Question

i want know this probelum

thank you so much :)

On December 1, 2020, the account balances of Blue Land, Inc. were as follows. HOMEWORK No. Credit Debit No. 101 Cash $10,300 $ 9,500 158 Accumulated Depreciation- Equipment Accounts Payable 12,800 22,300 201 112 Accounts Receivable 126 Supplies 157 Equipment 6,000 70,000 209 212 311 320 Unearned Service Revenue Salaries and Wages Payable Share Capital-Ordinary Retained Earnings 6,000 8,200 40,000 30,500 $107,800 $107,800 During December, the following summary transactions were completed. Dec 04 Purchased supplies on account $12,500 Dec 09 Received $33,500 cash for services performed in December. Dec 11 Paid $10,000 for salaries due employees, of which $4,800 is for September salaries. Dec 15 Purchased equipment on account $7,200 Dec 19 Received $12,750 cash from customers on account. Dec 22 Paid creditors on account $5,000. Dec 23 Paid December rent $5,550. Dec 25 Received $1,700 from customers for future service. Dec 28 Paid salaries $2,250. Dec 29 Performed services on account and billed customers for services provided $5,750. Adjustment data consist of: 1. Depreciation for the month is $3,000. 2. Accrued salaries payable $5,700. 3. Supplies on hand $1,700. 4. Unearned service revenue of $3,400 is recognized for services performed. Accounting Principle 1 (Management) Module | Odd Term 2020-2021 123

Answer 1