Please answer these questions:
| 4. Post the transactions to the t-accounts. | | |
| 5. Prepare an adjusted trial balance as of November 30th, 2021. | |
42 Durug the moull ol November, T1kkily lock condeleded tie lollowing Iransachions: 43 44 November 3rd - Purchased clocks on account from Clock Manufacturers, Inc. terms n 1/30, FOB destination. 45 These were composed of 342 Base Level Clocks at a unit cost of $23.96/ unit, 172 Mid Level Clocks 46 at a unit cost of $35.51/unit, and 25 Luxury Clocks at a unit cost of $61.09/hnit. 47 November 7th - Sold 1,200 Base Level Clocks to a Alpine Retail at \$32.99/unit, paid in full via casl. 48 November 12 th - Sold 22 Luxury Clocks at $85.99 /unit and 200 Mid Level Clocks at $44.59 /unit 49 to Aspen Local on account, temus 2/15,1/30. 50 November 16th - Paid anout due to Clock Manufacturer's Inc. in full. 51 November 17 th - Paid rent on building, $4,000. 52 November 23 rd - Received a check from Aspen Local for total amount due on November 12 th sale. 53 November 26th - Sold 888 Base Level Clocks to Mountain Meadows Retail at $32.99 /unit 54 on acconut, terms 2/10,w/30. 55 November 30th - Paid utilities, $2,700. 56 November 30th - Refilled office supplies for $270, paid cash. 57 November 30th - Accumulated depreciation of $833 on merchandising furmiture and equipuetul. 58 November 30 th - Counted office stepplies, valued at $1,348. 59 November 30th - Plysical inventory connt yielded 1,192 Base Level Clocks, 547 Mid I.evel Clocks, 55 November 30th - Paid utilities, $2,700. 56 November 30 th - Refilled office supplies for $270, paid cash. 57 November 30 Mh - Accumulated depreciation of $833 on merchandising furmiture and equiputent. 58 November 30 th - Counted office stpplies, valued at $1,348. 59 November 30th - Plyysical inventory count yielded 1,192 Base Level Clocks, 547 Mid I.evel Clocks, 60 and 177 Luxury Clocks. Requirements: 1. Open T-accounts and euter opeaing balances as of October 31 st, 2021. 2. Open inventory records for the tiree inventory itenss and euter opening balknces. Complete the inventory records. 3. Journalize the transactions. Explanations are not required. 4. Post the transactions to the t-accounts. 5. Prepare an adjusted trial balance as of November 30 th, 2021. 6. Prepare an income statemeut as of November 30 th, 2021. 7. Prepare a statemeut of retained earnings as of November 30th, 2021. 8. Prepare a balance sheet as of November 30th, 2021. 9. Jounzalice all closing entries and post to the t-accounts. 10. Prepare a post-closing trial balance as of November 30 th, 2021. 42 Durug the moull ol November, T1kkily lock condeleded tie lollowing Iransachions: 43 44 November 3rd - Purchased clocks on account from Clock Manufacturers, Inc. terms n 1/30, FOB destination. 45 These were composed of 342 Base Level Clocks at a unit cost of $23.96/ unit, 172 Mid Level Clocks 46 at a unit cost of $35.51/unit, and 25 Luxury Clocks at a unit cost of $61.09/hnit. 47 November 7th - Sold 1,200 Base Level Clocks to a Alpine Retail at \$32.99/unit, paid in full via casl. 48 November 12 th - Sold 22 Luxury Clocks at $85.99 /unit and 200 Mid Level Clocks at $44.59 /unit 49 to Aspen Local on account, temus 2/15,1/30. 50 November 16th - Paid anout due to Clock Manufacturer's Inc. in full. 51 November 17 th - Paid rent on building, $4,000. 52 November 23 rd - Received a check from Aspen Local for total amount due on November 12 th sale. 53 November 26th - Sold 888 Base Level Clocks to Mountain Meadows Retail at $32.99 /unit 54 on acconut, terms 2/10,w/30. 55 November 30th - Paid utilities, $2,700. 56 November 30th - Refilled office supplies for $270, paid cash. 57 November 30th - Accumulated depreciation of $833 on merchandising furmiture and equipuetul. 58 November 30 th - Counted office stepplies, valued at $1,348. 59 November 30th - Plysical inventory connt yielded 1,192 Base Level Clocks, 547 Mid I.evel Clocks, 55 November 30th - Paid utilities, $2,700. 56 November 30 th - Refilled office supplies for $270, paid cash. 57 November 30 Mh - Accumulated depreciation of $833 on merchandising furmiture and equiputent. 58 November 30 th - Counted office stpplies, valued at $1,348. 59 November 30th - Plyysical inventory count yielded 1,192 Base Level Clocks, 547 Mid I.evel Clocks, 60 and 177 Luxury Clocks. Requirements: 1. Open T-accounts and euter opeaing balances as of October 31 st, 2021. 2. Open inventory records for the tiree inventory itenss and euter opening balknces. Complete the inventory records. 3. Journalize the transactions. Explanations are not required. 4. Post the transactions to the t-accounts. 5. Prepare an adjusted trial balance as of November 30 th, 2021. 6. Prepare an income statemeut as of November 30 th, 2021. 7. Prepare a statemeut of retained earnings as of November 30th, 2021. 8. Prepare a balance sheet as of November 30th, 2021. 9. Jounzalice all closing entries and post to the t-accounts. 10. Prepare a post-closing trial balance as of November 30 th, 2021
