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Question 6 of 6 View Policies Current Attempt in Progress On November 1, 2022, the account balances of Sunland Company were as follows. No.
Question 6 of 6 View Policies Current Attempt in Progress On November 1, 2022, the account balances of Sunland Company were as follows. No. Debits No. Credits 101 Cash $2,448 154 Accumulated Depreciation-Equipment $2,040 112 Accounts Receivable 4.335 201 Accounts Payable 2.652 126 Supplies 1,836 209 Unearned Service Revenue 1.224 153 Equipment 12.240 212 Salaries and Wages Payable 714 311 Common Stock 10.200 320 Retained Earnings 4,029 $20,859 $20,859 During November, the following summary transactions were completed. Nov 8 Paid $1.734 for salaries due employees, of which $714 is for October salaries 10 Received $3,484 cash from customers on account. 12 Received $3,162 cash for services performed in November 15 Purchased equipment on account $2.040 -/60 E Question 6 of 6 15 Purchased equipment on account $2,040. 17 Purchased supplies on account $714. 20 Paid creditors on account $2.754. 22 Paid November rent $408. 25 Paid salaries $1,734. 27 29 Performed services on account and billed customers $1.938 for these services. Received $612 from customers for future service. (a) Enter the November 1 balances in the ledger accounts. -/60 E Cash No. 101 Date Explanation Ref Debit Credit Balance Nov.1 Balance Accounts Receivable No. 112 Date Explanation Ref Debit Credit Balance Question 6 of 6 (b) 3/60 E Journalize the November transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem) Date Account Titles and Explanation Nov. 8 Debit Credit
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