On November 1, 2020, the account balances of Cullumber Equipment Repair were as follows. No. Debits No. Credits 101 Cash $ 2,450 154 Accumulated Depreciation-Equipment $ 2,090 112 Accounts Receivable 4,220 201 Accounts Payable 2,570 126 Supplies 1,780 209 Unearned Service Revenue 1,160 153 Equipment 12,540 212 Salaries and Wages Payable 734 301 Owner's Capital 14,436 $20,990 $20,990 During November, the following summary transactions were completed. Nov. 8 Paid $1,700 for salaries due employees, of which $734 is for October salaries. 10 Received $3,420 cash from customers on account. 12 Received $3,050 cash for services performed in November. 15 Purchased equipment on account $2,030. 17 Purchased supplies on account $700. 20 Paid creditors on account $2,660. 22 Paid November rent $370. 25 Paid salaries $1,700. 27 Performed services on account and billed customers for these services $1,950. 29 Received $640 from customers for future service.
On November 1, 2020, the account balances of Cullumber Equipment Repair were as follows. No. Debits No. Credits 101 Cash $ 2,450 154 Accumulated Depreciation-Equipment $ 2,090 112 Accounts Receivable 4,220 201 Accounts Payable 2,570 126 Supplies 1,780 209 Unearned Service Revenue 1,160 153 Equipment 12,540 212 Salaries and Wages Payable 734 301 Owner's Capital 14,436 $20,990 $20,990 During November, the following summary transactions were completed. Nov. 8 Paid $1,700 for salaries due employees, of which $734 is for October salaries. 10 Received $3,420 cash from customers on account. 12 Received $3,050 cash for services performed in November. 15 Purchased equipment on account $2,030. 17 Purchased supplies on account $700. 20 Paid creditors on account $2,660. 22 Paid November rent $370. 25 Paid salaries $1,700. 27 Performed services on account and billed customers for these services $1,950. 29 Received $640 from customers for future service.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Journalize the November transactions.
![On November 1, 2020, the account balances of Cullumber Equipment Repair were as follows.
No.
Debits
No.
Credits
101 Cash
$ 2,450 154 Accumulated Depreciation-Equipment
$ 2,090
112 Accounts Receivable
4,220 201 Accounts Payable
2,570
126 Supplies
1,780 209 Unearned Service Revenue
1,160
153 Equipment
12,540 212 Salaries and Wages Payable
734
301 Owner's Capital
14,436
$20,990
$20,990
During November, the following summary transactions were completed.
Nov. 8 Paid $1,700 for salaries due employees, of which $734 is for October salaries.
10 Received $3,420 cash from customers on account.
12 Received $3,050 cash for services performed in November.
15 Purchased equipment on account $2,030.
17 Purchased supplies on account $700.
20 Paid creditors on account $2,660.
22 Paid November rent $370.
25 Paid salaries $1,700.
27 Performed services on account and billed customers for these services $1,950.
29 Received $640 from customers for future service.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F65722d23-1fb9-46aa-86af-7a74c75cdddb%2F27ab9b10-cf16-452d-8afe-f9bc1eca28f9%2Ful84p18.png&w=3840&q=75)
Transcribed Image Text:On November 1, 2020, the account balances of Cullumber Equipment Repair were as follows.
No.
Debits
No.
Credits
101 Cash
$ 2,450 154 Accumulated Depreciation-Equipment
$ 2,090
112 Accounts Receivable
4,220 201 Accounts Payable
2,570
126 Supplies
1,780 209 Unearned Service Revenue
1,160
153 Equipment
12,540 212 Salaries and Wages Payable
734
301 Owner's Capital
14,436
$20,990
$20,990
During November, the following summary transactions were completed.
Nov. 8 Paid $1,700 for salaries due employees, of which $734 is for October salaries.
10 Received $3,420 cash from customers on account.
12 Received $3,050 cash for services performed in November.
15 Purchased equipment on account $2,030.
17 Purchased supplies on account $700.
20 Paid creditors on account $2,660.
22 Paid November rent $370.
25 Paid salaries $1,700.
27 Performed services on account and billed customers for these services $1,950.
29 Received $640 from customers for future service.
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