P3-5B On November 1,2008, the account balances of Rondeli Equipment Repair were as follows.

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P3-5B On November 1,2008, the account balances of Rondeli Equipment Repair were as follows.

:::TABLE:::

During November the following summary transactions were completed.
Nov.
8 Paid $1,100 for salaries due employees, of which $600 is for November.
10 Received $1,200 cash from customers on account.
12 Received $1,400 cash for services performed in November.
15 Purchased store equipment on account $3,000.
17 Purchased supplies on account $500.
20 Paid creditors on account $2,500.
22 Paid November rent $300.
25 Paid salaries $1,300.
27 Performed services on account and billed customers for services provided $400.
29 Received $550 from customers for future service.

Adjustment data consist of:
1. Supplies on hand $500.
2. Accrued salaries payable $500.
3. Depreciation for the month is $100.
4. Unearned service revenue of $1,150 is earned.

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