Cash $ 3,250 Accumulated Depreciation—Equipment $ 500 Accounts Receivable 3,130 Accounts Payable 2,760 Supplies 1,580 Unearned...
Cash $ 3,250
Accumulated Depreciation—Equipment $ 500
Accounts Receivable 3,130
Accounts Payable 2,760
Supplies 1,580
Unearned Service Revenue 400
Equipment 10,460
Salaries and Wages Payable 840
Common Stock 10,460
Retained Earnings 3,460
During November, the following summary transactions were completed.
Nov. 8 Paid $1,220 for salaries due employees, of which $380 is for November and $840 is for October salaries payable.
10 Received $1,840 cash from customers in payment of account.
12 Received $3,780 cash for services performed in November.
15 Purchased store equipment on account $3,860. 17 Purchased supplies on account $1,380.
20 Paid creditors $2,600 of accounts payable due.
22 Paid November rent $480. 25 Paid salaries $1,200.
27 Performed services on account worth $930 and billed customers.
29 Received $780 from customers for services to be performed in the future.
Enter the November 1 balances in the ledger accounts.
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Cash $ 3,250
Accumulated Depreciation—Equipment $ 500
Accounts Receivable 3,130
Accounts Payable 2,760
Supplies 1,580
Unearned...
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Payable, Common Stock, Retained Earnings, Service Revenue, Supplies
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