On November 1, 2017, the account balances of Samone Equipment Repair, Ltd. were as follows. During November,

Question:

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

During November, the following summary transactions were completed.
Nov. 8 Paid HK$15,000 for salaries due employees, of which HK$7,000 is for October salaries.
10 Received HK$34,200 cash from customers on account.
12 Received HK$31,000 cash for services performed in November.
15 Purchased equipment on account HK$20,000.
17 Purchased supplies on account HK$7,000.
20 Paid creditors on account HK$27,000.
22 Paid November rent HK$6,200.
25 Paid salaries HK$15,000.
27 Performed services on account and billed customers HK$19,000 for those services.
29 Received HK$3,600 from customers for future service.
Adjustment data consist of:
1. Supplies on hand HK$14,000.
2. Accrued salaries payable HK$3,700.
3. Depreciation for the month is HK$2,000.
4. Unearned service revenue of HK$13,800 is recognized for services performed.
Instructions
(a) Enter the November 1 balances in the ledger accounts.
(b) Journalize the November transactions.
(c) Post to the ledger accounts. Use J1 for the posting reference. Use the following additional accounts: No. 400 Service Revenue, No. 631 Supplies Expense, No. 711 Depreciation Expense, No. 726 Salaries and Wages Expense, and No. 729 Rent Expense.
(d) Prepare a trial balance at November 30.
(e) Journalize and post adjusting entries.
(f) Prepare an adjusted trial balance.
(g) Prepare a statement of comprehensive income and a retained earnings statement for November and a statement of financial position at November 30.