Problem 4 7A (Part Level Submission) On November 1, 2017, the following were the account balances of Soho Equipment Repair Debit Credit Cash $ 3,120 Accumulated DepreciationEquipment $ 500 Accounts Receivable 3,010 Accounts Payable 2,630 Supplies 1,450 Unearned Service Revenue 400 Equipment 10,330 Salaries and Wages Payable 720 Common Stock 10,330 Retained Earnings 3,330 $17,910 $17,910 During November, the following summary transactions were completed Nov 8 Paid $1,220 for salaries due employees, of which $500 is for November and $720 is for October salaries payable 10 Received $1,860 cash from customers in payment of account 12 Received $3,750 cash for services performed in November 15 Purchased store equipment on account $3,660 17 Purchased supplies on account $1,410 20 Paid creditors $2,510 of accounts payable due 22 Paid November rent $500 25 Paid salaries $1,010 27 Performed services on account worth $950 and billed customers 29 Received $800 from customers for services to be performed in the future (a) Enter the November 1 balances in the ledger accounts Cash choose the end date of the accounting period 11 1 Bal 11 811 1011 1211 1511 1711 2011 2211 2511 2711 2911 3011 30 Bal enter a debit balance choose the end date of the accounting period 11 1 Bal 11 811 1011 1211 1511 1711 2011 2211 2511 2711 2911 3011 30 Bal enter a credit balance Accounts Receivable choose the end date of the accounting period 11 1 Bal 11 811 1011 1211 1511 1711 2011 2211 2511 2711 2911 3011 30 Bal enter a debit balance choose the end date of the accounting period 11 1 Bal 11 811 1011 1211 1511 1711 2011 2211 2511 2711 2911 3011 30 Bal enter a credit balance Supplies choose the end date of the accounting period 11 1 Bal 11 811 1011 1211 1511 1711 2011 2211 2511 2711 2911 3011 30 Bal enter a debit balance choose the end date of the accounting period 11 1 Bal 11 811 1011 1211 1511 1711 2011 2211 2511 2711 2911 3011 30 Bal enter a credit balance Equipment choose the end date of the accounting period 11 1 Bal 11 811 1011 1211 1511 1711 2011 2211 2511 2711 2911 3011 30 Bal enter a debit balance choose the end date of the accounting period 11 1 Bal 11 811 1011 1211 1511 1711 2011 2211 2511 2711 2911 3011 30 Bal enter a credit balance Accumulated DepreciationEquipment choose the end date of the accounting period 11 1 Bal 11 811 1011 1211 1511 1711 2011 2211 2511 2711 2911 3011 30 Bal enter a debit balance choose the end date of the accounting period 11 1 Bal 11 811 1011 1211 1511 1711 2011 2211 2511 2711 2911 3011 30 Bal enter a credit balance Accounts Payable choose the end date of the accounting period 11 1 Bal 11 811 1011 1211 1511 1711 2011 2211 2511 2711 2911 3011 30 Bal enter a debit balance choose the end date of the accounting period 11 1 Bal 11 811 1011 1211 1511 1711 2011 2211 2511 2711 2911 3011 30 Bal enter a credit balance Unearned Service Revenue choose the end date of the accounting period 11 1 Bal 11 811 1011 1211 1511 1711 2011 2211 2511 2711 2911 3011 30 Bal enter a debit balance choose the end date of the accounting period 11 1 Bal 11 811 1011 1211 1511 1711 2011 2211 2511 2711 2911 3011 30 Bal enter a credit balance Salaries and Wages Payable choose the end date of the accounting period 11 1 Bal 11 811 1011 1211 1511 1711 2011 2211 2511 2711 2911 3011 30 Bal enter a debit balance choose the end date of the accounting period 11 1 Bal 11 811 1011 1211 1511 1711 2011 2211 2511 2711 2911 3011 30 Bal enter a credit balance Common Stock choose the end date of the accounting period 11 1 Bal 11 811 1011 1211 1511 1711 2011 2211 2511 2711 2911 3011 30 Bal enter a debit balance choose the end date of the accounting period 11 1 Bal 11 811 1011 1211 1511 1711 2011 2211 2511 2711 2911 3011 30 Bal enter a credit balance Retained Earnings choose the end date of the accounting period 11 1 Bal 11 811 1011 1211 1511 1711 2011 2211 2511 2711 2911 3011 30 Bal enter a debit balance choose the end date of the accounting period 11 1 Bal 11 811 1011 1211 1511 1711 2011 2211 2511 2711 2911 3011 30 Bal enter a credit balance

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Problem 4-7A (Part Level Submission) On November 1, 2017, the following were the account balances of Soho Equipment Repair. Debit Credit Cash $ 3,120 Accumulated

Problem 4-7A (Part Level Submission)

On November 1, 2017, the following were the account balances of Soho Equipment Repair.

