Minimizing Penalty in industrial Power Power factor - Wikipedia inbox (1,262) - kneill1@missouri Kimmel, Financial Accounting, 8e Problem 4-7A On November 1, 2017, the following were the account balances of Soho Equipment Repair Cash Accounts Receivable Supplies Equipment Debit $3,250 3,080 1,580 10,460 Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings Credit $ 500 2,760 400 790 10,460 3,460 $18,370 $18,370 During November, the following summary transactions were completed. Nov. 8 10 12 15 17 20 22 25 27 29 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 $830 from customers for services to be performed in the future. Enter the November 1 balances in the ledger accounts. 11/1 Bal. 11/1 Bal. 11/1 Bal Cash 3250 Accounts Receivable 3080 C Supplies 1580 Equipment 10460 Accumulated Depreciation Equipment 11/1 Bal Accounts Payable 11/1 11/1 Bal 500 2760 OURCES Post above journal entries to the ledger accounts. (Post entries in the order of journal Cash 11/1 Bal. 3,250 3080 y Study 1580 10460 11/30 Bal. 18370 18370 11/30 Bal. Accounts Receivable 3,080 11/1 Bal. Supplies 11/1 Bal. 1,580 Equipment 10,460 11/1 Bal. 500 Accumulated Depreciation - Equipment 11/1 Bal. Accounts Payable 11/1 Bal. 2,760 Unearned Service Revenue PLUS Kimmel, Financial Accounting, 8e ESOURCES Unearned Service Revenue 11/1 Bal. 400 s by Study Salaries and Wages Payable 11/1 Bal. 790 Common Stock 11/1 Bal. 10,460 Retained Earnings 11/1 Bal. 3,460 Service Revenue Salaries and Wages Expense SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT