Problem 4-07A On November 1, 2022, the following were the account balances of Pharoah Equipment Repair Debit Cash Accounts Receivable Supplies Equipment $ 3,540 Accumulated Depreciation Equipment 3,120 Accounts Payable 1,870 Uneared Service Revenue 10,750 Salaries and Wages Payable Common Stock Retained Earnings $19.280 Credit $ 500 3,050 400 830 10,750 3,750 $19,280 During November, the following summary transactions were completed. Nov. 8 Paid $1,220 for salaries due employees, of which $390 is for November and $830 is for October salaries payable. 10 Received $1,860 cash from customers in payment of account. 12 Received $3,810 cash for services performed in November 15 Purchased store equipment on account $3,900. Purchased supplies on account $1,360. Paid creditors $2,600 of accounts payable due. 17 20 22 Daid November rent $450 20 Paid creditors $2,600 of accounts payable due. 22 Paid November rent $450. 25 Paid salaries $1,080. 27 Performed services on account worth $970 and billed customers, 29 Received $750 from customers for services to be performed in the future. El your answer is partially correct. Try again. Enter the November 1 balances in the ledger accounts. Cash 11/1 Bal. 3540 Accounts Receivable 11/1 Bal. 3120 Supplies 11/1 Bal. 1870 Equipment your answer is partially correct. Try again. Post above journal entries to the ledger accounts. (Post entries in the order of Journal entries passed in the previous question. If from drop down and enter o for the amounts.) Cash 11/1 Bal. 3,540 11/8 1120 11/10 1860 11/20 2600 11/12 3810 11/22 450 11/29 750 11/25 1080 A 11/30 Bal 4710 Accounts Receivable 11/1 Bal. 3,120 11/10 1860 11/30 Bal. 4710 Accounts Receivable 11/1 Bal. 3,120 11/10 1860 11/27 970 11/30 Bal. 2230 Supplies 11/1 Bal. 1,870 11/17 1360 11/30 Bal. 3230 Equipment 11/1 Bal. 10,750TT | 11/15 3900 Your answer is partially correct. Try again. Prepare a trial balance at November 30. PHAROAH EQUIPMENT REPAIR Trial Balance November 30, 2022 Debit Credit Cash Accounts Receivable Supplies TODDI Todd Equipment Accumulated Depreciation-Equipment Accumulated Depreciation Equipment Accounts Payable . Unearned Service Revenue Salaries and Wages Payable Common Stock DollOIIII N Retained Earnings X CALL X your answer is incorrect. Try again. Journalize the following adjusting entries. (If no entry is required, select "No Entry" for the account titles and enter o for automatically indented when the amount is entered. Do not indent manually.) 1. Supplies on hand are valued at $1,250. 2. Accrued salaries payable are $490. 3. Depreciation for the month is $300. 4. Services were performed to satisfy $500 of unearned service revenue, No. Account Titles and Explanation Debit Credit x 1. Odlo: 2. 3. 4. SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO VIDEO your answer is partially correct. Try again. Post the above adjusting entries. (Post entries in the order of journal entries passed in the previous question 4 11/1 Bal. 11/10 11/12 11/29 11/30 Bal. Cash 3,540 11/8 1,860 11/20 3,810 11/22 750 11/25 4,610 Accounts Receivable 3,120 11/10 1,220 2,600 450 1,080 1,860 11/1 Bal. 11/27 11/30 Bal. 970 2,230 Supplies X 11/1 Bal. 1,870 11/27 1,360 11/27 1,360 11/1 Bal. 11/15 11/30 Bal. Equipment 10,750 3,900 14,650 Accumulated Depreciation Equipment 11/1 Bal. 500 11/20 Accounts Payable 2,600 11/1 Bal. 11/15 11/17 3,050 3,900 1,360 1,360 11/17 11/30 Bal. Unearned Service Revenue 5,710 11/1 Bal. 400 DUD 11/29 750 Salaries and Wages Payable 830|11/1 Bal. 11/8 830 ma Common Stock 11/1 Bal. 11/30 Bal. 10,750 10,750 ALUT 11/30 Bal. Service Revenue 3,750 11/12 3,810 11/27 970 JOO Depreciation Expense 0001 Supplies Expense Supplies Expense Salaries and Wages Expense CODI DO I 11/8 390 11/25 1,080T Rent Expense 450 11/22 11/30 Bal. 450 Prepare an adjusted trial balance. PHAROAH EQUIPMENT REPAIR Trial Balances November 30, 2022 Debit Credit DODDODI L X bold.ID) DODDDDDD x Your answer is incorrect. Try again. Prepare an income statement for November 30. PHAROAH EQUIPMENT REPAIR Income Statement EX X x IXE 100) id SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO VIDEO Problem 4-07A On November 1, 2022, the following were the account balances of Pharoah Equipment Repair Debit Cash Accounts Receivable Supplies Equipment $ 3,540 Accumulated Depreciation Equipment 3,120 Accounts Payable 1,870 Uneared Service Revenue 10,750 Salaries and Wages Payable Common Stock Retained Earnings $19.280 Credit $ 500 3,050 400 830 10,750 3,750 $19,280 During November, the following summary transactions were completed. Nov. 8 Paid $1,220 for salaries due employees, of which $390 is for November and $830 is for October salaries payable. 