On November 1, 2017, the following were the account balances of Soho Equipment Repair. Debit...
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Accounting
On November 1, 2017, the following were the account balances of Soho Equipment Repair. Debit Credit Cash $ 2,790 Accumulated DepreciationEquipment $ 500 Accounts Receivable 2,910 Accounts Payable 2,300 Supplies 1,120 Unearned Service Revenue 400 Equipment 10,000 Salaries and Wages Payable 620 Common Stock 10,000 Retained Earnings 3,000 $16,820 $16,820
During November, the following summary transactions were completed.
Nov. 8 Paid $1,220 for salaries due employees, of which $600 is for November and $620 is for October salaries payable.
10 Received $1,800 cash from customers in payment of account.
12 Received $3,700 cash for services performed in November.
15 Purchased store equipment on account $3,600.
17 Purchased supplies on account $1,300. 20 Paid creditors $2,500 of accounts payable due.
22 Paid November rent $480.
25 Paid salaries $1,000.
27 Performed services on account worth $900 and billed customers.
29 Received $750 from customers for services to be performed in the future.
part 1
Enter the November 1 balances in the ledger accounts.
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