This corporation sells office products and performs accountingservices.

S & B uses the Perpetual Inventory system and had thefollowing balances:

S & B Office Supplies and Services

Trial Balance

November 1, 2018

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
Salaries and Wages Payable		1,700
Common Stock		20,000
Retained Earnings		7,000
Totals	$37,100	$37,100

During the month of November, the following summary transactionswere completed.

Nov. 1   Paid November Rent $375

8    Paid $3,550 for salaries dueemployees, of which 1,850 is for November and $1,700 is forOctober.

        10    Received $1,900 cash from customers in payment of account.

        11    Purchased merchandise on account from dd’s Discount Supply $8,000,terms 2/10, n/30.

        12    Sold merchandise on account for $5,500, terms 2/10, n/30. The costof the
merchandise sold was $4,000.

        15    Received credit from dd’s Discount Supply for merchandise returned$300.

        19    Received collections in full, less discounts, from customersbilled
on sales of $5,500 on November 12.

        20    Paid dd’s Discount Supply in full, less discount.

        22    Received $2,300 Cash for services performed in November.

        25    Purchased equipment on account $5,000.

        27    Purchased supplies on account $1,700.

        28    Paid creditors $3,000 of accounts payable due.

        29    Paid Salaries $1,300.

        29    Performed services on account and billed customers $700.

        29    Received $675 from customers for services to be performed in thefuture.

Adjustment Data:

1. Supplies on hand are valued at $1,400.
2. Accrued salaries are $500.
3. Depreciation for the month is $250.
4. $750 of services related to the unearned service revenue hasnot been earned by month end.

Instructions:

1. Enter the November 1, balances in ledger accounts.
2. Journalize the November transactions.
3. Post to the ledger accounts. HINT: You will need to add someaccounts to the beginning ones available.
4. Journalize and Post the Adjusting Entries.
5. Prepare an adjusted trial balance at November 30, 2018.
6. Journalize the Closing Entries.