On November 1, 2025, the following were the account balances of Sunland Equipment Repair. Cash Accounts Receivable Supplies Equipment Nov. 8 10 12 15 During November, the following summary transactions were completed. 17 20 22 25 27 Debit 29 $3,420 Accumulated Depreciation-Equipment 3,100 Accounts Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings 1,750 10,630 $18,900 Credit $500 2,930 Paid creditors $2,560 of accounts payable due. Paid November rent $540. Paid salaries $1,030. Performed services on account worth $990 and billed customers. Received $780 from customers for services to be performed in the future. 400 810 10,630 3,630 $18,900 Paid $1,220 for salaries due employees, of which $410 is for November and $810 is for October salaries payable. Received $1,910 cash from customers in payment of account. Received $3,790 cash for services performed in November. Purchased store equipment on account $3.970. Purchased supplies on account $1,350.
On November 1, 2025, the following were the account balances of Sunland Equipment Repair. Cash Accounts Receivable Supplies Equipment Nov. 8 10 12 15 During November, the following summary transactions were completed. 17 20 22 25 27 Debit 29 $3,420 Accumulated Depreciation-Equipment 3,100 Accounts Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings 1,750 10,630 $18,900 Credit $500 2,930 Paid creditors $2,560 of accounts payable due. Paid November rent $540. Paid salaries $1,030. Performed services on account worth $990 and billed customers. Received $780 from customers for services to be performed in the future. 400 810 10,630 3,630 $18,900 Paid $1,220 for salaries due employees, of which $410 is for November and $810 is for October salaries payable. Received $1,910 cash from customers in payment of account. Received $3,790 cash for services performed in November. Purchased store equipment on account $3.970. Purchased supplies on account $1,350.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question

Transcribed Image Text:On November 1, 2025, the following were the account balances of Sunland Equipment Repair.
Cash
Accounts Receivable
Supplies
Equipment
Nov. 8
(a)
(b)
(c)
10
12
15
17
20
During November, the following summary transactions were completed.
22
25
27
29
Debit
$3,420
3,100
1,750
11/1 Bal.
10,630
$18,900
Accumulated Depreciation-Equipment
Accounts Payable
Unearned Service Revenue
Salaries and Wages Payable
Common Stock
Retained Earnings
Paid November rent $540.
Paid salaries $1,030.
Performed services on account worth $990 and billed customers.
Received $780 from customers for services to be performed in the future.
Credit
Cash
$500
3,420
2,930
400
810
Paid $1,220 for salaries due employees, of which $410 is for November and $810 is for October salaries payable.
Received $1,910 cash from customers in payment of account.
Received $3,790 cash for services performed in November.
Purchased store equipment on account $3,970.
Purchased supplies on account $1,350.
Paid creditors $2,560 of accounts payable due.
10,630
3,630
$18,900
Post above journal entries to the ledger accounts. (Post entries in the order of journal entries passed in the previous question. If the
balance is zero (0), select date from drop down and enter O for the amounts on the normal balance side of the account)
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