	Debit		Credit
Cash	$ 3,120	Accumulated DepreciationEquipment	$ 500
Accounts Receivable	3,010	Accounts Payable	2,630
Supplies	1,450	Unearned Service Revenue	400
Equipment	10,330	Salaries and Wages Payable	720
		Common Stock	10,330
		Retained Earnings	3,330
	$17,910		$17,910

During November, the following summary transactions were completed.

Nov. 8

Paid $1,220 for salaries due employees, of which $500 is for November and $720 is for October salaries payable.

Received $1,860 cash from customers in payment of account.

Received $3,750 cash for services performed in November.

Purchased store equipment on account $3,660.

Purchased supplies on account $1,410.

Paid creditors $2,510 of accounts payable due.

Paid November rent $500.

Paid salaries $1,010.

Performed services on account worth $950 and billed customers.

Received $800 from customers for services to be performed in the future.

(a)

Enter the November 1 balances in the ledger accounts.

Cash
choose the end date of the accounting period 11/1 Bal.11/811/1011/1211/1511/1711/2011/2211/2511/2711/2911/3011/30 Bal.	enter a debit balance	choose the end date of the accounting period 11/1 Bal.11/811/1011/1211/1511/1711/2011/2211/2511/2711/2911/3011/30 Bal.	enter a credit balance
Accounts Receivable
choose the end date of the accounting period 11/1 Bal.11/811/1011/1211/1511/1711/2011/2211/2511/2711/2911/3011/30 Bal.	enter a debit balance	choose the end date of the accounting period 11/1 Bal.11/811/1011/1211/1511/1711/2011/2211/2511/2711/2911/3011/30 Bal.	enter a credit balance
Supplies
choose the end date of the accounting period 11/1 Bal.11/811/1011/1211/1511/1711/2011/2211/2511/2711/2911/3011/30 Bal.	enter a debit balance	choose the end date of the accounting period 11/1 Bal.11/811/1011/1211/1511/1711/2011/2211/2511/2711/2911/3011/30 Bal.	enter a credit balance
Equipment
choose the end date of the accounting period 11/1 Bal.11/811/1011/1211/1511/1711/2011/2211/2511/2711/2911/3011/30 Bal.	enter a debit balance	choose the end date of the accounting period 11/1 Bal.11/811/1011/1211/1511/1711/2011/2211/2511/2711/2911/3011/30 Bal.	enter a credit balance
Accumulated DepreciationEquipment
choose the end date of the accounting period 11/1 Bal.11/811/1011/1211/1511/1711/2011/2211/2511/2711/2911/3011/30 Bal.	enter a debit balance	choose the end date of the accounting period 11/1 Bal.11/811/1011/1211/1511/1711/2011/2211/2511/2711/2911/3011/30 Bal.	enter a credit balance
Accounts Payable
choose the end date of the accounting period 11/1 Bal.11/811/1011/1211/1511/1711/2011/2211/2511/2711/2911/3011/30 Bal.	enter a debit balance	choose the end date of the accounting period 11/1 Bal.11/811/1011/1211/1511/1711/2011/2211/2511/2711/2911/3011/30 Bal.	enter a credit balance
Unearned Service Revenue
choose the end date of the accounting period 11/1 Bal.11/811/1011/1211/1511/1711/2011/2211/2511/2711/2911/3011/30 Bal.	enter a debit balance	choose the end date of the accounting period 11/1 Bal.11/811/1011/1211/1511/1711/2011/2211/2511/2711/2911/3011/30 Bal.	enter a credit balance
Salaries and Wages Payable
choose the end date of the accounting period 11/1 Bal.11/811/1011/1211/1511/1711/2011/2211/2511/2711/2911/3011/30 Bal.	enter a debit balance	choose the end date of the accounting period 11/1 Bal.11/811/1011/1211/1511/1711/2011/2211/2511/2711/2911/3011/30 Bal.	enter a credit balance
Common Stock
choose the end date of the accounting period 11/1 Bal.11/811/1011/1211/1511/1711/2011/2211/2511/2711/2911/3011/30 Bal.	enter a debit balance	choose the end date of the accounting period 11/1 Bal.11/811/1011/1211/1511/1711/2011/2211/2511/2711/2911/3011/30 Bal.	enter a credit balance
Retained Earnings
choose the end date of the accounting period 11/1 Bal.11/811/1011/1211/1511/1711/2011/2211/2511/2711/2911/3011/30 Bal.	enter a debit balance	choose the end date of the accounting period 11/1 Bal.11/811/1011/1211/1511/1711/2011/2211/2511/2711/2911/3011/30 Bal.	enter a credit balance