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earnings statement for November 30 . Flint Equipment Repair began operating in September 2022. It prepares financial statements at the end of each month. On
earnings statement for November 30 . Flint 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 Flint began the month with $3,540 in Retained Earnings. This balance represents the results of its first two months of business. During November, the following summary transactions were completed. Nov, 8 Paid $1,432 for salaries due employees, of which $708 is for November and $724 is for October salaries payable. 10 Received $2,124 cash from customers in payment of account. 12 Received $4,366 cash for services performed in November. 15 Purchased store equipment on account $4,248. 17 Purchased supplies on account $1,534. 20 Paid creditors $2,950 of accounts payable due. 17 Purchased supplies on account $1,534. 20 Paid creditors $2,950 of accounts payable due. 22 Paid November rent $574. 25 Paid salaries $1,180. 27 Performed services on account worth $1,062 and billed customers. 29 Received $885 from customers for services to be performed in the future. Adjustment data: 1. Supplies on hand are valued at $1,298. 2. Accrued salaries payable are $574. 3. Depreciation for the month is $295. 4. Services were performed to satisfy $590 of unearned service revenue. earnings statement for November 30 . Flint 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 Flint began the month with $3,540 in Retained Earnings. This balance represents the results of its first two months of business. During November, the following summary transactions were completed. Nov, 8 Paid $1,432 for salaries due employees, of which $708 is for November and $724 is for October salaries payable. 10 Received $2,124 cash from customers in payment of account. 12 Received $4,366 cash for services performed in November. 15 Purchased store equipment on account $4,248. 17 Purchased supplies on account $1,534. 20 Paid creditors $2,950 of accounts payable due. 17 Purchased supplies on account $1,534. 20 Paid creditors $2,950 of accounts payable due. 22 Paid November rent $574. 25 Paid salaries $1,180. 27 Performed services on account worth $1,062 and billed customers. 29 Received $885 from customers for services to be performed in the future. Adjustment data: 1. Supplies on hand are valued at $1,298. 2. Accrued salaries payable are $574. 3. Depreciation for the month is $295. 4. Services were performed to satisfy $590 of unearned service revenue
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