s Problem 4 9A On Oitober 31, 2018, Alou Equigpment Repar Corp's opening trial balance was an folows. The compuny adyjsts is accousts monthy Debit Credit Cash Accounts receivable Supplies s16,050 15,890 4,000 18,000 x Accumulated depreciation-equipmert 3,600 ,600 1,000 Accounts payable Salanes payable Uncarned revenue Common shares Retsned earnings 19,630 53,940 $53,90 Ouring November, the following transactions were coempleted Now 9 ad $2.010 to employees for salaries due, of whirh 1,00 s er octmber salres avable and $',010 for Nowember 3 Issued common shares for $4,370 13 Redeived 312,430 cash from customers in payment of accounts 19 Received 11,400 cash for services performed in Novumber 2 Purchased supplies on account,$600 1 Paid credtors $4,5o0 of accounts payable ue 23 Paid Nowember rent, 5600 Pad sen $2,500 ESEquipment 18,000 Accumulated depreniation equipment Accounts payable Salaries payable Uhearned revenue Common shares Retained eanings $3,600 1,000 10,630 33,0 53,940$53,94 edy During November, the follawing trasactions were completed Nuv. 9 Paid $2,011 to employees for salaries due, of whe h $1,000 stor October salares pay iblir and S010 turno enter 13 Issued common shares for s4,3 13 Recerved $1.2,430.cash from customers in payment of accoonts 19 Received $11,400 cosh for services perforined in November 20 Parshssed supplies on account, s6o0 21 Paid creditors $4,600 of accounts poyable du 3 Paid November rent,$600 3 Paid salats, 52,990 Performed services on atcount, $3,760 Declared and paid a cash dividend, $500, teceived $1,190 from customers for services to be perforined in te future 10 conect ALOU TOIIPMENT REPAIR CORP. Adjustment data for the month: 1. Supplies on hand are $1,000. 2. Accrued salaries payable are $1,000. 3. The equipment has an estimated useful life of five years and Alou uses straight-line depreciation. 4. Unearned revenue of $800 was earned during the month 5. Income tax payable is estimated to be $1,100. Prepare the adjusting journal entries for the month. (Credit aecount titdles are automatically indented when the a ALOU EQUIPMENT REPAIR CORP SOURCES s by. Study kl vnur answer isnrnrnrt .Trvanain XYour answer is incorrect. Try again. Prepare a statement of changes in equity for the month. AIOU EQUIPMENT REPAIR CORP. Statement of Changes in Equity Month Ended November 30, 2018 corc Common Shares Retained Earnings Total Equity Net income Your answer is incorrect. Try agaan. Sens s A ights Reser Prepare a statement of financial position as at November 30, 2018. (List Current Assets in order of liquidity. ALOU EQUIPMENT REPAIR CORP. Statement of Financial Position November 30, 2018 Assets h 55 ng, All Rights Reserved. A Division of RCES Study Liabilities and Shareholders' Equity RCE S study Liabilities and Shareholders' Equity