ACCOUNTING

Problem 3-05A a-g (Part Level Submission) On November 1, 2020, the account balances of Wildhorse Equipment Repair were as follows. No. Debits No. Credits 101 Cash $ 2,350 154 Accumulated Depreciation-Equipment $ 1,840 112 Accounts Receivable 4,230 201 Accounts Payable 2,590 126 Supplies 1,810 209 Unearned Service Revenue 1,150 153 Equipment 11,040 212 Salaries and Wages Payable 722 301 Owner's Capital 13,128 $19,430 $19,430 During November, the following summary transactions were completed. Nov. 8 Paid $1,750 for salaries due employees, of which $722 is for October salaries. 10 Received $3,430 cash from customers on account. 12 Received $3,080 cash for services performed in November. 15 Purchased equipment on account $1,990. 17 Purchased supplies on account $670. 20 Paid creditors on account $2,720. 22 Paid November rent $390. 25 Paid salaries $1,750. 27 Performed services on account and billed customers for these services $1,940. 29 Received $590 from customers for future service.(a) Enter the November 1 balances in the ledger accounts. Cash No. 101 Date Explanation Ref Debit Credit Balance Nov. 1 Balance V Accounts Receivable No. 112 Date Explanation Ref Debit Credit Balance Nov. 1 Balance V Supplies No. 126 Date Explanation Ref Debit Credit Balance Nov. 1 Balance V Equipment No. 153 Date Explanation Ref Debit Credit Balance Nov. 1 Balance V Accumulated Depreciation-Equipment No. 154 Date Explanation Ref Debit Credit Balance Nov. 1 Balance V Accounts Payable No. 201 Date Explanation Ref Debit Credit BalanceCALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Date Explanation Ref Debit Credit Balance Nov. 1 Balance V Accounts Payable No. 201 Date Explanation Ref Debit Credit Balance Nov. 1 Balance V Unearned Service Revenue No. 209 Date Explanation Ref Debit Credit Balance Nov. 1 Balance V Salaries and Wages Payable No. 212 Date Explanation Ref Debit Credit Balance Nov. 1 Balance V Owner's Capital No. 301 Date Explanation Ref Debit Credit Balance Nov. 1 Balance V