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Problem 3-05A a-g (Part Level Submission)
On November 1, 2020, the account balances of Hamm Equipment Repair were as follows.
| No. | | Debits | | No. | | Credits |
| 101 | | Cash | | $ 2,400 | | 154 | | Accumulated DepreciationEquipment | | $ 2,000 |
| 112 | | Accounts Receivable | | 4,250 | | 201 | | Accounts Payable | | 2,600 |
| 126 | | Supplies | | 1,800 | | 209 | | Unearned Service Revenue | | 1,200 |
| 153 | | Equipment | | 12,000 | | 212 | | Salaries and Wages Payable | | 700 |
| | | | | | | 301 | | Owners Capital | | 13,950 |
| | | | | $20,450 | | | | | | $20,450 |
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 $3,620 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 for these services $2,200. |
| 29 | | Received $600 from customers for future service. |
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