1. Nov. 1 Cash paid for rent for November $ 7,200 
2. Nov 3 Electrical equipment purchased $ 18,000 
3. Cash paid for electrical equipment (personal funds) $ 10,000 
4. Nov 5 Cash paid to purchase office supplies $ 1,800 
5. Nov 6 Cash received for electrical work completed $ 2,000 
6. Nov 8 Office equipment purchased on credit $ 5,200 
7. Nov 15 Electrical work completed on credit $ 6,000 
8. Nov 16 Salary for part-time technician, beginning work in three weeks $ 5,300 
9. Nov 18 Office supplies purchased on credit $ 1,000 
10. Nov 20 Cash paid for office equipment purchased November 8 (see Nov 8) 
11. Nov 24 Electrical work completed for a client; due in 30 days $ 4,800 
12. Nov 28 Cash received for work completed on November 15 $ 6,000 
13. Nov 30 Cash paid for assistant's salary $ 4,400 
14. Nov 30 Cash paid for monthly utility bill $ 3,600 
15. Nov 30 Cash withdrawn for personal use $ 1,400 
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17. Question- Make  balance sheet of it and Explain why revenue is not recorded on November 28.
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Answer rating: 100% (QA)

1 Calculations for the balance sheet Assets Electrical equipment net of 10000 personal funds Original cost of electrical equipment 18000 Personal fund... View the full answer