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On November 1, 2025, the following were the account balances of Sandhill Equipment Repair. Debit Credit Cash $3,620 Accumulated Depreciation-Equipment $580 Accounts Receivable 3,010
On November 1, 2025, the following were the account balances of Sandhill Equipment Repair. Debit Credit Cash $3,620 Accumulated Depreciation-Equipment $580 Accounts Receivable 3,010 Accounts Payable 3,050 Supplies 1,870 Unearned Service Revenue 400 Equipment 10,750 Salaries and Wages Payable 720 Common Stock 10,750 Retained Earnings 3,750 $19,250 $19,250 During November, the following summary transactions were completed. Nov. 8 Paid $1,220 for salaries due employees, of which $500 is for November and $720 is for October salaries payable. 10 Received $1,880 cash from customers in payment of account. 12 Received $3,810 cash for services performed in November. 15 Purchased store equipment on account $3,750. 17 Purchased supplies on account $1,370. 20 20 Paid creditors $2,570 of accounts payable due. 25 2222 27 Paid November rent $510. Paid salaries $1,080. Performed services on account worth $990 and billed customers. 29 Received $850 from customers for services to be performed in the future.
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