Chapter 3 HW: 2

Good Note Company specializes in the repair of music equipment and is owned and operated by Robin Stahl. On November 30, 2019, the end of the current year, the accountant for Good Note prepared the following trial balances:

Good Note Company
Trial Balance
November 30, 2019
	Unadjusted				Adjusted
	Debit Balances		Credit Balances		Debit Balances		Credit Balances
Cash	39,920				39,920
Accounts Receivable	114,360				114,360
Supplies	11,870				3,680
Prepaid Insurance	15,100				2,870
Equipment	576,860				576,860
Accumulated DepreciationEquipment			98,720				111,550
Automobiles	119,760				119,760
Accumulated DepreciationAutomobiles			57,180				60,040
Accounts Payable			25,890				26,930
Salaries Payable							8,090
Unearned Service Fees			18,880				5,800
Robin Stahl, Capital			566,000				566,000
Robin Stahl, Drawing	78,220				78,220
Service Fees Earned			817,330				830,410
Salary Expense	539,440				547,530
Rent Expense	56,100				56,100
Supplies Expense					8,190
Depreciation ExpenseEquipment					12,830
Depreciation ExpenseAutomobiles					2,860
Utilities Expense	13,490				14,530
Taxes Expense	8,630				8,630
Insurance Expense					12,230
Miscellaneous Expense	10,250				10,250
	1,584,000		1,584,000		1,608,820		1,608,820

Required:

Journalize the seven entries that adjusted the accounts at November 30. None of the accounts were affected by more than one adjusting entry.

2019 Nov.30 30 30 30 30 30 30