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On October 31, 2021, Concord Equipment Repair Corp's opening trial balance was as follows. The company adjusts its accounts monthly. During November, the following transactions
On October 31, 2021, Concord Equipment Repair Corp's opening trial balance was as follows. The company adjusts its accounts monthly. During November, the following transactions were completed: Nov. 9 Paid $2,200 to employees for salaries due, of which $1,000 is for October salaries payable and $1,200 for November, 13 Issued common shares for $5,000. 13 Recelved $12,260 cash from customers in payment of accounts. 19 Recetved $11,400 cash for services performed in November. 20 Purchased supplies on account, $600. 21 Pald creditors $4,370 of accounts payable due. 23 Pald November rent, $600. 23 Paid salaries, $2,400. 27 Perfarmed services on account, $3,800. 28 Deciared and paid a cash dividend, 5500. 30 Received $1,020 from customers for services to be performed in the future. Date Account Titles and Explanation Nov, 9 5alariet Poratit Sutaeies Esperve Credit Salaries Lustrise 13Cosh Comman Suces 13 Canh 15680 Accoums Rectivable 15690 19 Cant 11400 Service Mevenut 20 Supplies Acrounts Pwatle 21 Accountspayatle. 23 Ment Expense (To record rent paid) 23 Sylaries Expeme (To record salaries pald) 27 Accounta Rexeivate Servae Revinue 25 Oridends Dedared 30 Eal! 1010 Deieririt dicwitue
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