cur tur Culver 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 Culver began the month with $3,480 in Retained Earnings. This balance represents the results of its first two months of business. deo call wod BULL OUTS Assets Liabilities + Stockholders Acc. Accts. Cash + Rec. + Supplies Equip. Depr- Accts. Equip. Pay + Unearn. Serv. Rev. Sal./Wages + Pay. Com. Stock FRAZ 11/1 Bal. 3,240 + 3,372 + 1,292 + 11,600- 580- 2,668 + 464 + 712 11,600 + HAR MAR BURKE CESAX CESBR CESER CESBR Nov. 8 During November, the following summary transactions were completed. Paid $1,408 for salaries due employees, of which $696 is for November and $712 is for October salaries payable. CESER 10 CES-I Received $2,088 cash from customers in payment of account. CES- 12 Received $4,292 cash for services performed in November. CESLIC 15 Purchased store equipment on account $4,176. 17 Purchased supplies on account $1,508, 20 Paid creditors $2.900 of accounts payable due. 22 Paid November rent$564. 25 Paid salaries $1,160, 27 Performed services on account worth $1,044 and billed customers. 29 Received $870 from customers for services to be performed in the future. 20 Docu Paid creditors $2.900 of accounts payable due. Down 22 Music 22 25 Pictu Video 22 27 Local 29 Netwo BBULL BOUT BFRA Paid November rent $564, Paid salaries $1,160. Performed services on account worth $1,044 and billed customers Received $870 from customers for services to be performed in the future. Adjustment data: C Ad V Act BHAR 1 MAR Supplies on hand are valued at $1,276. BURKE 2 Accrued salaries payable are $564. Qu Acco CESA CESER 3. Depreciation for the month is $290. CESOR 4. Services were performed to satisfy $580 of unearned service revenue. Que Accou CESBR CESE CLS- Ques Accour CES CESL (a-d) nems Your answer is partially correct 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. Quesa Account Questa Acrmurow Questio Accounen A2 AR 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 AR RUKE Cash Accts. Rec SAX SER 11/1 Bal. 3,240 ESBA ES88 ESBR Nov. 8 CES- CESU 10 17 20 22222 12 15 Supplies Equip 3372 1,292 Supplies 1,292 i + Equip. 11,600 Acc. Depr Equip. -580 Accts. Pay. C A i Q Act Que Mo Que Acco Que Accour AR AR FO SAX ESBR ESER CESER CES-IN CES- CESLI Accts. Pay. 2,668 Unearn + Serv. Rev. Sal/Wages + Pay. 464 i Com. Stock 712 Q Ac Qu Acco i Que Accou Que- Accour Quest Accours Questi Accounta , + Retained Earnings Rev. 1 Exp. 3,480 Div. i i Q Ao Qu AL