Debit Credit Cash $3,260 Accumulated Depreciation-Equipment $540 Accounts Receivable 3,150 Accounts Payable 2,730 Supplies 1,550 Unearned Service Revenue 400 Equipment 10,430 Salaries and Wages Payable 860 Common Stock 10,430 Retained Earnings 3,430 $18,390 $18,390 During November, the following summary transactions were completed. Paid $1,220 for salaries due employees, of which $360 is for November and $860 is for October salaries payable. Nov. 8 10 Received $1,820 cash from customers in payment of account. 12 Received $3,770 cash for services performed in November. 15 Purchased store equipment on account $3,610. 17 Purchased supplies on account $1,320. 20 Paid creditors $2,530 of accounts payable due. 22 Paid November rent $460. 25 Paid salaries $1,050. (a) 27 Performed services on account worth $960 and billed customers. 22 29 Received $760 from customers for services to be performed in the future. Your Answer Correct Answer Your answer is correct. Enter the November 1 balances in the ledger accounts. (Use T-accounts.) 11/1 Bal. 11/1 Bal. 3260 Cash Accounts Receivable 3150