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Ser up a T - account for accounts payable During Novem ber, the following transactions were completiod: Nov, 9 Paks $ 2 , 5 3

Ser up a T-account for accounts payable
During Novem ber, the following transactions were completiod:
Nov, 9 Paks $2,530 to em ployees for salarled due, of which $1.150 is for October salaries payable and $1.380 for Novem ber.
13 Issued commonshares for $5,750.
13 Received $14.260 cash from customers in payment of accounts
19 Received $13.110 cash for services per for med in Novem ber.
20 Purchased supplies on account, $690.
21 Paid creditors $5,290 of accounts payable due.
23 Paid Nowember rent, $690.
23 Paid salariss, $2,760.
27 Performed services on account, $4,370.
28 Declared and paid a cash dividend, $580.
30 Peceived $1,270 from custom ers for services to be per form ed in the fut ure
On October 31,2024, Lily Equipment Repair Corp's Opening trial balance was as follows. The company adjuats its accounts monthy.

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