On November 1, 2027, the account balances of Sandhill Equipment Repair were as follows. Cash Date...

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On November 1, 2027, the account balances of Sandhill Equipment Repair were as follows. Cash Date Explanation Ref. Debit Credit Nov. 1 Balance No. Debits No. Credits 101 Cash $2,880 154 Accumulated Depreciation-Equipment J1 112 Accounts Receivable 5,100 201 Accounts Payable J1 126 Supplies 2,160 209 Unearned Service Revenue J1 153 Equipment 14,400 212 Salaries and Wages Payable 311 Common Stock J1 320 Retained Earnings J1 $24,540 During November, the following summary transactions were completed. J1 J1 Accounts Receivable Date Explanation Ref. Debit Credit Nov. 8 Paid $2,040 for salaries due employees, of which $840 is f Nov. 1 Balance v 10 Received $4,096 cash from customers on account. J1 12 Received $3,720 cash for services performed in Novembe J1 15 Purchased equipment on account $2,400. 17 Purchased supplies on account $840. 20 Paid creditors on account $3,240. 22 Paid November rent $480. Supplies Date Explanation Ref. Debit Credit Nov. 1 Balance v J1 25 Paid salaries $2,040. Equipment 27 Performed services on account and billed customers $2,2 Date Explanation Ref. Debit Credit Nov. 1 Balance v 29 Received $720 from customers for future service. (a) Your answer is correct. Enter the November 1 balances in the ledger accounts. SANDHILL EQUIPMENT REPAIR Income Statement eTextbook and Media List of Accounts x Your answer is incorrect. Accumulated Depreciation-Equipment J1 Date Explanation Ref. Debit Credit Nov. 1 Balance Accounts Payable Date Explanation Ref. Debit Credit SANDHILL EQUIPMENT REPAIR Balance Sheet Assets Prepare a retained earnings statement for November 30. SANDHILL EQUIPMENT REPAIR Retained Earnings Statement Liabilities and Stockholders' Equity eTextbook and Media List of Accounts * Your answer is incorrect. $ Prepare a classified balance sheet at November 30. (List current assets in order of liquidity.) SANDHILL EQUIPMENT REPAIR Balance Sheet $ S On November 1, 2027, the account balances of Sandhill Equipment Repair were as follows. Cash Date Explanation Ref. Debit Credit Nov. 1 Balance No. Debits No. Credits 101 Cash $2,880 154 Accumulated Depreciation-Equipment J1 112 Accounts Receivable 5,100 201 Accounts Payable J1 126 Supplies 2,160 209 Unearned Service Revenue J1 153 Equipment 14,400 212 Salaries and Wages Payable 311 Common Stock J1 320 Retained Earnings J1 $24,540 During November, the following summary transactions were completed. J1 J1 Accounts Receivable Date Explanation Ref. Debit Credit Nov. 8 Paid $2,040 for salaries due employees, of which $840 is f Nov. 1 Balance v 10 Received $4,096 cash from customers on account. J1 12 Received $3,720 cash for services performed in Novembe J1 15 Purchased equipment on account $2,400. 17 Purchased supplies on account $840. 20 Paid creditors on account $3,240. 22 Paid November rent $480. Supplies Date Explanation Ref. Debit Credit Nov. 1 Balance v J1 25 Paid salaries $2,040. Equipment 27 Performed services on account and billed customers $2,2 Date Explanation Ref. Debit Credit Nov. 1 Balance v 29 Received $720 from customers for future service. (a) Your answer is correct. Enter the November 1 balances in the ledger accounts. SANDHILL EQUIPMENT REPAIR Income Statement eTextbook and Media List of Accounts x Your answer is incorrect. Accumulated Depreciation-Equipment J1 Date Explanation Ref. Debit Credit Nov. 1 Balance Accounts Payable Date Explanation Ref. Debit Credit SANDHILL EQUIPMENT REPAIR Balance Sheet Assets Prepare a retained earnings statement for November 30. SANDHILL EQUIPMENT REPAIR Retained Earnings Statement Liabilities and Stockholders' Equity eTextbook and Media List of Accounts * Your answer is incorrect. $ Prepare a classified balance sheet at November 30. (List current assets in order of liquidity.) SANDHILL EQUIPMENT REPAIR Balance Sheet $ S