Question: Please help me with the final statements: Use the following information to demonstrate your understanding of the accounting cycle. Consider all of the steps in

Please help me with the final statements:

Please help me with the final statements: Use the following information to

demonstrate your understanding of the accounting cycle. Consider all of the steps

Use the following information to demonstrate your understanding of the accounting cycle. Consider all of the steps in the cycle and provide all entries/forms/reports/statements in the cycle. On November 1, 2022, IKonk, Inc. had the following account balances. The company uses the perpetual inventory method. Debit Credit Cash Accumulated Depreciation- 9,000 Equipment 1,000 Accounts 2,240 Receivable Supplies 860 Accounts Payable 3,400 Equipment 25,000 Unearned Service Revenue 4,000 $37.100 Salaries and Wages Payable 1,700 Common Stock 20,000 Retained Earnings 7,000 $37.100 During November, the following summary transactions were completed. Nov. Paid $3,550 for salaries due employees, of which $1,850 is for November and 8 $1,700 is for October. Received $1,900 cash from customers in payment of account. Purchased merchandise on account from Dimas Discount Supply for $8,000, terms 2010, n/30. - 12 Sold merchandise on aceount-for $5,500, terms 2/10, n/30. The cost of the merchandise sold was $4,000. Received credit from Dimas Discount Supply for merchandise returned $300. ng Received collections in full, less discounts, from customers billed on sales of $5,500 on November 12. 20/ Paid Dimas Discount Supply in full, less discount. Received $2,300 cash for services performed in November. - 251 Purchased equipment on account $5,000. _27/ Purchased supplies on account $1,700. 2280 Paid creditors $3,000 of accounts payable due. 29 Paid November rent $375. - 29/ Paid salaries $1,300. | 29 . Performed services on account and billed customers $700 for those services. V290 Received $675 from customers for services to be performed in the future. M5v 22/ Adjustment data: . . Supplies on hand are valued at $1,600. . 2. Accrued salaries payable are $500. V . 3. Depreciation for the month is $250.V 4. $650 of services related to the unearned service revenue has not been performed by month-end. v

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