... due employees, of which $700 is for October salaries.
10 Received $3,620 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 $400.
25 Paid salaries $1,700.
27 Performed services on account and billed customers for these services $2,200.
29 Received $600 from customers for future service.
Adjustment data consist of:
1. Supplies on hand $1,400.
2. Accrued salaries payable $350.
3. Depreciation for the month is $200.
4. Services related to unearned service revenue of $1,220 were performed.
Instructions
Prepare an adjusted trial balance
F. Prepare a worksheet. Assume the following adjustment for the accounts and journalize them.
G. Prepare an income statement and an owner’s equity statement for November and a balance sheet at
November 30
H. Close the temporary accounts
During November, the following summary transactions were completed. Nov. 8 Paid $1,700 for salaries?
- Posted:
- 3+ months ago by Firaol As...
- Topics:
- october, november, service, cash, customer, services, account, employee, summary
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