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Please complete the box. Problem 3-5A (Part Level Submission) On November 1, 2019, the account balances of Whispering Winds Corp. were as follows. No. Debits
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Problem 3-5A (Part Level Submission) On November 1, 2019, the account balances of Whispering Winds Corp. were as follows. No. Debits No. Credits 101 Cash 154 Accumulated Depreciation Equipment Accounts Payable 112 Accounts Receivable 201 $ 2,380 4,260 1,800 12,960 $ 2,160 2,620 1,250 126 209 Unearned Service Revenue Supplies Equipment 153 212 Salaries and Wages Payable 722 311 Common Stock 320 Retained Earnings 10,698 3,950 $21,400 $21,400 During November, the following summary transactions were completed. Nov. 8 10 12 15 17 Paid $1,650 for salaries due employees, of which $722 is for October salaries. Received $3,450 cash from customers on account. Received $3,110 cash for services performed in November. Purchased equipment on account $1,990. Purchased supplies on account $650. Paid creditors on account $2,710. Paid November rent $440. Paid salaries $1,650. Performed services on account and billed customers $1,950 for these services. Received $630 from customers for future service. 20 22 25 27 29 (a2) Your answer is partially correct. Try again. Post the entries to the revenue and expense accounts, and complete the closing process for these accounts using the three-column form of account. Service Revenue Date Explanation Ref. Debit Credit Balance 7/31 Balance 16,600 7/31 Closing entry 16,600 0 Salaries and Wages Expense Date Explanation Ref. Debit Credit Balance 7/31 Balance 7500 7/31 Closing entry 7500 Maintenance and Repairs Expense Date Explanation Ref. Debit Credit Balance X 7/31 Balance 2200 7/31 Closing entry 2200Step by Step Solution
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