Problem 4-07A On November 1, 2022, the following were the account balances of Crane Equipment Repair. Cash Accounts Receivable Supplies Equipment Debit $3,250 Accumulated Depreciation-Equipment 3,060 Accounts Payable 1,580 Unearned Service Revenue 10,460 Salaries and Wages Payable Common Stock Retained Earings $18,350 Credit S 500 2,760 400 770 10,460 3,460 $18,350 During November, the following summary transactions were completed. Nov. 8 Paid $1,220 for salaries due employees, of which $450 is for November and $770 is for October salaries payable. 10 Received $1,900 cash from customers in payment of account. 12 Received $3,810 cash for services performed in November 15 Purchased store equipment on account $3,550. 17 Purchased supplies on account $1,400. 20 Paid creditors $2,580 of accounts payable due. 22 Paid November rent $530. 25 Paid salaries $1,150. 27 Performed services on account worth $980 and billed customers. 29 Received $750 from customers for services to be performed in the future. Enter the November 1 balances in the ledger accounts. Cash Accounts Receivable Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings Journalize the November transactions. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Nov. 8 Post above journal entries to the ledger accounts. (Post entries in the order of journal entries passed in the previous question. If the balance is zero (O), select date from drop down and enter o for the amounts.) Cash 11/1 Bal 3,250 Accounts Receivable 3,050 11/1 Ball V Supplies 1,580 11/1 Ball V V Equipment 10,460 11/1 Bal V Accumulated Depreciation - Equipment 500 11/1 Bal. Accounts Payable 11/1 Bal. 2,760 V V Uneared Service Revenue 11/1 Bal. 400 V Salaries and Wages Payable 11/1 Bal. 770 V Common Stock 11/1 Bal. 10,460 Retained Earnings 11/1 Bal. 3,460 Service Revenue Salaries and Wages Expense Rent Expense Prepare a trial balance at November 30. CRANE EQUIPMENT REPAIR Trial Balance Debit Credit $ $ Journalize the following adjusting entries. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) 1. Supplies on hand are valued at $1,220. 2. Accrued salaries payable are $480. 3. Depreciation for the month is $290. 4. Services were performed to satisfy $530 of uneared service revenue. No. Account Titles and Explanation Debit Credit 1. 2. 3. Post the above adjusting entries. (Post entries in the order of journal entries passed in the previous question.) 11/1 Bal. 11/10 11/12 11/29 Cash 3,250 11/8 1,900 11/20 3,810 11/22 750 11/25 4,230 Accounts Receivable 3,060 11/10 980 1,220 2,580 530 1,150 11/30 Bal. 1,900 11/1 Bal. 11/27 11/30 Bal. 2,140 Supplies 11/1 Bal. 1,590 11/27 1,400 11/1 Bal. 11/15 11/30 Bal. Equipment 10,460 3,550 14,010 Accumulated Depreciation Equipment 11/1 Bal. 500 11/20 Accounts Payable 2,580 11/1 Bal. 11/15 11/17 11/30 Bal. Unearned Service Revenue 2,760 3,550 1,400 5,130 11/1 Bal. 400 11/29 750 Salaries and Wages Payable 770 11/1 Bal. 11/8 770 10,460 10,460 Common Stock 11/1 Bal. 11/30 Bal. Retained Earnings 11/1 Bal. 11/30 Bal. 3,460 3,460 Retained Earnings 11/1 Bal. 11/30 Bal. Service Revenue 11/12 3,460 3,460 3,810 11/27 980 Depreciation Expense Supplies Expense Salaries and Wages Expense 450 11/8 11/25 1,150 11 11/22 11/30 Bal. Rent Expense 530 530 Prepare an adjusted trial balance. CRANE EQUIPMENT REPAIR Trial Balances Debit Credit Prepare an income statement for November 30. CRANE EQUIPMENT REPAIR Income Statement $ SHOW LIST OF ACCOUNTS Prepare a retained earnings statement for November 30. CRANE EQUIPMENT REPAIR Retained Earnings Statement Prepare a classified balance sheet at November 30. (List current assets in order of liquidity.) CRANE EQUIPMENT REPAIR Balance Sheet Assets Liabilities and Stockholders' Equity Click if you would like to Show Work for this question: Open Show Work