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Problem 3-5A (Part Level Submission) On November 1, 2019, the account balances of Schilling Equipment Repair were as follows. No. Debits No. Credits 101 Cash
Problem 3-5A (Part Level Submission) On November 1, 2019, the account balances of Schilling Equipment Repair were as follows. No. Debits No. Credits 101 Cash 154 Accumulated Depreciation-Equipment Accounts Payable 112 Accounts Receivable 201 $ 2,400 4,250 1,800 12,000 $ 2,000 2,600 1,200 126 209 Unearned Service Revenue Supplies Equipment 153 212 Salaries and Wages Payable 700 311 Common Stock 320 Retained Earnings 10,000 3,950 $20,450 $20,450 During November, the following summary transactions were completed. Nov. 8 10 12 15 17 Paid $1,700 for salaries due employees, of which $700 is for October salaries. Received $3,420 cash from customers on account. Received $3,100 cash for services performed in November. Purchased equipment on account $2,000. Purchased supplies on account $700. Paid creditors on account $2,700. Paid November rent $400. Paid salaries $1,700. Performed services on account and billed customers $1,900 for these services. Received $600 from customers for future service. 20 22 25 27 29 (e1) Adjustment data consist of: 1. Supplies on hand $1,400. 2. Accrued salaries payable $350. 3. Depreciation for the month is $200. 4. Services related to unearned service revenue of $1,250 were performed. Journalize the adjusting entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 1. 2.
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