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 Liabilities Stockholde Acc. + Cash 11/1 Bal. 3.250 Accts. Rec. 3,080 + Supplies + 1.580 + Depr.- Equip 500 Equip 10,460 Accts. Pay. + 2,760 + Com Stock Unearn Serv, Rev. + 400 + Sal/Wages + Pay 790 + + 10.460 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 Received $3,800 cash for services performed in November 15 Purchased store equipment on account $3,670. 17 Purchased supplies on account $1,330. 20 Paid creditors $2.550 of accounts payable due 22 Pald November rent $480 25 Paid salaries $1,040 27 Performed services on account worth $980 and billed customers Received $830 from customers for services to be performed in the future. 29 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 Liabilities Stockholders'Equity sh + Accts. Rec. 3,080 . Depr. Equip 500 Supplies - Equip. 1.580 + 10.460. Accts. Pay. 2.760 + Unearn. Serv. Rev. 400 + Sal/Wages + Pay. 790 + Com Retained Stock + Earnings 10,460+ 3,460 50 + + + During November, the following summary transactions were completed Nov. 8 10 12 15 17 20 22 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. Pald salaries $1.040 Performed services on account worth $980 and billed customers. Received $830 from customers for services to be performed in the future 25 27 29 Adjustment data: 2. 3. 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. 4. Prepare a retained earnings statement for November 30. Flint Equipment Repair Retained Earnings Statement $ $ Save for Later Attempts: 0 of 1 used