Home / Business /On November 30, 2021, the Swifty Equipment Repair Corps adjusted trial balance was as follows. The company closes its books monthly SWIFTY EQUIPMENT REPAIR CORP. Trial Balance November 30, 2021 After Adjustment Debit Credit Cash $ 34,630 Accounts Receivable 7.220 Supplies 1.000 Equipment 18,000 Accumulated Depreciation - Equipment $3.900 Accounts Payable 500 Salaries Payable 1.000 Income Tax Payable 1.100 Deferred Revenue 1.300 Common Shares 15,000 Retained Earnings 33,200 Dividends Declared 550 Service Revenue 15.400 Salaries Expense 4.600 Rent Expense 500 Supplies Expense 3,500 Income Tax Expense 1.100 Question 5 of 5 < November 30, 2021 After Adjustment Debit Credit Cash $ 34,630 Accounts Receivable 7.220 Supplies 1.000 Equipment 18.000 Accumulated Depreciation - Equipment 53.900 Accounts Payable 500 Salaries Payable 1.000 Income Tax Payable 1.100 Deferred Revenue 1.300 Common Shares 15.000 Retained Earnings 33.200 Dividends Declared 550 Service Revenue 15.400 Salaries Expense 4,600 Rent Expense 500 Supplies Expense 3.500 Income Tax Expense 1100 Depreciation Expense 300 Totals $71.400 $ 71.400 MacBook Air 80 221 22 & :8 2 # 3 A4 % 5 6 & 7 8 9 0 2 W E R т Y U 0 S D F G H н. J к с V B N M Prepare the closing journal entries. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit Nov. 30 (To close revenue account.) 30 (To close expense accounts 30 (To close net income/tloss). (To close net income/[loss :) 30 (To close dividends declared.) List of Accounts -/3.8 Post the closing entries to the accounts.(CE means closing entry.) (Post entries in the order of journal entries presented in the previous part.) Nov. 1 Bal. Nov. 13 Nov. 13 Nov 19 Nov 30 Nov. 30 Bal Cash 22.680 Nov 5.500 Nov 21 4500 Nov 23 11.100 Nov 23 1.100 Nov 28 34,630 2.200 4,600 500 2.400 550 Nov. 1 Bal Nov. 27 Nov. 30 Bal Accounts Receivable 8,220 3.500 Nov 13 7.220 4,500 Nov. 1 Bal Nov. 20 Nov. 30 Bal Supplies 4,000 500 4.500 Nov. 30 Adi 1.000 Nov. 30 Bal 3.500 Nov. 1 B Nov. 30 Bal Equipment 18.000 18.000 NOV. JUBIL -73.8 IH 1.000 Nov. 1 Bal. Nov. 30 Bal Equipment 18,000 18,000 Accumulated Depreciation-Equipment Nov. 1 Bal Nov. 30 Adi Nov. 30 Bal 3,600 300 3,900 Nov. 21 Accounts Payable Nov. 1 Bal 4,600 Nov 20 Nov. 30 Bal 4,600 500 500 Nov.9 1,000 Salaries Payable Nov. 1 Bat 1,000 Nov 30 Bal Nov. 30 Adi Nov. 30 Bal 0 1,000 1.000 Income Tax Payable Nov. 30 Adi Nov. 30 Bal 1.100 1.100 NO. 30 - 13.8 110D Deferred Revenue Nov 1Bal Nov 30 Nov. 30 B 800 Nov. 30 Bal 1000 1.100 2100 Nov. 30 Adi 1300 Common Shares Nox 1 Bal Nox 13 Nov 30 Bal 9.500 5.500 15.000 Retained Earnings Now 18 33.200 Nov 28 Dividends Declared 550 Nov. 30 Bal 550 Service Revenue MacBook Air 80 do 8: : DO A 3 % 5 6 & 옥 & 7 * 8 9 II O W E R т Y U o Р S D F G H J K L X C V B N M V - ? I

