 6 7 8 9 10 11 12 13 14 General Journal Description Name Page Ref. Debit Credit 123456 7 8 9 10 11 12 13 14 15 15 16 17 18 19 20 21 22 16 17 18 19 20 21 22 23 23 24 24 25 26 25 26 27 27 28 29 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 30 31 32 33 34 35 36 37 38 39 40 41 42 43 Income Statement For the Month Ended Nov. 30, 2025 Revenues: Soho Equipment Repair Financial Statements Assets: Balance Sheet November 30, 2025 Liabilities: Expenses: Total expenses Net income (loss) Retained Earnings Statement For the Month Ended Nov. 30, 2025 Retained earnings, Nov. 1 Retained earnings, Nov. 30 Total liabilities Total current assets Stockholders' Equity: Total assets Total liab. & S/E