Flint Equipment Repair began operating in September 2017. It prepares financial statements at the end of each month. On November 1, 2017, a tabular summary includes the following information. Note that Flint began the month with $3,460 in Retained Earnings. This balance represents the results of its first two months of business. Assets Stockholde Accts. Accts. Cash Rec. 11/1 Bal 3,250 + 3.080 + Liabilities Unearn. Serv. Rev. 400 + + Acc Depr.- Equip. 500 Supplies + Equip 1.580 + 10.460 Pay. + Sal./Wages + Pay 790+ Com Stock + 2,760 + 10,460 During November, the following summary transactions were completed. Nov 8 10 12 15 17 Paid $1,220 for salaries due employees, of which $430 is for November and $790 is for October salaries payable, Received $1,840 cash from customers in payment of account, Received $3,800 cash for services performed in November Purchased store equipment on account $3,670. Purchased supplies on account $1,330. Paid creditors $2.550 of accounts payable due Paid November rent $480. Paid salaries $1,040. Performed services on account worth $980 and billed customers. Received 5830 from customers for services to be performed in the future 20 22 25 27 29 Question Def 7 .../24 View Policies Current Attempt in Progress Flint Equipment Repair began operating in September 2017. It prepares financial statements at the end of each month. On November 1, 2017, a tabular summary includes the following information. Note that Flint began the month with $3.460 in Retained Earnings. This balance represents the results of its first two months of business, Assets Stockholders'Equity Accts. . Depr.- Equip 500 Liabilities Unearn Serv. Rev. + 400 + + Accts Rec. + Supplies - Equip 3,080 + 1,580 + 10,460 sh 50 + Pay. 2.760 + Sal./Wages + Com Pay Stock 790 + 10,460 Retained + Earnings 3,460 + During November, the following summary transactions were completed Nov. 8 Paid $1.220 for salaries due employees, of which $430 is for November and $790 is for October salaries payable. 10 Received $1.840 cash from customers in payment of account 12 Recelved $3,800 cash for services performed in November 15 Purchased store equipment on account $3,670. 17 Purchased supplies on account $1330. 20 Paid creditors $2,550 of accounts payable due 22 Paid November rent $ 480, 25 Pald salaries $1.040. 27 Performed services on account worth $980 and billed customers 29 Received $830 from customers for services to be performed in the future Adjustment data: 1. 2. Supplies on hand are valued at $1,220. Accrued salaries payable are $520. Depreciation for the month is $280. Services were performed to satisfy $550 of unearned service revenue. 3. 4. Prepare a retained earnings statement for November 30. Flint Equipment Repair Retained Earnings Statement $ V