Problem 3-5A On November 1, 2017, the account balances of Hamm Equipment Repair

Question

Problem 3-5A On November 1, 2017, the account balances of Hamm Equipment Repair were as follows. Debits No 101 Cash 112 Accounts Receivable 126 Supplies 153 Equipment No. Credits $2,360 154 Accumulated Depreciation-Equipment $1,810 4,270 201 Accounts Payable 1,780 209 Uneaned Service Revenue 10,860 212 Salaries and Wages Payable 2,580 1,190 722 12,968 $19,270 301 Owner's Capital $19,270 During November, the following summary transactions were completed. Nov. 8 Paid $1,680 for salaries due employees, of which $722 is for October salaries. 10 Received $3,470 cash from customers on account. 12 Received $3,150 cash for services performed in November. 15 Purchased equipment on account $1,980 17 Purchased supplies on account $720. 20 Paid creditors on account $2,670. 22 Paid November rent $390. 25 Paid salaries $1,680. 27 Performed services on account and billed customers for these services $1,870. 29 Received $610 from customers for future service. 22000-2018 John Wiley &Sons;, Ins, All Rights Reserved. A Division of

Explanation / Answer

Per Chegg guidelines, 4 sub-parts have been answered.

Cash Date Explanation Ref Debit Credit Balance Nov. 1 Balance ? 2360 Accounts Receivable Date Explanation Ref Debit Credit Balance Nov. 1 Balance ? 4270 Supplies Date Explanation Ref Debit Credit Balance Nov. 1 Balance ? 1780 Equipment Date Explanation Ref Debit Credit Balance Nov. 1 Balance ? 10860 Accumulated Depreciation-Equipment Date Explanation Ref Debit Credit Balance Nov. 1 Balance ? 1810 Accounts Payable Date Explanation Ref Debit Credit Balance Nov. 1 Balance ? 2580 Unearned Service Revenue Date Explanation Ref Debit Credit Balance Nov. 1 Balance ? 1190 Salaries and Wages Payable Date Explanation Ref Debit Credit Balance Nov. 1 Balance ? 722 Owner's Capital Date Explanation Ref Debit Credit Balance Nov. 1 Balance ? 12968

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