Good Note Company specializes in the repair of music equipment and is owned and operated by Robin Stahl. On November 30, 2018, the end of the current year, the accountant

Good Note Company specializes in the repair of music equipment and is owned and operated by Robin Stahl. On November 30, 2018, the end of the current year, the accountant for Good Note prepared the following trial balances: Good Note Company Trial Balances November 30, 2018 1 Unadjusted Debit Balances Unadjusted Credit Balances Adjusted Debit Balances Adjusted Credit Balances 2 Cash 38,250.00 38,250.00 3 Accounts Receivable 89,500.00 89,500.00 4 Supplies 11,250.00 2,400.00 5 Prepaid Insurance 14,250.00 3,850.00 6 Equipment 290,450.00 290,450.00 7 Accumulated Depreciation—Equipment 94,500.00 106,100.00 8 Automobiles 129,500.00 129,500.00 9 Accumulated Depreciation—Automobiles 54,750.00 62,050.00 10 Accounts Payable 24,930.00 26,130.00 11 Salaries Payable — 8,100.00 12 Unearned Service Fees 18,000.00 9,000.00 13 Common Stock 100,000.00 100,000.00 14 Retained Earnings 224,020.00 224,020.00 15 Dividends 75,000.00 75,000.00 16 Service Fees Earned 733,800.00 742,800.00 17 Salary Expense 516,900.00 525,000.00 18 Rent Expense 54,000.00 54,000.00 19 Supplies Expense — 8,850.00 20 Depreciation Expense—Equipment — 11,600.00 21 Depreciation Expense—Automobiles — 7,300.00 22 Utilities Expense 12,900.00 14,100.00 23 Taxes Expense 8,175.00 8,175.00 24 Insurance Expense — 10,400.00 25 Miscellaneous Expense 9,825.00 9,825.00 26 $1,250,000.00 $1,250,000.00 $1,278,200.00 $1,278,200.00 Compare the unadjusted trial balance to the adjusted trial balance. Journalize the seven entries that adjusted the accounts at November 30. None of the accounts were affected by more than one adjusting entry. Refer to the Chart of Accounts for exact wording of account titles. CHART OF ACCOUNTS Good Note Company General Ledger ASSETS 11 Cash 12 Accounts Receivable 13 Supplies 14 Prepaid Insurance 16 Equipment 17 Accumulated Depreciation-Equipment 18 Automobiles 19 Accumulated Depreciation-Automobiles LIABILITIES 21 Accounts Payable 22 Salaries Payable 23 Unearned Service Fees EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends REVENUE 41 Service Fees Earned EXPENSES 51 Salary Expense 52 Rent Expense 53 Supplies Expense 54 Depreciation Expense-Equipment 55 Depreciation Expense-Automobiles 56 Utilities Expense 57 Taxes Expense 58 Insurance Expense 59 Miscellaneous Expense Transcribed Image Text: Compare the unadjusted trial balance to the adjusted trial balance. Joumalize the seven entries that adjusted the accounts at November 30. None of the accounts were
affected by more than one adjusting entry. Refer to the Chart of Accounts for exact wording of account titles.
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