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On 1 November 2022, the following were the account balances of Naboo Equipment Ltd. Debits $ 3348 3012 1200 12 000 $19 560 Cash
On 1 November 2022, the following were the account balances of Naboo Equipment Ltd. Debits $ 3348 3012 1200 12 000 $19 560 Cash Accounts receivable Supplies Store equipment Accumulated depreciation Accounts payable Service revenue received in advance Salaries payable Share capital Retained earnings 22 Paid November rent $360. 25 Paid salaries $1200. Other data: 1. 2. 3. 4. Credits 600 2520 480 $ During November the following summary transactions were completed: Nov. 8 Paid $1320 for salaries due to employees, of which $720 was for November and $600 was for October. 10 Received $1440 cash from customers on account. 12 Received $1680 cash for services performed in November. 15 Purchased store equipment on account $3600. 17 Purchased supplies on account $1800. 20 Paid creditors on account $3000. 600 12 000 3360 $ 19 560 27 Performed services on account and invoiced customers for services provided $1080. 29 Received $660 from customers for future service. Supplies on hand are valued at $1920. Accrued salaries payable are $600. Depreciation for the month is $144. Services have been performed in relation to $360 recorded in service revenue received in advance.
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