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On November 1, 2022, the account balances of Sheridan Company were as follows. No. Debits No. Credits 101 Cash $2,160 154 Accumulated Depreciation-Equipment $1,800
On November 1, 2022, the account balances of Sheridan Company were as follows. No. Debits No. Credits 101 Cash $2,160 154 Accumulated Depreciation-Equipment $1,800 112 Accounts Receivable 3,825 201 Accounts Payable 2,340 126 Supplies 1,620 209 Unearned Service Revenue 1,080 153 Equipment 10,800 212 Salaries and Wages Payable 630 311 Common Stock 9,000 320 Retained Earnings 3.555 $18,405 $18,405 During November, the following summary transactions were completed. Nov. 8 Paid $1,530 for salaries due employees, of which $630 is for October salaries 10 Received $3,076 cash from customers on account. 12 Received $2,790 cash for services performed in November 15 Purchased equipment on account $1,800. 17 Purchased supplies on account $630.
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