Question

On November 1, 2021, the account balances of Hamm Equipment Repair were as follows:

		Debit				Credit
Cash		$2,430		Accumulated Depreciation—Equipment		$2,030
Accounts Receivable		4,280		Accounts Payable		2,630
Supplies		1,830		Unearned Revenue		1,230
Equipment		12,030		Salaries Payable		730
				J. Hamm, Capital		13,950
		$20,570				$20,570

During November, the following summary transactions were completed.

Nov. 8		Paid $1,730 for salaries due employees, of which $730 is for October salaries.
10		Received $3,650 cash from customers on account.
12		Received $3,130 cash for services performed in November.
15		Purchased equipment on account, $2,030.
17		Purchased supplies on account, $730.
20		Paid creditors on account, $2,730.
22		Paid November rent of $430.
22		Paid salaries of $1,730.
27		Performed services on account and billed customers for these services, $2,230.
29		Received $630 from customers for future service.

Adjustment data consist of:

1.		Supplies on hand, $1,430
2.		Accrued salaries payable, $380
3.		Depreciation for the month is $230
4.		Services related to unearned service revenue of $1,250 were performed

(a)

Enter the November 1 balances in the ledger accounts. (Post entries in the order displayed in the problem statement.)

Answer 1

journal entries2 - Microsoft Excel - 2 X x Formulas Data Review View - Σ AutoSum * Α A = = = General 11 - File Home Insert Page Layout % Cut Calibri Ea Copy Paste Format Painter B I U - Clipboard Font G4 S ex & fox А в A A - Wrap Text Merge & Center 9- % - % , 48.00 Insert Delete Format Conditional Format Formatting as Table Styles Cell Styles 2 Clear Sort & Filter Editing Find & Select Alignment Number Cells F HT J K L -NM Date Amount (CR) 5 1) Amount (DR) $ 1,000.00 $ 730.00 1,730.00 9 2) $ 3,650.00 3,650.00 123) Hamm Equipment Repair General Journal Journal 08-Nov Salaries Expense Salaries Payable To Cash (Being amount paid for salaries expense and Salaries Payable) 10-Nov Cash To Accounts Receivable (Being amount of cash received from customers) 12-Nov Cash To Service Revenue (Being amount of Service Provided) 15-Nov Equipment To Accounts Payable (Being amount of Equipment Purchased on credit) 17-Nov Supplies To Accounts Payable (Being amount of supplies purchased on credit) 20-Nov Accounts Payable Sheet3 Sheet9 Sheet16 Sheet17 Sheet19 $ 3,130.00 13 $ 3,130.00 14 15 4) 16 2,030.00 2,030.00 17 18 5) 19 730.00 730.00 20 21 6) M Enter 2,730.00 Sheet21 K Sheet24 jenna Aracel Sheet20 BO 100% - 15:00 1 Type here to search E e O X op ^. (1) 24-01-2020

journal entries2 - Microsoft Excel - 2 X x View - General - Wrap Text Merge & Center 9- % - % , 48.00 Cell Styles Insert Delete Format Conditional Format Formatting as Table Styles File Home Insert Page Layout Formulas Data Review % Cut Calibri 11 A A = = = Ea Copy Paste B I U - - A Format Painter Clipboard Font G4 ex/ fx| А в 21 6) 20-Nov Accounts Payable To Cash Σ AutoSum * Α Fill- Sort & 2 Clear Filter Editing Find & Select Alignment Number Cells F G H J K L 2,730.00 $ 2,730.00 23 247) 430.00 430.00 $ 1,730.00 1,730.00 29 30 9) (Being amount of Accounts Payable Paid) 22-Nov Rent Expense To Cash (Being amount of Rent Expense Paid) 25-Nov Salaries Expense To Cash (Being amount of Salaries Expense paid) 27-Novl Accounts Receivable To Service Revenue (Being amount of Service provided to customers on credit) 29-Novi Cash To Unearned Service Revenue (Being amount of cash received in advance from customers) 2,230.00 31 $ 2,230.00 33 10) 630.00 630.00 37 Adjusting Entries Debit 38 S.No. Credit 1,130.00 Account Title Supplies Expense($1830+$730- $1430) To Supplies (Being amount of Supplies Sheet24 jenna Aracel Sheet3 391) 40 41 ™ Enter 1,130.00 K Sheet9 Sheet16 Sheet17 Sheet19 Sheet20 Sheet21 BO 100% - 15:00 0 Type here to search te OK op ^ ( 4») 24-01-2020

