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On November 1, 2015, the account balances of Schilling Equipment Repair were as follows. No. Debits No. Credits 101 Cash $ 2,404 154 Accumulated DepreciationEquipment

On November 1, 2015, the account balances of Schilling Equipment Repair were as follows.

No.

Debits

No.

Credits

101 Cash $ 2,404 154 Accumulated DepreciationEquipment $ 2,000
112 Accounts Receivable 4,261 201 Accounts Payable 2,607
126 Supplies 1,753 209 Unearned Service Revenue 1,182
153 Equipment 12,000 212 Salaries and Wages Payable 730
311 Common Stock 9,949
320 Retained Earnings 3,950
$20,418 $20,418

During November, the following summary transactions were completed.

Nov. 8 Paid $1,660 for salaries due employees, of which $730 is for October salaries.
10 Received $3,417 cash from customers on account.
12 Received $3,127 cash for services performed in November.
15 Purchased equipment on account $2,032.
17 Purchased supplies on account $707.
20 Paid creditors on account $2,735.
22 Paid November rent $417.
25 Paid salaries $1,660.
27 Performed services on account and billed customers for services provided $1,896.
29 Received $630 from customers for future service.

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Enter the November 1 balances in the ledger accounts Cash No. 101 Date Explanation Nov. 1 Accounts Receivable Ref Debit Credit Balance Balance No. 112 Ref Date Explanation Nov. 1 Supplies Debit Credit Balance Balance No. 126 Date Explanation Nov. 1 Equipment Ref Debit Credit Balance Balance No. 153 Ref Debit Credit Balance Date Explanation Nov. 1 Accumulated Depreciation-Equipment Balance No. 154 Debit Date Explanation Nov. 1 Accounts Payable Ref Credit Balance Balance No. 201 Date Explanation Ref Debit Credit Balance Nov. 1 Balance Unearned Service Revenue No. 209 Date Explanation Ref Debit Credit Balance

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