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enter November 1 balance in ledger T accounts Thats all thats given nov 8 to nov 29 thats all the information give On November 1,2022
enter November 1 balance in ledger T accounts
Thats all thats given nov 8 to nov 29 thats all the information give
On November 1,2022 , IKonk had the following account balances. The company uses the perpetual inventory method. Jov. 8 Paid $3,550 for salaries due employees, of which $1,850 is for November and $1,700 is for October. 10 Received $1,900 cash from customers in payment of account. 11 Purchased merchandise on account from Dimas Discount Supply for $8,000, terms 2/10,n/30. 12 Sold merchandise on account for $5,500, terms 2/10,n/30. The cost of the merchandise sold was $4,000. 15 Received credit from Dimas Discount Supply for merchandise returned $300. 19 Received collections in full, less discounts, from customers billed on sales of $5,500 on November 12. 20 Paid Dimas Discount Supply in full, less discount. 22 Received $2,300 cash for services performed in November. 25 Purchased equipment on account $5,000. 27 Purchased supplies on account $1,700. 28 Paid creditors $3,000 of accounts payable due. 29 Paid November rent $375. 29 Paid salaries $1,300. 29 Performed services on account and billed customers $700 for those services. 29 Received $675 from customers for services to be performed in the future. Enter the November 1 balances in ledger T-accounts. Accounts Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings Step by Step Solution
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