Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
Please help prepare an adjusted trial balance at NOVEMBER 3OTH Below are images of everything i've done so far to help with context I apologize
Please help prepare an adjusted trial balance at NOVEMBER 3OTH
Below are images of everything i've done so far to help with context
I apologize for all the pictures but is the project in its entirety and I thought you may want the context, the main question to the adjusted trial balance for nov 30
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/66a1986de2286_34966a1986d70ffa.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/66a1986e96962_35066a1986e4373b.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/66a1986f2c16b_35066a1986ebf565.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/66a1986f9f5a5_35166a1986f55472.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/66a198704946e_35166a1986fe1335.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/66a19870db98e_35266a198707f495.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/66a198716dc17_35366a198710dd5c.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/66a1987221595_35366a19871ac912.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/66a19872d892c_35466a1987269dbc.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/66a19873712ee_35566a198730e89c.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/66a1987409404_35566a198739f499.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/66a19874ab64a_35666a198743b9a1.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/66a198754ce5a_35666a19874e60d6.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/66a19875e0cae_35766a198757915c.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/66a1987679965_35866a1987618a75.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/66a198772701d_35866a19876afba8.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/66a198779d139_35966a198774d2ea.jpg)
ssdq
Prepare an adjusted trial balance at November 30 . During November, the following summary transactions were completed. Nov. 8 Paid $2,130 for salaries due employees, of which $1,110 is for November and $1,020 is for October. 10 Received $1,140 cash from customers in payment of account. 11 Purchased merchandise on account from Dimas Discount Supply for $4,800, terms 2/10,n/30. 12 Sold merchandise on account for $3,300, terms 2/10,n/30. The cost of the merchandise sold was $2,400. 15 Received credit from Dimas Discount Supply for merchandise returned $200. 19 Received collections in full, less discounts, from customers billed on sales of $3,300 on November 12 . 20 Paid Dimas Discount Supply in full, less discount. 22 Received $1,380 cash for services performed in November. 25 Purchased equipment on account $3,000. 27 Purchased supplies on account $1,020. 28 Paid creditors $1,800 of accounts payable due. 29 Paid November rent $225. 29 Paid salaries $780. 29 Performed services on account and billed customers $420 for those services. 29 Received $405 from customers for services to be performed in the future. Enter the November 1 balances in ledger T-accounts. Salaries and Wages Payable 11/1 Bal. 1,020 Common Stock 11/1 Bal. 12,000 Retained Earnings 11/1 Bal. 4,200 Journalize the November transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent nanually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order oresented in the problem. List all debit entries before credit entries.) Nov. 15 Accounts Payable 200 Inventory Nov. 19 Cash 3,234 Sales Discounts 66 Accounts Receivable Nov. 20 Accounts Payable 4,600 Inventory Cash Nov. 22 Cash 1,380 Service Revenue Nov. 25 Equipment 3,000 Accounts Payable Nov. 27 Supplies 1,020 Accounts Payable Nov. 28 Accounts Payable 1,800 Cash Nov. 29 Rent Expense 225 Cash (To record November rent paid) Nov. 29 Salaries and Wages Expense 780 Cash (To record salaries paid) Nov. 29 Accounts Receivable 420 Service Revenue (To record services performed) Nov. 29 Cash 405 Unearned Service Revenue (To record receipt for services to be performed) Post to the ledger accounts. (Post entries in the