On November 1, 2014, the following were the account balances of Rijo Equipment Repair. Debit… 1 answer below »

On November 1, 2014, the following were the account balances of Rijo Equipment Repair.
DebitCreditCash$ 2,790Accumulated Depreciation—Equipment$ ?500Accounts Receivable2,910Accounts Payable2,300Supplies1,120Unearned Service Revenue400Equipment10,000Salaries and Wages Payable620Common Stock10,000Retained Earnings3,000$16,820$16,820During November, the following summary transactions were completed.align="right">align="left">Nov. 8Paid $1,220 for salaries due employees, of which $600 is for November and $620 is for October salaries payable.10Received $1,800 cash from customers in payment of account.12Received $3,700 cash for services performed in November.15Purchased store equipment on account $3,600.17Purchased supplies on account $1,300.20Paid creditors $2,500 of accounts payable due.22Paid November rent $480.25Paid salaries $1,000.27Performed services on account worth $900 and billed customers.29Received $750 from customers for services to be provided in the future.Adjustment data:1. Supplies on hand are valued at $1,100.2. Accrued salaries payable are $480.3. Depreciation for the month is $250.4. Services were performed to satisfy $500 of unearned service revenue.Instructions1. Enter the November 1 balances in the ledger accounts. (Use T-accounts.)2. Journalize the November transactions.3. Post to the ledger accounts. Use Service Revenue, Depreciation Expense, Supplies Expense, Salaries and Wages Expense, and Rent Expense.4. Prepare a trial balance at November 30.5. Journalize and post adjusting entries.6. Prepare an adjusted trial balance.

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