10 Received $1,860 cash from customers in payment of account. 12 Received $3,810 cash for services performed in November 15 Purchased store equipment on account $3,900. Purchased supplies on account $1,360. Paid creditors $2,600 of accounts payable due. 17 20 22 Daid November rent $450 20 Paid creditors $2,600 of accounts payable due. 22 Paid November rent $450. 25 Paid salaries $1,080. 27 Performed services on account worth $970 and billed customers, 29 Received $750 from customers for services to be performed in the future. El your answer is partially correct. Try again. Enter the November 1 balances in the ledger accounts. Cash 11/1 Bal. 3540 Accounts Receivable 11/1 Bal. 3120 Supplies 11/1 Bal. 1870 Equipment your answer is partially correct. Try again. Post above journal entries to the ledger accounts. (Post entries in the order of Journal entries passed in the previous question. If from drop down and enter o for the amounts.) Cash 11/1 Bal. 3,540 11/8 1120 11/10 1860 11/20 2600 11/12 3810 11/22 450 11/29 750 11/25 1080 A 11/30 Bal 4710 Accounts Receivable 11/1 Bal. 3,120 11/10 1860 11/30 Bal. 4710 Accounts Receivable 11/1 Bal. 3,120 11/10 1860 11/27 970 11/30 Bal. 2230 Supplies 11/1 Bal. 1,870 11/17 1360 11/30 Bal. 3230 Equipment 11/1 Bal. 10,750TT | 11/15 3900 Your answer is partially correct. Try again. Prepare a trial balance at November 30. PHAROAH EQUIPMENT REPAIR Trial Balance November 30, 2022 Debit Credit Cash Accounts Receivable Supplies TODDI Todd Equipment Accumulated Depreciation-Equipment Accumulated Depreciation Equipment Accounts Payable . Unearned Service Revenue Salaries and Wages Payable Common Stock DollOIIII N Retained Earnings X CALL X your answer is incorrect. Try again. Journalize the following adjusting entries. (If no entry is required, select "No Entry" for the account titles and enter o for automatically indented when the amount is entered. Do not indent manually.) 1. Supplies on hand are valued at $1,250. 2. Accrued salaries payable are $490. 3. Depreciation for the month is $300. 4. Services were performed to satisfy $500 of unearned service revenue, No. Account Titles and Explanation Debit Credit x 1. Odlo: 2. 3. 4. SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO VIDEO your answer is partially correct. Try again. Post the above adjusting entries. (Post entries in the order of journal entries passed in the previous question 4 11/1 Bal. 11/10 11/12 11/29 11/30 Bal. Cash 3,540 11/8 1,860 11/20 3,810 11/22 750 11/25 4,610 Accounts Receivable 3,120 11/10 1,220 2,600 450 1,080 1,860 11/1 Bal. 11/27 11/30 Bal. 970 2,230 Supplies X 11/1 Bal. 1,870 11/27 1,360 11/27 1,360 11/1 Bal. 11/15 11/30 Bal. Equipment 10,750 3,900 14,650 Accumulated Depreciation Equipment 11/1 Bal. 500 11/20 Accounts Payable 2,600 11/1 Bal. 11/15 11/17 3,050 3,900 1,360 1,360 11/17 11/30 Bal. Unearned Service Revenue 5,710 11/1 Bal. 400 DUD 11/29 750 Salaries and Wages Payable 830|11/1 Bal. 11/8 830 ma Common Stock 11/1 Bal. 11/30 Bal. 10,750 10,750 ALUT 11/30 Bal. Service Revenue 3,750 11/12 3,810 11/27 970 JOO Depreciation Expense 0001 Supplies Expense Supplies Expense Salaries and Wages Expense CODI DO I 11/8 390 11/25 1,080T Rent Expense 450 11/22 11/30 Bal. 450 Prepare an adjusted trial balance. PHAROAH EQUIPMENT REPAIR Trial Balances November 30, 2022 Debit Credit DODDODI L X bold.ID) DODDDDDD x Your answer is incorrect. Try again. Prepare an income statement for November 30. PHAROAH EQUIPMENT REPAIR Income Statement EX X x IXE 100) id SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO VIDEO