Question

Prepare an adjusted trial balance at November 30. SHAMROCK Adjusted Trial Balance November 30, 2022 Debit Credit Cash 3844 Accounts Receivable 1144 Inventory 3901 Supplies 1760 Equipment 33000 Accumulated Depreciation-Equipment 1375 Accounts Payable 7810 Unearned Service Revenue 715 Salaries and Wages Payable 550 Common Stock 22000 Retained Earnings 7700 Service Revenue 7728 Depreciation Expense 275 Supplies Expense 1056 Salaries and Wages Expense 4015 Rent Expense 412 Sales Revenue 6050 Cost of Goods Sold 4400 Sales Discounts 121 Totals 53928 53928

Answer 1

T-Accounts:

Retained Earnings
		11/1 Bal.	7,700
		11/31 Income summary	3,499
		11/31 Bal.	11,199
Service revenue
		11/22	2,530
		11/29	770
11/30 Income summary	7,728	Adj.	4,428
Depreciation Expense
Adj.	275	11/30 Income summary	275
Supplies Expense
Adj.	1,056	11/30 Income summary	1,056
Salaries and Wages Expense
11/8	2,035
11/29	1,430
Adj.	550	11/30 Income summary	4,015
Rent Expense
11/29	412	11/30 Income summary	412
Sales Revenue
11/30 Income summary	6,050	11/12	6,050
Cost of Goods sold
11/12	4,400	11/30 Income summary	4,400
Sales Discounts
11/19	121	11/30 Income summary	121
Income Summary
11/30 (all Expenses)	10,279	11/30 (all Revenues)	13,778
11/30 Retained earnings	3,499