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No narrations needed. Q1 On November 1, 2020, the account balances of Pine Equipment Repair were as follows: Cash Accounts Receivable Supplies Equipment Debits $
No narrations needed.
Q1 On November 1, 2020, the account balances of Pine Equipment Repair were as follows: Cash Accounts Receivable Supplies Equipment Debits $ 2,790 2,510 2,000 10,000 Accumulated Depreciation Accounts Payable Unearned Service Revenue Salaries and Wages Payable Owner's Capital Credits $ 500 2,100 1,400 500 12,800 17,300 17,300 In addition to the accounts listed above, the chart of accounts includes these accounts: Service Revenue, Depreciation Expense, Supplies Expense, Salaries and Wages Expense, and Rent Expense. During November, the following transactions were completed: Date Transactions Nov. 8 Paid $1,100 for salaries due employees, of which $600 is for November salaries. 10 Received $1,200 cash from customers on account. 12 Received $1,400 cash for services performed in November. 15 Purchased equipment on account $3,000. 17 Purchased supplies on account $500. 20 Paid creditors on account $2,500. 22 Paid November rent $300. 25 Paid salaries $1,300. 27 Performed services on account and billed customers for services provided $900. 29 Received $550 from customers for future service. In addition, adjustments for the month ended 30 November 2020 are as follows: i) Supplies on hand $1,000. ii) Accrued salaries payable $500. iii) Depreciation for the month is $100. iv) Unearned service revenue of $1,150 is earned. Required: a) Journalise the November transactions. Narrations are requiredStep by Step Solution
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