Question On November 30, 2021, the Swifty Equipment Repair Corps adjusted trial balance was as follows. The company closes its books monthly SWIFTY EQUIPMENT REPAIR CORP. Trial Balance November 30, 2021 After Adjustment Debit Credit Cash $ 34,630 Accounts Receivable 7.220 Supplies 1.000 Equipment 18,000 Accumulated Depreciation - Equipment $3.900 Accounts Payable 500 Salaries Payable 1.000 Income Tax Payable 1.100 Deferred Revenue 1.300 Common Shares 15,000 Retained Earnings 33,200 Dividends Declared 550 Service Revenue 15.400 Salaries Expense 4.600 Rent Expense 500 Supplies Expense 3,500 Income Tax Expense 1.100 Question 5 of 5 < November 30, 2021 After Adjustment Debit Credit Cash $ 34,630 Accounts Receivable 7.220 Supplies 1.000 Equipment 18.000 Accumulated Depreciation - Equipment 53.900 Accounts Payable 500 Salaries Payable 1.000 Income Tax Payable 1.100 Deferred Revenue 1.300 Common Shares 15.000 Retained Earnings 33.200 Dividends Declared 550 Service Revenue 15.400 Salaries Expense 4,600 Rent Expense 500 Supplies Expense 3.500 Income Tax Expense 1100 Depreciation Expense 300 Totals $71.400 $ 71.400 MacBook Air 80 221 22 & :8 2 # 3 A4 % 5 6 & 7 8 9 0 2 W E R т Y U 0 S D F G H н. J к с V B N M Prepare the closing journal entries. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit Nov. 30 (To close revenue account.) 30 (To close expense accounts 30 (To close net income/tloss). (To close net income/[loss :) 30 (To close dividends declared.) List of Accounts -/3.8 Post the closing entries to the accounts.(CE means closing entry.) (Post entries in the order of journal entries presented in the previous part.) Nov. 1 Bal. Nov. 13 Nov. 13 Nov 19 Nov 30 Nov. 30 Bal Cash 22.680 Nov 5.500 Nov 21 4500 Nov 23 11.100 Nov 23 1.100 Nov 28 34,630 2.200 4,600 500 2.400 550 Nov. 1 Bal Nov. 27 Nov. 30 Bal Accounts Receivable 8,220 3.500 Nov 13 7.220 4,500 Nov. 1 Bal Nov. 20 Nov. 30 Bal Supplies 4,000 500 4.500 Nov. 30 Adi 1.000 Nov. 30 Bal 3.500 Nov. 1 B Nov. 30 Bal Equipment 18.000 18.000 NOV. JUBIL -73.8 IH 1.000 Nov. 1 Bal. Nov. 30 Bal Equipment 18,000 18,000 Accumulated Depreciation-Equipment Nov. 1 Bal Nov. 30 Adi Nov. 30 Bal 3,600 300 3,900 Nov. 21 Accounts Payable Nov. 1 Bal 4,600 Nov 20 Nov. 30 Bal 4,600 500 500 Nov.9 1,000 Salaries Payable Nov. 1 Bat 1,000 Nov 30 Bal Nov. 30 Adi Nov. 30 Bal 0 1,000 1.000 Income Tax Payable Nov. 30 Adi Nov. 30 Bal 1.100 1.100 NO. 30 - 13.8 110D Deferred Revenue Nov 1Bal Nov 30 Nov. 30 B 800 Nov. 30 Bal 1000 1.100 2100 Nov. 30 Adi 1300 Common Shares Nox 1 Bal Nox 13 Nov 30 Bal 9.500 5.500 15.000 Retained Earnings Now 18 33.200 Nov 28 Dividends Declared 550 Nov. 30 Bal 550 Service Revenue MacBook Air 80 do 8: : DO A 3 % 5 6 & 옥 & 7 * 8 9 II O W E R т Y U o Р S D F G H J K L X C V B N M V - ? I

