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can u check that if its correct or not On November 1, 2025, Kingbird Inc. had the following account balances. The company uses the perpetual

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can u check that if its correct or not

On November 1, 2025, Kingbird Inc. had the following account balances. The company uses the perpetual inventory method. During November, the following summary transactions were completed. Nov. 8 Paid $9,940 for salaries due employees, of which $5,180 is for November and $4,760 is for October. 10 Received $5,320 cash from customers in payment of account. 11 Purchased merchandise on account from Dimas Discount Supply for $22,400, terms 2/10, n/30. 12 Sold merchandise on account for $15,400, terms 2/10,n/30. The cost of the merchandise sold was $11,200. 15 Received credit from Dimas Discount Supply for merchandise returned $850. 19 Received collections in full, less discounts, from customers billed on sales of $15,400 on November 12. 20 Paid Dimas Discount Supply in full, less discount. 22 Received $6,440 cash for services performed in November. 25 Purchased equipment on account $14,000. 27 Purchased supplies on account $4,760. 28 Paid creditors $8,400 of accounts payable due. 29 Paid November rent $1,050. 29 Paid salaries $3,640. 29 Performed services on account and billed customers $1,960 for those services. 29 Received $1,890 from customers for services to be performed in the future. Adjustment data: 1. Supplies on hand are valued at $4,480. 2. Accrued salaries payable are $1,400. 3. Depreciation for the month is $700. 4. $1,820 of services related to the unearned service revenue has not been performed by month-end. Prepare a retained earnings statement for November

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