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Riverbed Equipment Repair began operating in September 2017. It prepares financial statements at the end of each month. On No

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Answer:

Assets = Liabilities + Stockholders' Equity
Cash + Accounts
Receivable
+ Supplies + Equipment - Accumulated Depr.
-Equip.
= Accounts
Payable
+ Unearned
Service revenue
+ Sal./Wag.
payable
+ Common stock + Retained
Earnings
11/1 Bal. $3,330 $3,060 $1,660 $10,540 $500 $2,840 $400 $770 $10,540 $3,540
Rev. Exp. Div.
Nov.8 ($1,220) ($770) $450 Salaries & Wages expense
10 $1,860 ($1,860)
12 $3,750 $3,750 Service revenue
15 $3,960 $3,960
17 $1,330 $1,330
20 ($2,600) ($2,600)
22 ($480) $480 Rent expense
25 ($1,150) $1,150 Salaries expense
27 $910 $910 Service revenue
29 $760 $760
Unadj. Bal. $4,250 $2,110 $2,990 $14,500 $500 $5,530 $1,160 $0 $10,540 $4,660 $2,080 $0
Adj.1 [2,990-1,110] ($1,880) $1,880 Supplies expense
Adj.2 $500 $500 Salaries & Wages expense
Adj.3 $250 $250 Depreciation expense
Adj.4 ($520) $520 Service revenue
Adj. Bal. $4,250 $2,110 $1,110 $14,500 $750 $5,530 $640 $500 $10,540 $5,180 $4,710 $0
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