journal entries2 - Microsoft Excel - 2 X x View - Σ AutoSum * Α General - Wrap Text Merge & Center 9- % - % , 48.00 Insert Delete Format Conditional Format Cell Formatting as Table Styles Styles 2 Clear Sort & Filter Editing Find & Select Alignment Number Cells H J K Credit File Home Insert Page Layout Formulas Data Review % Cut Calibri 11 A A = = = Ea Copy Paste Format Painter B I U - - A Clipboard Font G4 X for А 37 Adjusting Entries 38 S.No. Account Title Debit Supplies Expense($1830+$730- 39 1) $1430) 40 To Supplies 41 (Being amount of Supplies 42 2) Salaries Expense 43 To Salaries Payable 44 (Being amount of Salaries 45 3) Depreciation Expense 46 To Accumulated Depreciation 47 (Being amount of Depreciation 48 4) Unearned Service Revenue To Service Revenue (Being amount of Service 1,130.00 1,130.00 380.00 380.00 230.00 230.00 1,250.00 $ 1,250.00 Cash A/C Balance DR 1,730.00 54 55 Date Particular 56 01-Nov Balance 57 08-Nov 58 10-Nov 59 12-Nov 60 20-Nov M Sheet24 jenna Aracel Enter 3,650.00 3,130.00 2,430.00 700.00 4,350.00 7,480.00 4,750.00 $ 2,730.00 Sheet21 K Sheet3 Sheet9 Sheet16 Sheet17 Sheet19 Sheet20 BOU 100% - 0 Type here to search op ^. (1) 24-01-2020

journal entries2 - Microsoft Excel - 2 X x Formulas Data Review View - A = = = General 11 - A A - Wrap Text Merge & Center 9- % - % , 48.00 Conditional Format Formatting as Table Styles Cell Styles Insert Delete Format Σ AutoSum * Α Fill- Sort & 2 Clear Filter Editing Find & Select Alignment Number Cells F H J K Cash A/C File Home Insert Page Layout % Cut Calibri Ea Copy Paste Format Painter B I U - Clipboard Font G4 А в 53 54 55 Date Particular 56 01-Nov Balance 57 08-No 10-Nov 59 12-Nov 60 20-Nov 22-Nov 25-Nov 63 29-Nov DR CR Balance Dr $ $ $ $ 1,730.00 58 S 3,650.00 3,130.00 $ 2,430.00 700.00 4,350.00 7,480.00 4,750.00 4,320.00 2,590.00 3,220.00 $ $ 2,730.00 430.00 1,730.00 $ $ $ $ 630.00 Accounts receivable 66 Balance DR 67 Date Particular 68 01-Nov Balance 69 10-Nov 70 27-Novl $ 3,650.00 4,280.00 630.00 2,860.00 2,230.00 RENR Supplies Balance DR CR 74 Date Particular 75 01-Nov Balance 76 17-Nov 77 30-Nov Adjustment ™ Sheet24 jenna Aracel Enter 730.00 1,830.00 2,560.00 1,430.00 $ K Sheet3 Sheet9 Sheet16 Sheet17 Sheet19 1,130.00 Sheet21 Sheet20 BOU 100% - 15:01 0 Type here to search Bte AOX o g ^. » 24-01-2020 E

journal entries2 - Microsoft Excel - 2 X x Formulas Data Review View - A = = = General 11 - A A - Wrap Text Merge & Center 9- % - % , 48.00 Conditional Format Formatting as Table Styles Cell Styles Insert Delete Format Σ AutoSum * Α Fill- Sort & 2 Clear Filter Editing Find & Select Alignment Number Cells File Home Insert Page Layout % Cut Calibri Ea Copy Paste Format Painter B I U - Clipboard Font G4 А в 72 73 74 Date Particular 01-Nov Balance 76 17-Nov 77 30-Nov Adjustment F н J K Supplies DR 75 Balance Dr $ $ $ 730.00 30.00. 1,830.00 2,560.00 1,430.00 1,130.00 Equipment JOR Icr CR Balance Dr $ $ 80 81 Date Particular 01-Nov Balance 15-Nov 84 85 82 83 12,030.00 14,060.00 2,030.00 Accumulated Depreciation-Equipment Balance Dr DR 87 Date Particular 88 01-Nov Balance 89 30-Nov Adjustment 90 CR $ 2,030.00 $ 2,260.00 230.00 Accounts Payable Balance DR | Cr Dr 93 Date Particular 94 01-Nov Balance 95 15-Nov 0617 Nau M Sheet24 jenna Aracel Enter CR $ 2,630.00 $ 4,660.00 Ć 5200 on $ 2,030.00 72n nn Sheet21 K Sheet3 Sheet9 Sheet16 Sheet17 Sheet19 Sheet20 BOU 100% - 15:01 ^ 1» 24-01-2020 0 Type here to search © P E

