Question

need to check my answers

On November 1, 2017, the account balances of Hamm Equipment Repair were as follows.

No.		Debits				No.		Credits
101		Cash		$ 2,390		154		Accumulated Depreciation—Equipment		$ 1,870
112		Accounts Receivable		4,300		201		Accounts Payable		2,560
126		Supplies		1,800		209		Unearned Service Revenue		1,170
153		Equipment		11,220		212		Salaries and Wages Payable		710
						301		Owner’s Capital		13,400
				$19,710						$19,710

During November, the following summary transactions were completed.

Nov. 8		Paid $1,700 for salaries due employees, of which $710 is for October salaries.
10		Received $3,390 cash from customers on account.
12		Received $3,080 cash for services performed in November.
15		Purchased equipment on account $2,020.
17		Purchased supplies on account $740.
20		Paid creditors on account $2,750.
22		Paid November rent $440.
25		Paid salaries $1,700.
27		Performed services on account and billed customers for these services $1,930.
29		Received $570 from customers for future service.

___________________________________________________________________

e.)Adjustment data consist of:

1.	Supplies on hand $1,400.
2.	Accrued salaries payable $355.
3.	Depreciation for the month is $187.
4.	Services related to unearned service revenue of $1,220 were performed.

Journalize the adjusting entries.

Post the adjusting entries

f.)Prepare an adjusted trial balance.

Answer 1

Journal entries and adjusting entries are as prepared below:

Date	Particulars	L.F	Amount ($)	Amount ($)
Nov-08	Salaries and wages Payable		710
	Salaries and Wages Expense		990
	Cash			1,700
	(for salaries paid)
Nov-10	Cash		3,390
	Account Receivable			3390
	(For cash received from customers)
Nov-12	Cash		3,080
	Service Revenue			3080
	(for services performed)
Nov-15	Equipment		2,020
	Account payable			2020
	(for equipment purchased)
Nov-17	Supplies		740
	Account Payable			740
	(For supplies purchased)
Nov-20	Account Payable		2,750
	Cash			2,750
	(For paid creditors)
Nov-22	Rent Expense		440
	Cash			440
	(for rent paid)
Nov-25	Salaries and wages Expense		1,700
	Cash			1700
	(for salaries paid)
Nov-27	Account Receivable		1,930
	Service Revenue			1930
	(For services performed)
Nov-29	Cash		570
	Unearned Service Revenue			570
	(For cash received in advance)
Adjusting entries
Date	Particulars	L.F	Amount ($)	Amount ($)
1	Supplies expense		1140
	Supplies			1140
	(For supplies expensed)
2	salaries and wages expense		355
	salaries and wages payable			355
	(For expense incurred but not paid)
3	Depreciation expense		187
	Accumulated depreciation			187
	(For equipment depreciated)
4	Unearned Service Revenue		1,220
	Service Revenue			1220
	(For services performed)

Hamm Equipment Repair
Unadjusted Trial Balance
Nov-30
	Debit Balances	Credit balances
Cash	2,840
Account Receivable	2,840
Supplies	1,400
Equipment	13,240
Accumulated dep		2,057
Accounts payable		2,570
Salaries and Wages Payable		355
Unearned Service Revenue		520
Owner;s capital		13,400
Service Revenue		6230
Salaries and Wages Expense	3,045
Rent Expense	440
Supplies expense	1,140
Depreciation expense	187
Total	25,132	25,132