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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
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 153 212 722 Salaries and Wages Payable Common Stock 311 10,698 3,950 320 Retained Earnings $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 Adjustment data consist of: 1. Supplies on hand $1,400. 2. Accrued salaries payable $361. 3. Depreciation for the month is $216. 4. Services related to unearned service revenue of $1,300 were performed. Prepare an income statement for November 30. Whispering Winds Corp. Income Statement $
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