On November 1, 1996, the trial balance of Alou Equipment Repair Corp. is as follows:

During November the following summary transactions were completed.
Nov. 8 Paid \(\$ 1,100\) for salaries due employees, of which \(\$ 600\) is for November and \(\$ 500\) is for October.
10 Received \(\$ 1,200\) cash from customers on account.
12 Received \(\$ 1,400\) cash for services performed in November.
15 Purchased equipment on account \(\$ 3,000\).
17 Purchased supplies on account \(\$ 1,500\).
20 Paid creditors on account \(\$ 2,500\).
22 Paid November rent \(\$ 300\).
25 Paid salaries \(\$ 1,000\).
27 Performed services on account and billed customers for services rendered \(\$ 700\).
29 Received \(\$ 550\) from customers for future service.
Adjustment data consist of:
1. Supplies on hand \(\$ 1,600\).
2. Accrued salaries payable \(\$ 500\).
3. Depreciation for the month is \(\$ 120\).
4. Unearned service revenue of \(\$ 300\) is earned.
\section*{Instructions}

(a) Enter the November 1 balances in the ledger accounts.

(b) Journalize the November transactions.

(c) Post to the ledger accounts. Use J1 for posting reference and No. 407 Service Revenue, No. 615 Depreciation Expense, No. 631 Supplies Expense, No. 726 Salaries Expense, and No. 729 Rent Expense.

(d) Prepare a trial balance at November 30.

(e) Journalize and post adjusting entries.

(f) Prepare an adjusted trial balance.
(g) Prepare an income statement and a retained earnings statement for November and a balance sheet at November 30.

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No. Trial Balance-Accounts Debit Credit 101 Cash $ 2,790 112 126 Supplies 153 154 201 209 212 311 320 407 615 631 Accounts Receivable Equipment Accumulated Depreciation Accounts Payable Unearned Service Revenue Salaries Payable Common Stock Retained Earnings Service Revenue Depreciation Expense Supplies Expense 2,510 1,000 10,000 $ 500 2,100 400 500 10,000 2,800 726 Salaries Expense 729 Rent Expense Totals $16,300 $16,300