Comprehensive Accounting Cycle Review 5-02 (Part Level Submission) On November 1, 2022, Teal Mountain had the following account balances. The company uses the perpetual inventory method. Cash Accounts Receivable Supplies Equipment Debit $13,500 Accumulated Depreciation Equipment 3,360 Accounts Payable 1,290 Unearned Service Revenue 37,500 Salaries and Wages Payable $55,650 Common Stock Retained Earnings Credit $1,500 5,100 6,000 2,550 30,000 10,500 $55,650 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, 1/30. 12 Sold merchandise on account for $8,250, terms 2/10, 1/30. 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 Pald creditors $4,500 of accounts payable due. 29 Pald November rent $562. 29 Pald salaries $1,950. 29 Performed services on account and billed customers $1,050 for those services, 29 Recelved $1,013 from customers for services to be performed in the future. S Help System Announcements Inancial Accounting, 9e (b) Journalize the November transactions. (Credit account titles are automatically indented when the amo to o decimal places, e.g. 5,275. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Nov. 8 (To record credit sale) (To record cost of merchandise sold) Nov. 19 s 3 > > >