Prepare the adjusting el P3.5 (LO 2, 3, 4) On November 1, 2020, the account balances of Beck Equipment Repair were as follows. Debit No. Credit No. £ 2,400 Accumulated Depreciation-Equipment Accounts Payable 101 Cash 154 £2,000 112 Accounts Receivable 4,250 201 2,600 1,800 209 Unearned Service Revenue 1,200 126 Supplies Equipment Salaries and Wages Payable Share Capital-Ordinary Retained Earnings 153 12,000 212 700 311 11,000 320 2,950 £20,450 £20,450
Prepare the adjusting el P3.5 (LO 2, 3, 4) On November 1, 2020, the account balances of Beck Equipment Repair were as follows. Debit No. Credit No. £ 2,400 Accumulated Depreciation-Equipment Accounts Payable 101 Cash 154 £2,000 112 Accounts Receivable 4,250 201 2,600 1,800 209 Unearned Service Revenue 1,200 126 Supplies Equipment Salaries and Wages Payable Share Capital-Ordinary Retained Earnings 153 12,000 212 700 311 11,000 320 2,950 £20,450 £20,450
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
What is the solution of question P3. 5(part b)?

Transcribed Image Text:Prepare the adjusting el
P3.5 (LO 2, 3, 4) On November 1, 2020, the account balances of Beck Equipment Repair were as
follows.
Debit
No.
Credit
No.
£ 2,400
Accumulated Depreciation-Equipment
Accounts Payable
101
Cash
154
£2,000
112
Accounts Receivable
4,250
201
2,600
1,800
209
Unearned Service Revenue
1,200
126 Supplies
Equipment
Salaries and Wages Payable
Share Capital-Ordinary
Retained Earnings
153
12,000
212
700
311
11,000
320
2,950
£20,450
£20,450
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