
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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please answer with all work like explanation , computation, formula with steps need correct and complete answer for better understanding please answer in text no AI no handwritten no image need accurate answer no copy from other answer show explain with reason and calculation clearly please no copy paste from other answer every entry should have narration

Transcribed Image Text:Nov.
8
10
11
12
15
19
20
22
25
27
28
29
29
29
29
Paid $2,130 for salaries due employees, of which $1,110 is for November and $1,020 is for October.
Received $1,140 cash from customers in payment of account.
Purchased merchandise on account from Dimas Discount Supply for $4,800, terms 2/10, n/30.
Sold merchandise on account for $3,300, terms 2/10, n/30. The cost of the merchandise sold was $2,400.
Received credit from Dimas Discount Supply for merchandise returned $200.
Received collections in full, less discounts, from customers billed on sales of $3,300 on November 12.
Paid Dimas Discount Supply in full, less discount.
Received $1,380 cash for services performed in November.
Purchased equipment on account $3,000.
Purchased supplies on account $1,020.
Paid creditors $1,800 of accounts payable due.
Paid November rent $225.
Paid salaries $780.
Performed services on account and billed customers $420 for those services.
Received $405 from customers for services to be performed in the future.
Journalism the november Transactions. Journal them in sections such as "to record credit sales", "to record cost of merchandise sold", "to record november
rent paid", "to record salaries paid", "to record services performed", "to record reciept for services to be perfomed"
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