Problem 4-7A (Part Level Submission) On November 1, 2017, the following were the account balances...
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Problem 4-7A (Part Level Submission) On November 1, 2017, the following were the account balances of Soho Equipment Repair. Debit Credit Cash $ 3,400 Accumulated depreciation Equipment $ 500 Accounts Receivable 3,070 Accounts Payable 2,910 Supplies 1,730 Unearned Service Revenue 400 Equipment 10,610 Salaries and Wages Payable 780 Common Stock 10,610 Retained Earnings 3,610 $18,810 $18,810 During November, the following summary transactions were completed. Nov. 8 Paid $1,220 for salaries due employees, of which $440 is for November and $780 is for October salaries payable. 10 Received $1,840 cash from customers in payment of account. 12 Received $3,780 cash for services performed in November. 15 Purchased store equipment on account $3,950 . 17 Purchased supplies on account $1,400. 20 Paid creditors $2,540 of accounts payable due. 22 Paid November rent $530. 25 Paid salaries $1,040. 27 Performed services on account worth $950 and billed customers. 29 Received $800 from customers for services to be performed in the future
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