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No. 7.990 P3-SB On November 1, 2014, the account balances of Samone Equipment Repair, Inc. were as follows Debit No. Credit 101 Cash $ 2,400 158 Accumulated Depreciation Equipment $ 2,000 112 Accounts Receivable 4,450 201 Accounts Payable 2,600 126 Supplies 1,800 209 Uncarned Service Revenue 1.360 157 Equipment 16,000 212 Salaries and Wages Payable 700 311 Share Capital --Ordinary 10,000 320 Retained Earnings $24,650 $24,650 During November, the following summary transactions were completed. Nox. 8 Paid $1,500 for salaries due employees, of which $700 is for October salaries. 10 Received $3,420 cash from customers on account. 12 Received $3,100 cash for services performed in November 15 Purchased equipment on account $2,000. 17 Purchased supplies on account $700. 20 Paid creditors on account $2,700. 22 Paid November rent $500, 25 Paid salaries $1.500. 27 Performed services on account and billed customers for services provided $1,900. 29 Received $350 from customers for future service. Adjustment data consist of: 1. Supplies on hand $1,400. 2. Accrued salaries payable $350. Unearned service revenue of $1,380 is.3 recognized for services performed Instructions (a) Enter the November 1 balances in the ledger accounts. (b) Journalize the November transactions. (c) Post to the ledger accounts (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 statement of financial position at November 30

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