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. Cash No. 101 Date Debit Credit Balance Explanation Nov. 1 Balance Ref 2,380 Nov. 8 J1 1,650 730 Nov. 10 J1 4,180 3,450 3,110 Nov. 12 J1 7,290 Nov. 20 J1 2,710 4,580 4,140 Nov. 22 J1 440 Nov. 25 J1 1,650 2,490 3,120 Nov. 29 J1 630 Accounts Receivable No. 112 Date Ref Debit Credit Balance Explanation Nov. 1 Balance 4,260 Nov. 10 J1 3,450 810 Nov. 27 J1 1,950 2,760 Supplies No. 126 Date Ref Debit Credit Balance Explanation Nov. 1 Balance 1,800 2,450 Nov. 17 J1 650 v Adjusting J1 Equipment No. 153 Date Ref Debit Credit Balance Explanation Nov. 1 Balance 12,960 14,950 Nov. 15 J1 1,990 No. 154 Accumulated Depreciation Equipment Date Explanation Ref Nov. 1 Balance Debit Credit Balance 2,160 Adjusting J1 Accounts Payable No. 201 Date Explanation Ref Debit Credit Balance Nov. 1 Balance 2,620 Nov. 15 J1 1,990 4,610 Nov. 17 J1 650 5,260 Nov. 20 J1 2,710 2,550 Unearned Service Revenue No. 209 Date Explanation Ref Debit Credit Balance Nov. 1 Balance 1,250 1,880 Nov. 29 J1 630 v Adjusting J1 No. 212 Salaries and Wages Payable Date Explanation Ref Debit Credit Balance Nov. 1 Balance 722 Nov. 8 J1 722 0 Adjusting J1 Common Stock No. 311 Date Explanation Ref Debit Credit Balance Nov. 1 Balance 10,698 No. 320 Retained Earnings Date Explanation Nov. 1 Balance Ref Debit Credit Balance 3,950 Service Revenue No. 407 Date Explanation Ref Debit Credit Balance Nov. 12 J1 3,110 3,110 5,060 Nov. 27 J1 1,950 Adjusting J1 No. 615 Depreciation Expense Date Explanation Ref Debit Credit Balance Adjusting J1 Supplies Expense No. 631 Date Explanation Ref Debit Credit Balance v Adjusting J1 No. 726 Salaries and Wages Expense Date Explanation Ref Debit Credit Balance Nov. 8 J1 928 928 Nov. 25 J1 1,650 2,578 v Adjusting J1 Rent Expense No. 729 Date Explanation Ref Debit Credit Balance Nov. 22 J1 440 440
