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Unformatted text preview: $1,200. 29 Received $1,650 from customers for future service. Adjustment data consist of: 1. Supplies on hand $1,500. 2. Accrued salaries payable $1,500. 3. Depreciation for the month is $300. 4. Unearned service revenue of $3,450 is earned. Instructions (a) Enter the November 1 balances in the ledger accounts. (b) Journalize the November transactions. ACCT 2111 Introductory Financial Accounting (c) Post to the ledger accounts. Use J1 for the posting reference. Use the following accounts: 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 trail balance. (g) Prepare an income statement and a retained earnings statement for November and a balance sheet at November 30....
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- Spring '10
- Financial Accounting, Generally Accepted Accounting Principles, Unearned Service Revenue, $3,600, introductory financial accounting, Gaea Equipment Repair