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> - / 2.5 Question 5 of 5 Current attempt in Progress Sarasota Equipment Repair began operating in September 2017. It prepares financial statements at

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> - / 2.5 Question 5 of 5 Current attempt in Progress Sarasota 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 Sarasota began the month with $3,640 in Retained Earnings. This balance represents the results of its first two months of business. M Assets + Stockholde Accts Rec + Supplies - 3,080 + 1.760 + Acc Depr Equip 500 - Cash Liabilities Unearn Serv. Rev. + 400 + Accts . 2.940 + Equip 10,640 - Sal/Wages + Pay 790 + Com Stock 10.640 11/1 Bal 3,430 + During November, the following summary transactions were completed Nov. 8 Paid $1.220 for salaries due employees, of which 5430 is for November and $790 is for October salaries payable. 10 Received $1.910 cash from customers in payment of account Received $3.750 cash for services performed in November 15 Purchased store equipment on account $3.510 17 Purchased supplies on account $1.410 20 Paid creditors $2.510 of accounts payable de 12 AM Question 5 of 5 -/2.5 25 27 29 Unadi Bal. Adj. (A1) (A2) (A3) (A4) Adj. Bal e Textbook and Media - / 2.5 Question 5 of 5 111 Liabilities Accts. Acc. Depr- Equip Unearn. Serv. Rev. Sal./Wages Pay. Pay -500 2.940 400 790 1 Question 5 of 5 ./ 2.5 Stockholders'Equity Com Stock 10,640 Retained Earnings 3,660 Exp. Rev. Div. Question 5 of 5

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