On October $1,2024,$ the account balances of Hamm Equipment Repair were as follows.

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No$.$Debit No$.$Credit

$101$ Cash $$$ $2,400154$ Accumulated Depreciation$$Equipment $ $2,000$

$112$ Accounts Receivable $4,250201$Accounts Payable $2,600$

$126$ Supplies $1,800209$Unearned Service Revenue $1,200$

$153$ Equipment $12,000212$ Salaries and Wages Payable $700$

$301$ Owner$$s Capital $13,950$

$$ $$20,450$$$20,450$

$$

During October, the following summary transactions were completed.

Oct $8$ Paid $$1,700$ for salaries due employees, of which $$700$ is for September salaries.

$10$ Received $$3,620$ cash from customers on account.

$12$ Received $$3,100$ cash for services performed in October.

$15$ Purchased equipment on account $$2,000.$

$17$ Purchased supplies on account $$700.$

$20$ Paid creditors on account $$2,700.$

$22$ Paid November rent $$400.$

$25$ Paid salaries $$1,700.$

$27$ Performed services on account and billed customers for these services $$2,200.$

$29$ Received $$600$ from customers for future service.

Adjustment data consist of:

$1.$ Supplies on hand $$1,400.$

$2.$ Accrued salaries payable $$350.$

$3.$ Depreciation for the month is $$200.$

$4.$ Services related to unearned service revenue of $$1,220$ were performed.

Instructions

$($a$)$ Enter the October $1$ balances in the ledger accounts.

$($b$)$ Journalize the October transactions.

$($c$)$ Post to the ledger accounts. Use J$1$ for the posting reference. Use the following additional

accounts: No$.407$ Service Revenue, No$.615$ Depreciation Expense, No$.631$

Supplies Expense, No$.726$ Salaries and Wages Expense, and No$.729$ Rent Expense.

$($d$)$ Prepare a trial balance at October $30.$

$($e$)$ Journalize and post adjusting entries.

$($f$)$ Prepare an adjusted trial balance.

$($g$)$ Prepare an income statement and an owner$$s equity statement for October and a

balance sheet at October $31.$