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On November 1, 2022, the account balances of Monty Corp. were as follows. No. 101 112 126 153 Debits Cash Accounts Receivable Supplies Equipment $3,120

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On November 1, 2022, the account balances of Monty Corp. were as follows. No. 101 112 126 153 Debits Cash Accounts Receivable Supplies Equipment $3,120 5,525 2,340 15,600 No. 154 201 209 212 311 320 Credits Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings $ 2,600 3,380 1,560 910 13,000 5,135 $26,585 $26,585 During November, the following summary transactions were completed. Nov. 8 Paid $2.210 for salaries due employees, of which $910 is for October salaries. 10 Received $4.436 cash from customers on account. 12 Received $4.030 cash for services performed in November 15 Purchased equipment on account $2,600. 17 Purchased supplies on account $910. 20 Paid creditors on account $3,510. 22 Paid November rent $520. 25 Paid salaries $2.210. 27 Performed services on account and billed customers $2.470 for these services 29 Received $780 from customers for future service. No. 101 Balance Credit No. 112 Balance Credit No. 126 Balance Credit Enter the November 1 balances in the ledger accounts. Cash Date Explanation Ref Debit Nov. 1 Balance Accounts Receivable Date Explanation Ref Debit Nov. 1 Balance Supplies Date Explanation Ref Debit Nov. 1 Balance Equipment Date Explanation Ref Debit Nov. 1 Balance Accumulated Depreciation- Equipment Date Explanation Ref Debit Nov. 1 Balance Accounts Payable Date Explanation Ref Debit Credit No. 153 Balance Credit No. 154 Credit Balance No. 201 Balance Credit Nov. 1 Balance Ref Debit Credit No. 209 Balance Ref No. 212 Balance Debit Credit Unearned Service Revenue Date Explanation Nov. 1 Balance Salaries and Wages Payable Date Explanation Nov. 1 Balance Common Stock Date Explanation Nov. 1 Balance Retained Earnings Date Explanation Nov. 1 Balance Ref No. 311 Balance Debit Credit No. 320 Balance Ref Debit Credit

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