Question

Problem 3-05A a 9 (Part Level Submission) On November 1, 2020, the account balances of Oriole Equipment Repair were as follows. No. Debits No. Credits 101 Cash 112 Accounts Receivable 126 Supplies 153 Equipment $ 2,390 4,300 1,800 11,220 154 201 209 212 301 Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Salaries and Wages Payable Owner's Capital $ 1,870 2,560 1,170 710 13,400 $19,710 $19,710 During November, the following summary transactions were completed. Nov. 8 Paid $1,700 for salaries due employees, of which $710 is for October salaries. 10 Received $3,390 cash from customers on account. 12 Received $3,080 cash for services performed in November 15 Purchased equipment on account $2,020 17 Purchased supplies on account $740. 20 Paid creditors on account $2,750. 22 Paid November rent $440 25 Paid salaries 51,700. 27 Performed services on account and billed customers for these services $1,930. 29 Received $570 from customers for future service.

Answer 1

Requirement a:

Cash					No. 101
Date	Explanation	Ref	Debit	Credit	Balance
Nov. 1	Balance				$2,390
Accounts Receivable					No. 112
Date	Explanation	Ref	Debit	Credit	Balance
Nov. 1	Balance				$4,300
Supplies					No. 126
Date	Explanation	Ref	Debit	Credit	Balance
Nov. 1	Balance				$1,800
Equipment					No. 153
Date	Explanation	Ref	Debit	Credit	Balance
Nov. 1	Balance				$11,220
Accumulated depreciation-Equipment					No. 154
Date	Explanation	Ref	Debit	Credit	Balance
Nov. 1	Balance				$1,870
Accounts payable					No. 201
Date	Explanation	Ref	Debit	Credit	Balance
Nov. 1	Balance				$2,560
Unearned service revenue					No. 209
Date	Explanation	Ref	Debit	Credit	Balance
Nov. 1	Balance				$1,170
Salaries and Wages payable					No. 212
Date	Explanation	Ref	Debit	Credit	Balance
Nov. 1	Balance				$710
Owner's Capital					No. 301
Date	Explanation	Ref	Debit	Credit	Balance
Nov. 1	Balance				$13,400