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Question 1 On November 1, 2017, the following were the account balances of Scho Equipment Repair. Debit Credit Cash $ 3,090 Accumulated Depreciation-Equipment $ 500
Question 1 On November 1, 2017, the following were the account balances of Scho Equipment Repair. Debit Credit Cash $ 3,090 Accumulated Depreciation-Equipment $ 500 Accounts Receivable 3,010 Accounts Payable 2,600 Supplies 1,420 Unearned Service Revenue 400 Equipment 10,300 Salaries and Wages Payable 720 Common Stock 10,300 Retained Earnings 3,300 $17,820 $17,820 8 During November, the following summary transactions were completed. Nov. Paid $1,220 for salaries due employees, of which $500 is for November and $720 is for October salaries payable. 10 Received $1,810 cash from customers in payment of account. 12 Received $3,710 cash for services performed in November 15 Purchased store equipment on account $3,510. 17 Purchased supplies on account $1,310. 20 Paid creditors $2,510 of accounts payable due. 22 Paid November rent $450. 25 Paid salaries $1,010. 27 Performed services on account worth $900 and billed customers. 29 Received $750 from customers for services to be performed in the future. Enter the November 1 balances in the ledger accounts. le Post above journal entries to the ledger accounts. (Post entries in the order of journal entries previous question.) Cash 11/1 Bal. 3,090 I Accounts Receivable 11/1 Bal. 3,010 Supplies 1,420 11/1 Bal. Equipment CESOURCES cle Equipment 10,300 11/1 Bal. Accumulated Depreciation - Equipment 11/1 Bal. 500 Accounts Payable 11/1 Bal. 2,600 I Unearned Service Revenue 11/1 Bal. 400 Salaries and Wages Payable 11/1 Bal. 720 CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION ENT RESOURCES ng Cycle Common Stock 11/1 Bal. 10,300 core Retained Earnings 11/1 Bal. 3,300 Service Revenue Salaries and Wages Expense Rent Expense
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