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 3,360 1,290 37,500 $55,650 Accumulated Depreciation Equipment Accounts Payable Unearned Service Revenue Salaries and Wages Payable 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 10 11 12 15 19 Re 20 22 25 Paid $5,325 for salaries due employees, of which $2,775 is for November and $2,550 is for October. Received $2,850 cash from customers in payment of account. Purchased merchandise on account from Dimas Discount Supply for $12,000, terms 2/10, n/30. Sold merchandise on account for $8,250, terms 2/10, n/30. The cost of the merchandise sold was $6,000. Received credit from Dimas Discount Supply for merchandise returned $450. Received collections in full, less discounts, from customers billed on sales of $8,250 on November 12. Paid Dimas Discount Supply in full, less discount. Received $3,450 cash for services performed in November. Purchased equipment on account $7,500. Purchased supplies on account $2,550. Paid creditors $4,500 of accounts payable due. Paid November rent $562. Paid salaries $1,950. Performed services on account and billed customers $1,050 for those services. Received $1,013 from customers for services to be performed in the future. 27 28 29 29 29 PC 29 Prepare a classified balance sheet at November 30. (List Current Assets in order of liquidity.) TEAL MOUNTAIN Balance Sheet Assets Liabilities and Stockholders' Equity