CALCULATOR PRINTER VERSION 4 BACK NEXT ES Comprehensive Accounting Cycle Review 5-02 (Part Level Submission) On November 1, 2022, Marin had the following account balances. The company uses the perpetual inventory method. ct ell Cash Credit $700 2,380 Accounts Receivable Supplies Equipment Debit $6,300 Accumulated Depreciation-Equipment 1,568 Accounts Payable 602 Unearned Service Revenue 17,500 Salaries and Wages Payable $25,970 Common Stock dy 2,800 1,190 14,000 4,900 Retained Earnings $25,970 During November, the following summary transactions were completed. Nov. 8 10 11 12 15 19 Paid $2,485 for salaries due employees, of which $1,295 is for November and $1,190 is for October. Received $1,330 cash from customers in payment of account. Purchased merchandise on account from Dimas Discount Supply for $5,600, terms 2/10, n/30. Sold merchandise on account for $3,850, terms 2/10, n/30. The cost of the merchandise sold was $2,800. Received credit from Dimas Discount Supply for merchandise returned $210. Received collections in full, less discounts, from customers billed on sales of $3,850 on November 12. Paid Dimas Discount Supply in full, less discount. Received $1,610 cash for services performed in November. Purchased equipment on account $3,500. Purchased supplies on account $1,190. Paid creditors $2,100 of accounts payable due. Paid November rent $262. 20 22 25 27 28 29 11 12 15 19 20 22 25 Purchased merchandise on account from Dimas Discount Supply for $5,600, terms 2/10, n/30. Sold merchandise on account for $3,850, terms 2/10, n/30. The cost of the merchandise sold was $2,800. Received credit from Dimas Discount Supply for merchandise returned $210. Received collections in full, less discounts, from customers billed on sales of $3,850 on November 12. Paid Dimas Discount Supply in full, less discount. Received $1,610 cash for services performed in November. Purchased equipment on account $3,500. Purchased supplies on account $1,190. Paid creditors $2,100 of accounts payable due. Paid November rent $262. Paid salaries $910. Performed services on account and billed customers $490 for those services. Received $473 from customers for services to be performed in the future. 27 28 29 29 29 29 (a) nter the November 1 balances in ledger T-accounts. Cash Accounts Receivable