Luxor Company specializes in the repair of music equipment and is owned and operated by Amy Busby. On November 30, 2010, the end of the current year, the accountant for Luxor Company prepared the following trial balances:

InstructionsJournalize the seven entries that adjusted the accounts at November 30. None of the accounts were affected by more than one adjustingentry.

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Luxor Company Trial Balance November 30, 2010 Unadjusted Adjusted Debit Balances Credit Balances Debit Balances Credit Balances Cash 38,250 109,500 38,250 109,500 2,700 4,500 360,450 Accounts Receivable Supplies Prepaid Insurance Equipment . Accumulated Depreciation-Equipment 11,250 14,250 360,450 94,500 102,000 Automobiles. 109,500 109,500 Accumulated Depreciation-Automobiles Accounts Payable Salaries Payable Unearned Service Fees Amy Busby, Capital. Amy Busby, Drawing Service Fees Earned 54,750 24,930 61,200 26,400 6,000 8,700 394,020 18,000 394,020 75,000 75,000 733,800 743,100 Salary Expense Rent Expense Supplies Expense Depreciation Expense Equipment Depreciation Expense-Automobiles Utilities Expense Taxes Expense Insurance Expense Miscellaneous Expense 516,900 54,000 522,900 54,000 8,550 7,500 6,450 14,370 8,175 9,750 9,825 12,900 8,175 9,825 1,320,000 1,320,000 1,341,420 1,341,420