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Bnment estion 5 of 5 - 12.5 Pronghorn Equipment Repair began operating in September 2017. It prepares financial statements at
Question 5 of 5 Nov. 8 10 12 15 17 Paid $1,220 for salaries due employees, of which $400 is for November and 5820 is for Octo
-72.5 III in September 2017. It prepares financial statements at the end of each month. On s the following information. Note
estion 5 of 5 - 12.5 E Assets Cash Accts Rec. Supplies Equip 11/1 Bal. 3,220 3,110 1.550 Nov. 8 10 12 15 17 20 22 25
ork Assignment estion 5 of 5 - 12.5 25 27 29 Unadj. Bal. Adj. (A1) (A2) (A3) (A4) Adj. Bal. WPXO 25
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Answer #1
Amount $
Acct. Unearn. Ser. Sal/wages Comm. retained
Cash + Acct. rec + Supplies + Equip - Acc. Dep.Equip = pay + Rev. + Pay + stock + earnings
11/1 Bal.    3,220 +      3,110 +      1,550 + 10,430 -                      500 =    2,730 +                 400 +             820 + 10,430 +         3,430
Nov.8 -1,220 + + + - = + +           -820 + +           -400
10    1,870 +     -1,870 + + - = + + + +
12    3,720 + + + - = + + + +         3,720
15 + + +     3,880 - =    3,880 + + + +
17 + +      1,310 + - =    1,310 + + + +
20 -2,520 + + + - = -2,520 + + + +
22     -460 + + + - = + + + +           -460
25 -1,010 + + + - = + + + +       -1,010
27 +          900 + + - = + + + +            900
29       840 + + + - = +                 840 + + +
Un adj. Bal. 4,440 +      2,140 +      2,860 + 14,310 -                      500 = 5,400 +             1,240 +                -   + 10,430 +         6,180
(A1) + +    -1,690 + - = + + + +       -1,690
(A2) + + + - = + +             490 + +           -490
(A3) + + + -                      270 = + + + +           -270
(A4) + + + - =
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