On November 1,2022, the account balances of Schilling Equipment Repair were as follows. During November,...
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On November 1,2022, the account balances of Schilling Equipment Repair were as follows. During November, the following summary transactions were completed. Nov. 8 Paid $1,700 for salaries due employees, of which $700 is for October salaries. 10 Received $3,420 cash from customers on account. 12 Received $3,100 cash for services performed in November. 15 Purchased equipment on account $2,000. 17 Purchased supplies on account $700. 20 Paid creditors on account $2,700. 22 Paid November rent $400. 25 Paid salaries $1,700. 27 Performed services on account and billed customers $1,900 for these services. 29 Received $600 from customers for future service. Prepare an income statement for November 30. Schilling Equipment Repair Income Statement Prepare an retained earnings statement for November 30. Prepare a balance sheet at November 30. (List Assets in order of liquidity)) Schilling Equipment Repair Balance Sheet Assets 5 $
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