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Please see attachments. And this is the additional answers I need! 1.Need T-account 2.Need Closing Entries General Journal 3.Need Post Closing Trial Balance 4.How much

Please see attachments. And this is the additional answers I need!

1.Need T-account

2.Need Closing Entries General Journal

3.Need "Post Closing Trial Balance"

4.How much is Net sale?

5.% of return on sale?

6.Return on assets of how many % on the average operating asset?

7.Operating income margin will be how many % on the net sale?

8.How much is the cost of cost of goods sold? What is the % of the gross profit?

image text in transcribedimage text in transcribed
P4-7A On November 1, 2017, the following were the account balances of Soho Equipment Repair. Debit Credit Cash $ 2,790 Accumulated Depreciation $ Equipment 500 Accounts 2,910 Accounts Payable 2,300 Receivable Supplies 1,120 Unearned Service Revenue 400 Equipment 10,000 Salaries and Wages Payable 620 Common Stock 10,000 Retained Earnings 3,000 $16,820 $16,820 During November, the following summary transactions were completed. Nov. 8 Paid $1,220 for salaries due employees, of which $600 is for November and $620 is for October salaries payable. 10 Received $1,800 cash from customers in payment of account. 12 Received $3,700 cash for services performed in November. 15 Purchased store equipment on account $3,600. 17 Purchased supplies on account $1,300. 20 Paid creditors $2,500 of accounts payable due. 22 Paid November rent $480. 25 Paid salaries $1,000. 27 Performed services on account worth $900 and billed customers. 29 Received $750 from customers for services to be performed in the future. Adjustment data: 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. Instructions (aw TIE! 1.1", .. Instructions (W) (W (e) Post to the ledger accounts. Use Service Revenue, Depreciation Expense, Supplies Expense, Salaries and Wages Expense, and Rent Expense. W (M (f) Prepare an adjusted trial balance. (1) Cash $3,840 Tot. adj. trial balance $24,680 (g) Prepare an income statement and a retained earnings statement for November and a classied balance sheet at November 30. (g) Net income $970

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