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On November 1, 2025, the following were the account balances of Sunland Equipment Repair. Debit Credit Cash $3,260 Accumulated Depreciation-Equipment $540 Accounts Receivable 3,150 Accounts Payable 2,730 Supplies 1,550 Unearned Service Revenue 400 Equipment 10,430 Salaries and Wages Payable 860 Common Stock 10,430 Retained Earnings 3,430 $18,390 $18,390 During November, the following summary transactions were completed. Nov. 8 Paid $1,220 for salaries due employees, of which $360 is for November and $860 is for October salaries payable. 10 Received $1,820 cash from customers in payment of account. 12 Received $3,770 cash for services performed in November. 15 Purchased store equipment on account $3,610. 17 Purchased supplies on account $1,320. 20 Paid creditors $2.530 of accounts payable due. 22 Paid November rent $460. 25 Paid salaries $1,050. 27 Performed services on account worth $960 and billed customers. 29 Received $760 from customers for services to be performed in the future. Journalize the November transactions. (List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually Record journal entries in the order presented in the problem.) Date Account Titles and Explanation > > > > Debit Credit

On November 1, 2025, the following were the account balances of Sunland Equipment Repair. Debit Credit Cash $3,260 Accumulated Depreciation-Equipment $540 Accounts Receivable 3,150 Accounts Payable 2,730 Supplies 1,550 Unearned Service Revenue 400 Equipment 10,430 Salaries and Wages Payable 860 Common Stock 10,430 Retained Earnings 3,430 $18,390 $18,390 During November, the following summary transactions were completed. Nov. 8 Paid $1,220 for salaries due employees, of which $360 is for November and $860 is for October salaries payable. 10 Received $1,820 cash from customers in payment of account. 12 Received $3,770 cash for services performed in November. 15 Purchased store equipment on account $3,610. 17 Purchased supplies on account $1,320. 20 Paid creditors $2.530 of accounts payable due. 22 Paid November rent $460. 25 Paid salaries $1,050. 27 Performed services on account worth $960 and billed customers. 29 Received $760 from customers for services to be performed in the future. Journalize the November transactions. (List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually Record journal entries in the order presented in the problem.) Date Account Titles and Explanation > > > > Debit Credit

FINANCIAL ACCOUNTING
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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On November 1, 2025, the following were the account balances of Sunland Equipment Repair. Debit Credit Cash $3,260 Accumulated Depreciation-Equipment $540 Accounts Receivable 3,150 Accounts Payable 2,730 Supplies 1,550 Unearned Service Revenue 400 Equipment 10,430 Salaries and Wages Payable 860 Common Stock 10,430 Retained Earnings 3,430 $18,390 $18,390 During November, the following summary transactions were completed. Nov. 8 Paid $1.220 for salaries due employees, of which $360 is for November and $860 is for October salaries payable. 10 Received $1,820 cash from customers in payment of account. 12 Received $3,770 cash for services performed in November. 15 Purchased store equipment on account $3,610. 17 Purchased supplies on account $1,320. 20 Paid creditors $2.530 of accounts payable due. 22 Paid November rent $460. 25 Paid salaries $1,050. 27 Performed services on account worth $960 and billed customers. 29 Received $760 from customers for services to be performed in the future. Journalize the November transactions. (Ust all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit eTextbook and Media List of Accounts Save for Later Attempts: 0 of 2 used Submit Answer
Transcribed Image Text:On November 1, 2025, the following were the account balances of Sunland Equipment Repair. Debit Credit Cash $3,260 Accumulated Depreciation-Equipment $540 Accounts Receivable 3,150 Accounts Payable 2,730 Supplies 1,550 Unearned Service Revenue 400 Equipment 10,430 Salaries and Wages Payable 860 Common Stock 10,430 Retained Earnings 3,430 $18,390 $18,390 During November, the following summary transactions were completed. Nov. 8 Paid $1.220 for salaries due employees, of which $360 is for November and $860 is for October salaries payable. 10 Received $1,820 cash from customers in payment of account. 12 Received $3,770 cash for services performed in November. 15 Purchased store equipment on account $3,610. 17 Purchased supplies on account $1,320. 20 Paid creditors $2.530 of accounts payable due. 22 Paid November rent $460. 25 Paid salaries $1,050. 27 Performed services on account worth $960 and billed customers. 29 Received $760 from customers for services to be performed in the future. Journalize the November transactions. (Ust all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit eTextbook and Media List of Accounts Save for Later Attempts: 0 of 2 used Submit Answer
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