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Bramble Equipment Repair began operating in September 2022. It prepares financial statements at the end of each month. On November 1, 2022, a tabular summary

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Bramble Equipment Repair began operating in September 2022. It prepares financial statements at the end of each month. On November 1, 2022, a tabular summary includes the following information. Note that Bramble began the month with $ 2,520 in Retained Earnings. This balance represents the results of its first two months of business. Assets Liabilities Stockholders Equity Acc. Depr. Equip. Accts. Rec. Unearn. Serv. Rev. Sal./Wages + Cash = Accts. Pay. + + Supplies Equip. + Com. Stock Retained Earnings 4 Pay, + + 2.344 + 2,444 + 940 + 8,400 420- 1.932 336 + 520 + 8,400 + 2.520 During November, the following summary transactions were completed. Nov. 8 10 12 15 Paid $1,024 for salaries due employees, of which $ 504 is for November and $ 520 is for October salaries payable. Received $ 1,512 cash from customers in payment of account Received $ 3,108 cash for services performed in November Purchased store equipment on account $3,024. Purchased supplies on Iccount $ 1.092. Paid creditors $ 2.100 of accounts payable due Paid November rent $ 404 Pald salaries $ 840 17 20 22 25 27 Performed services on account worth $756 and billed customers. 29 Received $ 630 from customers for services to be performed in the future. Adjustment data: 1. Supplies on hand are valued at $ 924. Accrued salaries payable ar? $ 404. 2. 3. Depreciation for the month is $ 210. 4. Services were performed to satisfy $ 420 of unearned service revenue. (a-d) Use the tabular summary below to complete the following. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) (a) Record the November transactions. Include explanations for amounts in the revenue or expense column. (b) Compute the balance in each column after recording the November 29 transaction (c) Record adjustments (d) Compute the adjusted balance in each column. Assets Accts. Rec. Cash + Supplies + Equip 11/1 Bal. 2,344 2,444 940 Nov. 8 10

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