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*Problem 4-7A (Part Level Submission)
On November 1, 2017, the following were the account balances of Soho Equipment Repair.
Cash $ 3,540 Accumulated Depreciation—Equipment $ 500
Accounts Receivable 3,010 Accounts Payable 3,050
Supplies 1,870 Unearned Service Revenue 400
Equipment 10,750 Salaries and Wages Payable 720
Common Stock 10,750
Retained Earnings 3,750
During November, the following summary transactions were completed.
Paid $1,220 for salaries due employees, of which $500 is for November and $720 is for
October salaries payable.
10 Received $1,880 cash from customers in payment of account.
12 Received $3,810 cash for services performed in November.
15 Purchased store equipment on account $3,750.
17 Purchased supplies on account $1,370.
20 Paid creditors $2,570 of accounts payable due.
22 Paid November rent $510.
25 Paid salaries $1,080.
27 Performed services on account worth $990 and billed customers.
29 Received $850 from customers for services to be performed in the future.
Enter the November 1 balances in the ledger accounts.