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Pronghorn Equipment Repair began operating in September 2017. It prepares financial statements at the end of each month. On November 1, 2017, a tabular summary includes the following information. Note that Pronghorn began the month with $3,430 in Retained Earnings. This balance represents the results of its first two months of business. Assets + Stockholde Liabilities Unearn. Serv. Rev. + Accts. Rec. Acc. Depr- - Equip. 500 + Cash 3.220 + + Supplies + 1,550 + Equip. 10,430 Accts. Pay. 2,730 Sal./Wages + Pay. 820 Com. Stock + 10,430 + 11/1 Bal. + 3,110 + + 400 + + During November, the following summary transactions were completed. Nov. 8 10 12 15 17 20 22 25 27 29 Paid $1,220 for salaries due employees, of which $400 is for November and $820 is for October salaries payable. Received $1,870 cash from customers in payment of account Received $3,720 cash for services performed in November Purchased store equipment on account $3,880. Purchased supplies on account $1,310. Paid creditors $2,520 of accounts payable due. Paid November rent $460. Paid salaries $1,010. Performed services on account worth $900 and billed customers. Received $840 from customers for services to be performed in the future. Adjustment data: 1. 2. 3. Supplies on hand are valued at $1,170. Accrued salaries payable are $490. Depreciation for the month is $270. Services were performed to satisfy $530 of unearned service revenue. 4. Pronghorn Equipment Repair began operating in September 2017. It prepares financial statements at the end of each month. On November 1, 2017, a tabular summary includes the following information. Note that Pronghorn began the month with $3,430 in Retained Earnings. This balance represents the results of its first two months of business. Assets Stockholders' Equity Acc. Depr.- Equip 500 Accts. Rec. 3.110 sh + Liabilities Unearn. Serv. Rev. + 400 + + Supplies Equip. 1,550 + 10,430 Accts. Pay. + 2.730 + Sal./Wages + Com. Pay. Stock 820 + 10,430 Retained + Earnings 3,430 20 + + + During November, the following summary transactions were completed. Nov. 8 10 12 15 17 20 22 25 27 29 Paid $1,220 for salaries due employees, of which $400 is for November and $820 is for October salaries payable. Received $1,870 cash from customers in payment of account Received $3,720 cash for services performed in November Purchased store equipment on account $3,880. Purchased supplies on account $1,310. Paid creditors $2,520 of accounts payable due. Paid November rent $460. Paid salaries $1,010 Performed services on account worth $900 and billed customers. Received $840 from customers for services to be performed in the future. Adjustment data: 1. 2. 3. 4. Supplies on hand are valued at $1,170. Accrued salaries payable are $490. Depreciation for the month is $270. Services were performed to satisfy $530 of unearned service revenue. Prepare a classified balance sheet at November 30. (List current assets in order of liquidity.) Pronghorn Equipment Repair Balance Sheet November 30, 2017 Assets Current Assets Cash $ Accounts Receivable Supplies Total Current Assets Total Liabilities and Stockholders' Equity

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