Cash Accounts Receivable Assignment | College Homework Help

Cash Accounts Receivable Supplies Equipment Debit $11,700 2,912 1,118 32,500 $48,230 Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings Credit $1,300 4,420 5,200 2,210 26,000 9,100 $48,230 During November, the following summary transactions were completed. Nov. 8 10 11 12 15 19 20 22 25 27 28 29 29 29 29 Paid $4,615 for salaries due employees, of which $2,405 is for November and $2,210 is for October. Received $2,470 cash from customers in payment of account. Purchased merchandise on account from Dimas Discount Supply for $10,400, terms 2/10, 1/30. Sold merchandise on account for $7,150, terms 2/10, 1/30. The cost of the merchandise sold was $5,200. Received credit from Dimas Discount Supply for merchandise returned $390. Received collections in full, less discounts, from customers billed on sales of $7,150 on November 12. Paid Dimas Discount Supply in full, less discount. Received $2,990 cash for services performed in November. Purchased equipment on account $6,500. Purchased supplies on account $2,210. Paid creditors $3,900 of accounts payable due. Paid November rent $487. Paid salaries $1,690. Performed services on account and billed customers $910 for those services. Received $878 from customers for services to be performed in the future. View History Bookmarks Window Help Return to Blackboard ID: 815-415-7927 Stop Share Kimmel, Financial Accounting, 9e Help System Announcements Post to the ledger accounts. (Post entries in the order of journal entries presented in t Cash 11,700 11/1 Bal. Accounts Receivable 2,912 11/1 Bal. Inventory 29

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