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On October 31, 2018, Alou Equipment Repair Corp.'s opening trial balance was as follows. The company adjusts its accounts monthly. Cash Accounts receivable Supplies
On October 31, 2018, Alou Equipment Repair Corp.'s opening trial balance was as follows. The company adjusts its accounts monthly. Cash Accounts receivable Supplies Equipment Accumulated depreciation Accounts payable Salaries payable Unearned revenue Common shares Retained earnings Debit $ 16,370 15,840 4,000 18,000 equipment Credit $3,600 4,650 1,000 980 10,780 33,200 $54,210 $54,210 During November, the following transactions were completed Nov. g 13 13 19 20 21 23 23 27 28 30 Paid $2,210 to employees for salaries due, of which $1,000 is for October salaries payable and $1,210 for November. Issued common shares for $4,220. Received $12,450 cash from customers in payment of accounts. Received $11,400 cash for services performed in November. Purchased supplies on account, $600. Paid creditors $4,650 of accounts payable due. Paid November rent, $600. Paid salaries, $2,390. Performed serv'ices on account, $3,830. Declared and paid a cash dividend, $500. Received $1,120 from customers for services to be performed in the future.
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