Current Attempt in Progress On November 1, 2025, Teal Mountain Inc. had the following account balances. The company uses the perpetual inventory method. During November, the following summary transactions were completed. During November, the following summary transactions were completed. Nov. 8 Paid $5,325 for salaries due employees, of which $2,775 is for November and $2,550 is for October. 10 Received $2,850 cash from customers in payment of account. 11 Purchased merchandise on account from Dimas Discount Supply for $12,000, terms 2/10, n/30. 12 Sold merchandise on account for $8,250, terms 2/10,n/30. The cost of the merchandise sold was $6,000. 15 Received credit from Dimas Discount Supply for merchandise returned $450. 19 Received collections in full, less discounts, from customers billed on sales of $8,250 on November 12. 20 Paid Dimas Discount Supply in full, less discount. 22 Received $3,450 cash for services performed in November. 25 Purchased equipment on account $7,500. 27 Purchased supplies on account $2,550. 28 Paid creditors $4,500 of accounts payable due. 29 Paid November rent $562. 29 Paid salaries $1,950. 29 Performed services on account and billed customers $1,050 for those services. Accounts Receivable 11/1 Bal. 3,360 Accounts Receivable 11/1 Bal. 3,360 Inventory Accounts Payable 11/1 Bal. 5,100 Unearned Service Revenue 11/1 Bal. 6,000 Salaries and Wages Payable 11/1 Bal. 2,550 Supplies 11/1 Bal. 1,290 Equipment 11/1 Bal. 37,500 Accumulated Depreciation-Equipment 11/1 Bal. 1,500 Common Stock \begin{tabular}{|r|l|lr} \hline & 11/1 Bal. & \\ \hline0,000 \\ \hline & & \\ \hline & & \\ \hline \end{tabular} Retained Earnings 11/1 Bal. 10,500 Service Revenue Salaries and Wages Expense Rent Expense Sales Revenue Cost of Goods Sold Sales Discounts