Solution-The account balances of schilling equipment repair

The account balances of schilling equipment repair were as

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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The account balances of schilling equipment repair were as

Reference no: EM13987493

Reference no: EM13987493

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