journal entries2 - Microsoft Excel - 2 X x Formulas Data Review View - A = = = General 11 - A A - Wrap Text Merge & Center 9- % - % , 48.00 Conditional Format Formatting as Table Styles Cell Styles Insert Delete Format Σ AutoSum * Α Fill- Sort & 2 Clear Filter Editing Find & Select Alignment Number Cells File Home Insert Page Layout % Cut Calibri Ea Copy Paste Format Painter B I U - Clipboard Font G4 А в 91 92 93 Date Particular 01-Nov Balance 15-Nov 96 17-Nov 97 20-Nov F н J K Accounts Payable Balance Dr DR 94 95 2,030.00 730.00 CR $ 2,630.00 $ 4,660.00 $ 5,390.00 $ 2,660.00 2,730.00 99 100 Unearned Revenue 101 Balance Dr DR 102 Date Particular 103 01-Nov Balance 104 29-Nov 105 30-Novl Adjustment CR $ 1,230.00 $ 1,860.00 $ 610.00 630.00 1,250.00 $ 106 107 Salary Payable Balance DR Dr 108 109 110 Date Particular 111 01-Nov Balance 112 08-Nov 113 30-Novl Adjustment 114 CR $ $ $ 730.00 730.00 . 380.00 380.00 115 K Sheet24 jenna Aracel Sheet3 J. Hamm Capital Sheet9 Sheet16 Sheet17 Sheet19 Sheet20 Sheet21 Enter BOU 100% - 15:01 4) 24-01-2020 0 Type here to search @ A ^ . Ei

- 2 X x - Insert Delete Format Σ AutoSum * Α Fill- Sort & 2 Clear Filter Editing Find & Select Cells G H J K DR Dr journal entries2 - Microsoft Excel File Home Insert Page Layout Formulas Data Review View % Cut Calibri 11 A A = = = - Wrap Text General Ea Copy Paste B I U - - Format Painter A Merge & Center - % 9- % , 48.00 Conditional Format Cell Formatting as Table Styles Clipboard Font Alignment Number Styles G4 А в F 115 J.Hamm Capital 116 Balance 117 Date Particular Dr CR 118 01-Nov Balance $ 13,950.00 119 120 Salary Expenses 121 Balance 122 Date Particular DR CR 123 08-Nov 1,000.00 1,000.00 124 17-Nov 1,730.00 2,730.00 125 30-Nov Adjustment 380.00 3,110.00 126 127 Rent Expenses 128 Balance 129 Date Particular DR Dr 130 22-Nov 430.00 $ 430.00 131 132 Depreciation Expense 133 Balance 134 Date Particular DR Dr 135 30-Nov 230.00 230.00 136 137 138 129 M Sheet24 jenna Aracel Sheet3 Sheet9 Sheet16 Sheet17 Sheet19 Sheet20 Sheet21 Enter CR S Sunnlias Eynences K BO! 100% - 15:01 » 24-01-2020 Ei 0 @ Type here to search ^ .

journal entries2 - Microsoft Excel - 2 X x Formulas Data Review View - A = = = General 11 - File Home Insert Page Layout % Cut Calibri Ea Copy Paste Format Painter B I U - Clipboard Font G4 X for А A A - Wrap Text Merge & Center 9- % - % , 48.00 Insert Delete Format Conditional Format Formatting as Table Styles Cell Styles Σ AutoSum * Α Fill- Sort & 2 Clear Filter Editing Find & Select Alignment Number Cells F G J K L 139 Supplies Expenses Balance 140 141 Date 142 30-Nov Particular DR Cr Dr 1,130.00 $ 1,130.00 143 Service Revenue Balance 144 145 146 147 148 Date Particular 149 12-Nov 150 27-Nov 151 30-Nov Adj Dr 3,130.00 2,230.00 1,250.00 3130 5,360.00 6,610.00 152 153 156 157 158 3,220.00 2,860.00 1,430.00 14,060.00 159 Adjusted Trial Balance 31st May Trial Balance Cash Accounts receivable Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Unearned Revenue Service Revenue Sheet24 jenna Aracel Sheet3 Sheet9 Sheet16 160 2,260.00 2,660.00 380.00 610.00 6,610.00 Sheet21 162 163 K Sheet17 Sheet19 Sheet20 M Enter BO 100% 0 Type here to search te OX © - 15:01 24-01-2020 A ^ E

journal entries2 - Microsoft Excel - 2 X x File Home Insert Page Layout Formulas Data Review View - % Cut Calibri = r General *Wrap Text 3 Merge & Center B 1 U - % : 09 Insert Delete Format 11 A A = = D - A Font fic Adjusted Trial Balance E Copy Paste Format Painter Clipboard B154 Α Conditional Format Formatting as Table Styles Cell Styles Σ AutoSum * Α. Fill Sort & Find & 2 Clear Filter Select Editing Alignment Number Cells HD J K L 152 153 Adjusted Trial Balance 157 3,220.00 2,860.00 1,430.00 14,060.00 158 159 160 161 162 163 Cash Accounts receivable Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Unearned Revenue Service Revenue Humm's capital Salaries Expense Depreciation Expense Rent Expense Supplies Expense 2,260.00 2,660.00 380.00 610.00 6,610.00 13,950.00 166 3,110.00 230.00 430.00 1,130.00 169 170 171 Total 26,470.00 $ 26,470.00 173 174 K 175 176 ™ Ready 1 Sheet24 jenna Aracel Sheet3 Sheet9Sheet16 Sheet17 Sheet19 Sheet20 Sheet21 -+ Type here to search Be OK @_ M BOU 100% 0- w 15:01 ^ 1» 24-01-2020 E