order of journal entries presented in the previous part.) \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ Supplies } \\ \hline 11/1 Bal. & 516 & \\ \hline 11/27 & 1,020 & \\ \hline \multicolumn{3}{|c|}{ Equipment } \\ \hline 11/1 Bal. & 15,000 & \\ \hline 11/25 & 3,000 & \\ \hline 11/30 Bal. & 18,000 & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Accumulated Depreciation-Equipment } & \\ \hline & & & 11/1 Bal. & 600 \\ \hline \multicolumn{5}{|c|}{ Accounts Payable } \\ \hline 11/15 & & 200 & 11/1 Bal. & 2,040 \\ \hline 11/20 & & 4,600 & 11/11 & 4,800 \\ \hline 11/28 & & 1,800 & 11/25 & 3,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline & 11/27 & & 1,020 \\ \hline & 11/30 Bal. & & 4,260 \\ \hline \end{tabular} Unearned Service Revenue Retained Earnings 11/1 Bal. 4,200 Service Revenue 11/22 1,380 11/29 420 \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Salaries and Wages Expense } \\ \hline 11/8 & v & 1,110 & & \\ \hline 11/29 & v & 780 & v & \\ \hline \multicolumn{5}{|c|}{ Rent Expense } \\ \hline 11/29 & & 225 & v & \\ \hline \multicolumn{5}{|c|}{ Sales Revenue } \\ \hline & v & & 11/12 & 3,300 \\ \hline \multicolumn{5}{|c|}{ Cost of Goods Sold } \\ \hline 11/12 & & 2,400 & v & \\ \hline \multicolumn{5}{|c|}{ Sales Discounts } \\ \hline 11/19 & & 66 & v & \\ \hline \end{tabular} Adjustment data: 1. Supplies on hand are valued at $960. 2. Accrued salaries payable are $300. 3. Depreciation for the month is $150. 4. $390 of services related to the unearned service revenue has not been performed by month-end. Journalize the adjusting entries. (Credit account titles are automatically indented when the 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.) Post the above adjusting entries. (Post entries in the order of journal entries presented above.) \begin{tabular}{lr|lr} \multicolumn{4}{c}{ Cash } \\ \hline 11/1 Bal. & 5,400 & 11/8 & 2,130 \\ 11/10 & 1,140 & 11/20 & 4,508 \\ 11/19 & 3,234 & 11/28 & 1,800 \\ 11/22 & 1,380 & 11/29 & 225 \\ 11/29 & 405 & 11/29 & 780 \\ \hline 11/30 Bal. & 2,116 & & \end{tabular} \begin{tabular}{lr|lr} \multicolumn{4}{c}{ Accounts Receivable } \\ \hline 11/1 Bal. & 1,344 & 11/10 & 1,140 \\ 11/12 & 3,300 & 11/19 & 3,300 \\ 11/29 & 420 & & \\ \hline 11/30 Bal. & 624 & & \\ & & & 2,400 \\ & Inventory \\ \hline 11/11 & 4,800 & 11/12 & 92 \\ \hline 11/30 Bal. & & 11/15 & \\ & & 11/20 & \end{tabular} \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Supplies } \\ \hline 11/1 Bal. & 516 & Adj. & 576 \\ \hline 11/27 & 1,020 & & \\ \hline 11/30 Bal. & 960 & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline \multicolumn{3}{|c|}{ Equipment } & \\ \hline 11/1 Bal. & 15,000 & & \\ \hline 11/25 & 3,000 & & \\ \hline 11/30 Bal. & 18,000 & & \\ \hline \multicolumn{4}{|c|}{ Accumulated Depreciation-Equipment } \\ \hline v & & 11/1 Bal. & 600 \\ \hline v & & Adj. V & 150 \\ \hline & & 11/30 Bal. & 750 \\ \hline \end{tabular} \begin{tabular}{rr|ll} \multicolumn{4}{c}{ Accounts Payable } \\ \hline 11/15 & 200 & 11/1 Bal. & 2,040 \\ 11/20 & 4,600 & 11/11 & 4,800 \\ 11/28 & 1,800 & 11/25 & 3,000 \\ & & 11/27 & 1,020 \\ \hline & & 11/30 Bal. & 4,260 \end{tabular} \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Unearned Service Revenue } \\ \hline Adj. & 2,415 & 11/1 Bal. & 2,400 \\ \hline & & 11/29 & 405 \\ \hline & & 11/30 Bal. & 390 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Salaries and Wages Payable } \\ \hline 11/8 & 1,020 & 11/1 Bal. & 1,020 \\ \hline & & Adj. & 300 \\ \hline v & & 11/30 Bal. & 300 \\ \hline \end{tabular} \begin{tabular}{l|ll} \multicolumn{4}{c}{ Common Stock } & \\ \hline & 11/1 Bal. & 12,000 \\ \hline & 11/30 Bal. & 12,000 \end{tabular} \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Rent Expense } \\ \hline 11/29 & 225 & & \\ \hline \multicolumn{4}{|c|}{ Sales Revenue } \\ \hline & & 11/12 & 3,300 \\ \hline \multicolumn{4}{|c|}{ Cost of Goods Sold } \\ \hline 11/12 & 2,400 & & \\ \hline \multicolumn{4}{|c|}{ Sales Discounts } \\ \hline 11/19 & 66 & & \\ \hline \end{tabular}Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started