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On November 1, 2018, the following were the account balances of Mountain Equipment Repair Limited....

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Accounting

On November 1, 2018, the following were the account balances of Mountain Equipment Repair Limited. Mountains year-end is October 31 and it records adjusting entries monthly.

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Enter the November 1 balances in the ledger accounts.

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Journalize the November transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

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Post to the ledger accounts. (Post entries in the order of journal entries presented in the previous part.)

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Journalize and post adjusting entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

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Post adjusting journal entries. (Post entries in the order of journal entries presented in the previous part.)

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Prepare an adjusted trial balance. (List Current assets in order of liquidity.)

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MOUNTAIN E?UIPMENT REPAIR LIMITED Post-Closing Trial Balance November 1, 2018 Debit Credit Cash Accounts receivable Supplies Equipment Accumulated depreciation- Equipment Accounts payablee Salaries payable Unearned revenue Common shares Retained earnings $2,790 2,970 1,120 9,600 $5,760 2,330 610 400 1,000 6,380 $16,480 $16,480

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