The account balances of schilling equipment repair were as

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Reference no: EM13987493

On November 1, 2015, the account balances of Schilling Equipment Repair were as follows.

No.

 

Debits

 

No.

 

Credits

101

 

Cash

 

$ 2,389

 

154

 

Accumulated Depreciation -Equipment

 

$ 2,080

112

 

Accounts Receivable

 

4,237

 

201

 

Accounts Payable

 

2,614

126

 

Supplies

 

1,824

 

209

 

Unearned Service Revenue

 

1,176

153

 

Equipment

 

12,480

 

212

 

Salaries and Wages Payable

 

670

 

 

 

 

 

 

311

 

Common Stock

 

10,440

 

 

 

 

 

 

320

 

Retained Earnings

 

3,950

 

 

 

 

$20,930

 

 

 

 

 

$20,930

During November, the following summary transactions were completed.

Nov. 8

 

Paid $1,690 for salaries due employees, of which $670 is for October salaries.

10

 

Received $3,416 cash from customers on account.

12

 

Received $3,133 cash for services performed in November.

15

 

Purchased equipment on account $1,972.

17

 

Purchased supplies on account $677.

20

 

Paid creditors on account $2,668.

22

 

Paid November rent $406.

25

 

Paid salaries $1,690.

27

 

Performed services on account and billed customers for services provided $1,857.

29

 

Received $606 from customers for future service.

Journalize the November transactions. (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.) 

Reference no: EM13987493

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