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Group Project _2,3 - Group Project#2 3 This will count for...

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Group Project #2 & 3 You can either find time together to meet or use electronic media, such as e-mail, blog, etc. to discuss. On November 1, 2009, the following were the account balances of Shaw Repair and Service. Debits Credits Cash $2,790 Accumulated Depreciation $500 Accounts Receivable 2,910 Accounts Payable 2,300 T-Accounts Supplies 1,120 Unearned Service Revenue 400 Store Equipment 10,000 Salaries Payable 620 Common Stock 10,000 Retained Earnings 3,000 $16,820 $16,820 During November the following summary transactions were completed. November 8 10 Received $1,200 cash from customers in payment of account. 12 Received $1,700 cash for services performed in November. 15 Purchased store equipment on account $3,000. 17 Purchased supplies on account $1,300. 20 Paid creditors $2,500 of accounts payable due. 22 Paid November rent $450. 25 Paid salaries $1,000. 27 Performed services on account and billed customers for services provided $900. 29 Received $550 from customers for services to be provided in the future.
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