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Transcribed Image Text: On November 30, 2021, the Swifty Equipment Repair Corps adjusted trial balance was as follows. The company closes its books monthly SWIFTY EQUIPMENT REPAIR CORP. Trial Balance November 30, 2021 After Adjustment Debit Credit Cash $ 34,630 Accounts Receivable 7.220 Supplies 1.000 Equipment 18,000 Accumulated Depreciation - Equipment $3.900 Accounts Payable 500 Salaries Payable 1.000 Income Tax Payable 1.100 Deferred Revenue 1.300 Common Shares 15,000 Retained Earnings 33,200 Dividends Declared 550 Service Revenue 15.400 Salaries Expense 4.600 Rent Expense 500 Supplies Expense 3,500 Income Tax Expense 1.100 Question 5 of 5 < November 30, 2021 After Adjustment Debit Credit Cash $ 34,630 Accounts Receivable 7.220 Supplies 1.000 Equipment 18.000 Accumulated Depreciation - Equipment 53.900 Accounts Payable 500 Salaries Payable 1.000 Income Tax Payable 1.100 Deferred Revenue 1.300 Common Shares 15.000 Retained Earnings 33.200 Dividends Declared 550 Service Revenue 15.400 Salaries Expense 4,600 Rent Expense 500 Supplies Expense 3.500 Income Tax Expense 1100 Depreciation Expense 300 Totals $71.400 $ 71.400 MacBook Air 80 221 22 & :8 2 # 3 A4 % 5 6 & 7 8 9 0 2 W E R т Y U 0 S D F G H н. J к с V B N M Prepare the closing journal entries. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit Nov. 30 (To close revenue account.) 30 (To close expense accounts 30 (To close net income/tloss). (To close net income/[loss :) 30 (To close dividends declared.) List of Accounts -/3.8 Post the closing entries to the accounts.(CE means closing entry.) (Post entries in the order of journal entries presented in the previous part.) Nov. 1 Bal. Nov. 13 Nov. 13 Nov 19 Nov 30 Nov. 30 Bal Cash 22.680 Nov 5.500 Nov 21 4500 Nov 23 11.100 Nov 23 1.100 Nov 28 34,630 2.200 4,600 500 2.400 550 Nov. 1 Bal Nov. 27 Nov. 30 Bal Accounts Receivable 8,220 3.500 Nov 13 7.220 4,500 Nov. 1 Bal Nov. 20 Nov. 30 Bal Supplies 4,000 500 4.500 Nov. 30 Adi 1.000 Nov. 30 Bal 3.500 Nov. 1 B Nov. 30 Bal Equipment 18.000 18.000 NOV. JUBIL -73.8 IH 1.000 Nov. 1 Bal. Nov. 30 Bal Equipment 18,000 18,000 Accumulated Depreciation-Equipment Nov. 1 Bal Nov. 30 Adi Nov. 30 Bal 3,600 300 3,900 Nov. 21 Accounts Payable Nov. 1 Bal 4,600 Nov 20 Nov. 30 Bal 4,600 500 500 Nov.9 1,000 Salaries Payable Nov. 1 Bat 1,000 Nov 30 Bal Nov. 30 Adi Nov. 30 Bal 0 1,000 1.000 Income Tax Payable Nov. 30 Adi Nov. 30 Bal 1.100 1.100 NO. 30 - 13.8 110D Deferred Revenue Nov 1Bal Nov 30 Nov. 30 B 800 Nov. 30 Bal 1000 1.100 2100 Nov. 30 Adi 1300 Common Shares Nox 1 Bal Nox 13 Nov 30 Bal 9.500 5.500 15.000 Retained Earnings Now 18 33.200 Nov 28 Dividends Declared 550 Nov. 30 Bal 550 Service Revenue MacBook Air 80 do 8: : DO A 3 % 5 6 & 옥 & 7 * 8 9 II O W E R т Y U o Р S D F G H J K L X C V B N M V - ? I
