sorry for all the info wanted yo include it all, question is at the end
On November 1, 2025, Larkspur Inc. had the following account balances. The company uses the perpetual inventory me During November, the following summary transactions were completed. Nov. 8 Paid $10,295 for salaries due employees, of which $5,365 is for November and $4,930 is for October. 10 Received $5,510 cash from customers in payment of account. 11 Purchased merchandise on account from Dimas Discount Supply for $23,200, terms 2/10,n/30. 11. Purchased merchandise on account from Dimas Discount Supply for $23,200, terms 2/10,n/30. 12 Sold merchandise on account for $15,950, terms 2/10,n/30. The cost of the merchandise sold was $11,600. 15 Received credit from Dimas Discount Supply for merchandise returned $900. 19 Received collections in full, less discounts, from customers billed on sales of $15,950 on November 12 . 20 Paid Dimas Discount Supply in full, less discount. 22 Received $6,670 cash for services performed in November. 25 Purchased equipment on account $14,500. 27 Purchased supplies on account $4,930. 28 Paid creditors $8,700 of accounts payable due. 29 Paid November rent $1,087. 29 Paid salaries $3,770. 29 Performed services on account and billed customers $2,030 for those services. 29 Received $1,958 from customers for services to be performed in the future. Enter the November 1 balances in ledger T-accounts. Accounts Payable Unearned Service Revenue 11600 Salaries and Wages Payable Common Stock Retained Earnings Journalize the November transactions. (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. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) Sales Revenue (To record credit sale) (To record cost of merchandise sold) Accounts Payable Inventory Nov. 19 Cash 15,631 Sales Discounts Accounts Receivable \begin{tabular}{|l|r|} \hline Nov. 20 & Accounts Payable \\ \hline \end{tabular} Inventory Inventory Cash Cash Service Revenue 6,670 Nov. 25 Equipment 14.500 Accounts Payable (To record November rent paid) \begin{tabular}{l} Nov. 29 Salaries and Wages Expense \\ \hline Cash \\ \hline \end{tabular} (To record salaries paid) Accounts Receivable Service Revenue (To record services performed) Nov. 29 Cash 1,958 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 pa \begin{tabular}{ll} 11/29 & 2,030 \\ \hline 11/30Bal, & 3,016 \end{tabular} Supplies 11/1Bal 2,494 4.930 Equipment Equipment 11/1Bal. 72,500 Accumulated Depreciation-Equipment \begin{tabular}{l|lr} & 11/1Bal. & 2,900 \end{tabular} Accounts Payable Unearned Service Revenue Salaries and Wages Payable 11/8 Retained Earnings 11/1Bal.20,300 Service Revenue Service Revenue \begin{tabular}{|l|l|} \hline 11/22 & ,670 \\ \hline 11/29 & \\ \hline \end{tabular} Salaries and Wages Expense Rent Expense 1,087 Sales Revenue Cost of Goods Sold Sales Revenue 15.950 Cost of Goods Sold 11/12 11,600 Sales Discounts Adjustment data: 1. Supplies on hand are valued at $4,640. 2. Accrued salaries payable are $1,450. 3. Depreciation for the month is $725. 4. $1,885 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 O for the amounts. List all debit entries before credit entries.) Post the above adjusting entries. (Post entries in the order of joumal entries presented above.) Accounts Receivable \begin{tabular}{lr|lr} \hline 11/1 Bal. & 6,496 & 11/10 & 5,510 \\ 11/12 & 15,950 & 11/19 & 15,950 \\ 11/29 & 2,030 & & \\ \hline 11/30 Bal. & 3,016 & & \\ \hline \end{tabular} Supplies 11/1 Bal. Adj. 2784 11/27 Equipment \begin{tabular}{lr|} \hline 11/1 Bal. & 72,500 \\ 11/25 & 14,500 \\ \hline 11/30Bal. & 87,000 \\ \hline \end{tabular} Accumulated Depreciation-Equipment Accounts Payable \begin{tabular}{rr|lr} \hline 11/15 & 900 & 11/1Bal & 9,860 \\ 11/20 & 22,300 & 11/11 & 23,200 \\ 11/28 & 8,700 & 11/25 & 14,500 \\ & & 11/27 & 4,930 \\ \hline & & 11/30Bal. & 20,590 \end{tabular} Unearned Service Revenue \begin{tabular}{|l|lr|} \hline Adj. & 11673 & 11/1Bal. \\ \hline & 11,600 \\ \hline & 11/29 & 1,958 \\ \hline & 11/30Bal. & 1885 \\ \hline \end{tabular} Salaries and Wages Payable 11/8 \begin{tabular}{r|l} 4,930 & 11/1Bal. \end{tabular} 4,930 Adj. 1450 11/30Bal 1450 Common Stock \begin{tabular}{r|lr} \hline & 11/1Bal. & 58,000 \\ \hline & 11/30Bal. & 58,000 \end{tabular} Retained Earnings Salaries and Wages Expense Salaries and Wages Expense 11/8 5,365 11/29 3,770 Adj. 1450 Rent Expense 11/29 1,087 Sales Revenue Cost of Goods Sold 11/12 11,600 Sales Discounts LARKSPUR Adjusted Trial Balance November 30,2025 Inventory Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings Service Revenue Depreciation Expense Supplies Expense Salaries and Wages Expense Rent Expense Sales Revenue Cost of Goods Sold Sales Discounts Totals $ 142,173 142,173 Income Statement For the Month Ended Novernber 30,2025 Sales Sales Revenue Less * : Sales Discounts Net Sales Service Revenue Total Revenues Less : Cost of Goods Sold Gross Profit Operating Expenses Depreciation Expense Service Revenue Total Revenues Less : Cost of Goods Sold Gross Proht Operating Expenses Depreciation Expense Supplies Expense Salaries and Wages Expense Rent Expense Total Operating Expenses Net Income / (Loss) Prepare a retained earnings statement for November. November 30,2025 Assets Current Assets Cash Accounts Receivable Inventory Supplies Total Current Assets Property, Plant, and Equipment Equipment Less v : Accumulated Depreciation-Equipment ital Property, Plant, and Equipment- ital Assets Liabilities and Stockholders' Equity rent Liabilities counts Payable hearned Service Revenue Naries and Wages Payable itat Current Liabilities ckholders' Equity mmon Stock tained Earnings \begin{tabular}{|} \hline 58,000 \\ \hline 29.523 \\ \hline \end{tabular} ital Stockholders' Eouity Journalize the closing entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. I no entry is required, select "No Entry" for the occount titles and enter O for the amounts. List all debit entries before credit entries.) (To close revenue accounts) Nov. 30 (To close expense accounts) Nov. 30 (To close income summary) Post the closing entries. (Post entries in the order of journal entries presented above. For accounts that have a zero balance select "11/30 Bal." from the list and enter O for the amount on the normal balance side. Assume Income Summary has a normai credit balance.) Inventory Supplies \begin{tabular}{lr|l} \hline 11/1Bal. & 2,494 & Adj. \\ 11/27 & 4,930 & \\ \hline 11/30Bal. & 4,640 & \\ \hline \end{tabular} Equipment \begin{tabular}{lr|} \hline 11/1Bal. & 72,500 \\ 11/25 & 14,500 \\ \hline 11/30Bal. & 87,000 \end{tabular} Accumulated Depreciation-Equipment Accumulated Depreciation-Equipment \begin{tabular}{l|lr} \hline & 11/1Bal. & 2,900 \\ & Adj. & 725 \\ \hline & 11/30Bal. & 3,625 \end{tabular} \begin{tabular}{rr|ll} \multicolumn{4}{c}{ Accounts Payable } \\ \hline 11/15 & 900 & 11/1Bal. & 9,860 \\ 11/20 & 22,300 & 11/11 & 23,200 \\ 11/28 & 8,700 & 11/25 & 14,500 \\ & & 11/27 & 4,930 \\ \hline & 11/30Bal. & 20,590 \end{tabular} Unearned Service Revenue Adj. \begin{tabular}{r|lr} 11,673 & 11/1Bal \\ & 11/29 & 11,600 \\ & 11/30Bal. & 1,958 \\ \hline \end{tabular} Salaries and Wages Payable \begin{tabular}{l|ll} \hline 11/8 & 4,930 & 11/1Bal. \\ & Adj. & 4,930 \\ & 11/30Bal. & 1,450 \\ \hline & & 1,450 \end{tabular} Common Stock \begin{tabular}{l|ll} \hline & 11/1Bal. & 58,000 \\ \hline & 11/30Bal. & 58,000 \end{tabular} Retained Earnings 11/1 Bal. 20,300 Service Revenue 11/22 6,670 Service Revenue 11/2211/296,6702,030 Adj. 11.673 Depreciation Expense Adj. 725 Supplies Expense Adj. 2,784 Salaries and Wages Expense 11/8 5,365 11/29 3,770 Adj. 1,450 Rent Expense 11/29 1,087 Sales Revenue Sales Discounts Income Summary
