Question
On November 1, 2022, the account balances of Wildhorse Equipment Repair were as follows. No. Debit No. Credit 101 Cash $2,410 154 Accumulated Depreciation-Equipment
On November 1, 2022, the account balances of Wildhorse Equipment Repair were as follows. No. Debit No. Credit 101 Cash $2,410 154 Accumulated Depreciation-Equipment $1,860 112 Accounts Receivable 4,200 201 Accounts Payable 2,560 126 Supplies 153 Equipment 1,790 209 11,160, 212 Unearned Service Revenue 1,250 Salaries and Wages Payable 650 301 Owner's Capital 13,240 $19,560 $19,560 During November, the following summary transactions were completed. Nov. 8 Paid $1,670 for salaries due employees, of which $650 is for October salaries. 10 Received $3,400 cash from customers on account. 220 55 12 Received $3,150 cash for services performed in November. 15 17 20 17 22222 25 Purchased equipment on account $1,980. Purchased supplies on account $670. Paid creditors on account $2.730. Paid November rent $410. Paid salaries $1.670. 27 Performed services on account and billed customers $1,950 for these services. 29 Received $650 from customers for future service.
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