On November 1, 2022, the account balances of Splish Brothers Inc. were as follows.No.101112 Accounts Receivable126 Supplies153 EquipmentNov. 810121517202225Cash27Debits2914,880eTextbook and MediaList of AccountsCredits154 Accumulated Depreciation-Equipment.$ 2,9765,2702,232 209$25,358No.201During November, the following summary transactions were completed.212311320Accounts PayableUnearned Service RevenueSalaries and Wages PayableCommon StockRetained EarningsPaid $2,108 for salaries due employees, of which $868 is for October salaries.Received $4,232 cash from customers on account.Received $3,844 cash for services performed in November.Purchased equipment on account $2,480.Purchased supplies on account $868.Paid creditors on account $3,348.Paid November rent $496.Paid salaries $2,108.Performed services on account and billed customers $2,356 for these services.Received $744 from customers for future service.Splish Brothers Inc.Balance SheetAssetsLiabilities and Stockholders' Equity$ 2,4803,2241,48886812,4004,898$25,358

Name: On November 1, 2022, the account balances of Splish Brothers Inc. wer
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Description: On November 1, 2022, the account balances of Splish Brothers Inc. were as follows.No.101112 Accounts Receivable126 Supplies153 EquipmentNov. 810121517202225Cash27Debits2914,880eTextbook and MediaList of AccountsCredits154 Accumulated Depreciation-Eq

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On November 1, 2022, the account balances of Splish Brothers Inc. were as follows. No. 101 112 126 Supplies 153 Debits Cash Accounts Receivable Equipment No. Credits $2,976 154 Accumulated Depreciation-Equipment 5,270 201 Accounts Payable 2,232 209 Unearned Service Revenue 14,880 212 Salaries and Wages Payable 311 Common Stock 320 Retained Earnings $25,358 During November, the following summary transactions were completed. $2,480 3,224 1,488 868 12,400 4,898 $25,358

On November 1, 2022, the account balances of Splish Brothers Inc. were as follows. No. 101 112 126 Supplies 153 Debits Cash Accounts Receivable Equipment No. Credits $2,976 154 Accumulated Depreciation-Equipment 5,270 201 Accounts Payable 2,232 209 Unearned Service Revenue 14,880 212 Salaries and Wages Payable 311 Common Stock 320 Retained Earnings $25,358 During November, the following summary transactions were completed. $2,480 3,224 1,488 868 12,400 4,898 $25,358

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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