Question: On October 31, 2018, Alou Equipment Repair Corp.'s opening trial balance was as follows. The company adjusts its accounts monthly. Cash Accounts receivable Supplies

On October 31, 2018, Alou Equipment Repair Corp.'s opening trial balance wasas follows. The company adjusts its accounts monthly. Cash Accounts receivable SuppliesEquipment Accumulated depreciation Accounts payable Salaries payable Unearned revenue Common shares Retainedearnings Debit $ 16,370 15,840 4,000 18,000 equipment Credit $3,600 4,650 1,000980 10,780 33,200 $54,210 $54,210 During November, the following transactions were completedNov. g 13 13 19 20 21 23 23 27 28 30Paid $2,210 to employees for salaries due, of which $1,000 is forOctober salaries payable and $1,210 for November. Issued common shares for $4,220.Received $12,450 cash from customers in payment of accounts. Received $11,400 cashfor services performed in November. Purchased supplies on account, $600. Paid creditors$4,650 of accounts payable due. Paid November rent, $600. Paid salaries, $2,390.Performed serv'ices on account, $3,830. Declared and paid a cash dividend, $500.Received $1,120 from customers for services to be performed in the future.image text in transcribedimage text in transcribedimage text in transcribed

On October 31, 2018, Alou Equipment Repair Corp.'s opening trial balance was as follows. The company adjusts its accounts monthly. Cash Accounts receivable Supplies Equipment Accumulated depreciation Accounts payable Salaries payable Unearned revenue Common shares Retained earnings Debit $ 16,370 15,840 4,000 18,000 equipment Credit $3,600 4,650 1,000 980 10,780 33,200 $54,210 $54,210 During November, the following transactions were completed Nov. g 13 13 19 20 21 23 23 27 28 30 Paid $2,210 to employees for salaries due, of which $1,000 is for October salaries payable and $1,210 for November. Issued common shares for $4,220. Received $12,450 cash from customers in payment of accounts. Received $11,400 cash for services performed in November. Purchased supplies on account, $600. Paid creditors $4,650 of accounts payable due. Paid November rent, $600. Paid salaries, $2,390. Performed serv'ices on account, $3,830. Declared and paid a cash dividend, $500. Received $1,120 from customers for services to be performed in the future.

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