This corporation sells office products and performs accounti

This corporation sells office products and performs accounting services S & B uses the Perpetual Inventory system and had the following balances: S & B Office Suppli Trial Balance November 1, 2017 es and Services Title Debit Credit Cash 9,000 Accounts Receivable 2,240 Supplies 860 Equipment 25,000 Accumulated Depreciation 1,000 Accounts Payable 3,400 Unearned Service Revenue 4,000

Solution

Trial:

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General Journal
Date	Ref.	Details	Debit	Credit
08-Nov-17	2-005	Salaries and wages payable	1,700.00
	1-001		Cash		1700.00
	4-006	Salaries and wages expense	1,850.00
	1-001		Cash		1850.00
10-Nov-17	1-001	Cash	1,900.00
	1-002		Accounts Receivable		1900.00
11-Nov-17	1-003	Merchandise Inventory	8,000.00
	2-001		Accounts Payable		8000.00
12-Nov-17	1-002	Accounts Receivable	5,500.00
	3-506		Sales		5500.00
	4-001	Cost of Goods Sold	4,000.00
	1-003		Merchandise Inventory		4000.00
15-Nov-17	2-001	Accounts Payable	300.00
	1-003		Merchandise Inventory		300.00
19-Nov-17	1-001	Cash	5390
	4-020	Sales Discount	110
	1-002		Accounts Receivable		5500
20-Nov-17	2-001	Accounts Payable	7,700.00
	1-001		Cash		7546.00
	1-003		Merchandise Inventory		154.00
22-Nov-17	1-001	Cash	2,300.00
	3-506		Sales		2300.00
25-Nov-17	1-501	Equipment	5,000.00
	2-001		Accounts Payable		5000.00
27-Nov-17	1-006	Supplies	1,700.00
	2-001		Accounts Payable		1700.00
28-Nov-17	2-001	Accounts Payable	3,000.00
	1-001		Cash		3000.00
29-Nov-17	4-004	Rent Expense	375.00
	1-001		Cash		375.00
29-Nov-17	4-006	Salaries and wages expense	1,300.00
	1-001		Cash		1300.00
29-Nov-17	1-002	Accounts Receivable	700.00
	3-506		Sales		700.00
29-Nov-17	1-001	Cash	700.00
	2-006		Unearned Revenue		700.00
30-Nov-17	4-019	Supplies Expense	960
	1-006		Supplies		960.00
30-Nov-17	4-006	Salaries and wages expense	500.00
	2-005		Salaries and wages payable		500.00
30-Nov-17	4-008	Depreciation Expense	250.00
	2-003		Accumulated Depreciation		250.00
30-Nov-17	2-006	Unearned Revenue	4,050.00
	3-506		Sales		4050.00
Closing Entries
			Debit	Credit
30-Nov-17		Sales	12550
		Retained Earning		12550
30-Nov-17		Retained Earning	9345
		Sales Discount		110
		Cost of Goods Sold		4000
		Salaries and wages expense		3650
		Rent Expense		375
		Supplies Expense		960
		Depreciation Expense		250