During November The Following Summary Transactions Were Completed Nov 8 Paid 1 394 For Salaries Due Employees Of Wh 1 (90.53 KiB) Viewed 34 times
During November, the following summary transactions were completed. Nov. 8 Paid $1,394 for salaries due employees, of which $574 is for October salaries. 10 Received $2,804 cash from customers on account. 12 Received $2,542 cash for services performed in November. 15 Purchased equipment on account $1,640. 17 Purchased supplies on account $574. 20 Paid creditors on account $2,214. 22 Paid November rent $328. 25 Paid salaries $1,394. 27 Performed services on account and billed customers $1,558 for these services. 29 Received $492 from customers for future service.
On November 1, 2022, the account balances of Swifty Corporation were as follows. No. Debits No. Credits 101 Cash $ 1,968 154 Accumulated Depreciation-Equipment $ 1,640 112 Accounts Receivable 3,485 201 Accounts Payable 2,132 126 Supplies 1,476 209 Unearned Service Revenue 984 153 Equipment 9,840 212 Salaries and Wages Payable 574 311 Common Stock 8,200 320 Retained Earnings 3,239 $16,769 $16,769 During November, the following summary transactions were completed.
Adjustment data consist of: 1. Supplies on hand $1,148. 2. Accrued salaries payable $287. 3. Depreciation for the month is $164. 4. Services related to unearned service revenue of $1,025 were performed. Journalize the adjusting entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) No. Date Account Titles and Explanation Debit Credit 1. 2. . . . 3. 4.
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