On November 1, 2017, the following were the account balances of Soho Equipment Repair. Debit Credit
Cash $ 3,090 Accumulated Depreciation Equipment $ 500 Accounts Receivable 3,010 Accounts Payable 2,600 Supplies1,420 Unearned Service Revenue 400 Equipment 10,300 Salaries and Wages Payable 720 Common Stock 10,300 Retained Earnings 3,300 $17,820 $17,820
During November, the following summary transactions were completed. Nov. 8 Paid $1,220 for salaries due employees, of which $500 is for November and $720 is for October salaries payable. 10 Received $1,810 cash from customers in payment of account. 12 Received $3,710 cash for services performed in November. 15 Purchased store equipment on account $3,510.
17 Purchased supplies on account $1,310.
20 Paid creditors $2,510 of accounts payable due. 22 Paid November rent $450.
25 Paid salaries $1,010.
27 Performed services on account worth $900 and billed customers. 29 Received $750 from customers for services to be performed in the future.