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Transcribed Image Text: On November 30, 2021, the Swifty Equipment Repair Corps adjusted trial balance was as follows. The company closes its books monthly SWIFTY EQUIPMENT REPAIR CORP. Trial Balance November 30, 2021 After Adjustment Debit Credit Cash $ 34,630 Accounts Receivable 7.220 Supplies 1.000 Equipment 18,000 Accumulated Depreciation - Equipment $3.900 Accounts Payable 500 Salaries Payable 1.000 Income Tax Payable 1.100 Deferred Revenue 1.300 Common Shares 15,000 Retained Earnings 33,200 Dividends Declared 550 Service Revenue 15.400 Salaries Expense 4.600 Rent Expense 500 Supplies Expense 3,500 Income Tax Expense 1.100 Question 5 of 5 < November 30, 2021 After Adjustment Debit Credit Cash $ 34,630 Accounts Receivable 7.220 Supplies 1.000 Equipment 18.000 Accumulated Depreciation - Equipment 53.900 Accounts Payable 500 Salaries Payable 1.000 Income Tax Payable 1.100 Deferred Revenue 1.300 Common Shares 15.000 Retained Earnings 33.200 Dividends Declared 550 Service Revenue 15.400 Salaries Expense 4,600 Rent Expense 500 Supplies Expense 3.500 Income Tax Expense 1100 Depreciation Expense 300 Totals $71.400 $ 71.400 MacBook Air 80 221 22 & :8 2 # 3 A4 % 5 6 & 7 8 9 0 2 W E R т Y U 0 S D F G H н. J к с V B N M Prepare the closing journal entries. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit Nov. 30 (To close revenue account.) 30 (To close expense accounts 30 (To close net income/tloss). (To close net income/[loss :) 30 (To close dividends declared.) List of Accounts -/3.8 Post the closing entries to the accounts.(CE means closing entry.) (Post entries in the order of journal entries presented in the previous part.) Nov. 1 Bal. Nov. 13 Nov. 13 Nov 19 Nov 30 Nov. 30 Bal Cash 22.680 Nov 5.500 Nov 21 4500 Nov 23 11.100 Nov 23 1.100 Nov 28 34,630 2.200 4,600 500 2.400 550 Nov. 1 Bal Nov. 27 Nov. 30 Bal Accounts Receivable 8,220 3.500 Nov 13 7.220 4,500 Nov. 1 Bal Nov. 20 Nov. 30 Bal Supplies 4,000 500 4.500 Nov. 30 Adi 1.000 Nov. 30 Bal 3.500 Nov. 1 B Nov. 30 Bal Equipment 18.000 18.000 NOV. JUBIL -73.8 IH 1.000 Nov. 1 Bal. Nov. 30 Bal Equipment 18,000 18,000 Accumulated Depreciation-Equipment Nov. 1 Bal Nov. 30 Adi Nov. 30 Bal 3,600 300 3,900 Nov. 21 Accounts Payable Nov. 1 Bal 4,600 Nov 20 Nov. 30 Bal 4,600 500 500 Nov.9 1,000 Salaries Payable Nov. 1 Bat 1,000 Nov 30 Bal Nov. 30 Adi Nov. 30 Bal 0 1,000 1.000 Income Tax Payable Nov. 30 Adi Nov. 30 Bal 1.100 1.100 NO. 30 - 13.8 110D Deferred Revenue Nov 1Bal Nov 30 Nov. 30 B 800 Nov. 30 Bal 1000 1.100 2100 Nov. 30 Adi 1300 Common Shares Nox 1 Bal Nox 13 Nov 30 Bal 9.500 5.500 15.000 Retained Earnings Now 18 33.200 Nov 28 Dividends Declared 550 Nov. 30 Bal 550 Service Revenue MacBook Air 80 do 8: : DO A 3 % 5 6 & 옥 & 7 * 8 9 II O W E R т Y U o Р S D F G H J K L X C V B N M V - ? I
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(Bing revenue debited to income &amp; expenses statement)00.30 Income Expense statement quad$10,000(Bing all expensie's Credited to P//L )100.30 ... See the full answer

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