On November 1, 2025, the following were the account balances of Cullumber Equipment Repair. Debit Credit Cash $3,330 Accumulated Depreciation-Equipment $500 Accounts Receivable 3,060 Accounts Payable 2,840 Supplies 1,660 Unearned Service Revenue 400 Equipment 10,540 Salaries and Wages Payable 770 Common Stock 10,540 Retained Earnings 3,540 $18,590 $18,590 During November, the following summary transactions were completed. Nov. 8 Paid $1,220 for salaries due employees, of which $450 is for November and $770 is for October salaries payable. 10 Received $1,860 cash from customers in payment of account. 12 Received $3,750 cash for services performed in November.
On November 1, 2025, the following were the account balances of Cullumber Equipment Repair. Debit Credit Cash $3,330 Accumulated Depreciation-Equipment $500 Accounts Receivable 3,060 Accounts Payable 2,840 Supplies 1,660 Unearned Service Revenue 400 Equipment 10,540 Salaries and Wages Payable 770 Common Stock 10,540 Retained Earnings 3,540 $18,590 $18,590 During November, the following summary transactions were completed. Nov. 8 Paid $1,220 for salaries due employees, of which $450 is for November and $770 is for October salaries payable. 10 Received $1,860 cash from customers in payment of account. 12 Received $3,750 cash for services performed in November.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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answer must be in table format or i will give down vote
Transcribed Image Text:On November 1, 2025, the following were the account balances of Cullumber Equipment Repair.
Debit
Credit
Cash
$3,330
Accumulated Depreciation-Equipment
$500
Accounts Receivable
3,060
Accounts Payable
2,840
Supplies
1,660
Unearned Service Revenue
400
Equipment
10,540
Salaries and Wages Payable
770
Common Stock
10,540
Retained Earnings
3,540
$18,590
$18,590
During November, the following summary transactions were completed.
Nov. 8 Paid $1,220 for salaries due employees, of which $450 is for November and $770 is for October salaries payable.
10
Received $1,860 cash from customers in payment of account.
12
Received $3,750 cash for services performed in November.
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