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Problem 3-05A a-g (Part Level Submission) On November 1, 2020, the account balances of Hamm...

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Accounting

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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