Comprehensive Accounting Cycle Review 5-02 (Part Level Submission) On November 1, 2022, Larkspur had the following account balances. The company uses the perpetual inventory method. Cash Accounts Receivable Supplies Equipment Debit $16,200 Accumulated Depreciation Equipment 4,032 Accounts Payable 1,548 Unearned Service Revenue 45,000 Salaries and Wages Payable $66,780 Common Stock Retained Earnings Credit $1,800 6,120 7,200 3,060 36,000 12,600 $66,780 During November, the following summary transactions were completed. Nov. 8 Paid $6,390 for salaries due employees, of which $3,330 is for November and $3,060 is for October. 10 Received $3,420 cash from customers in payment of account. 11 Purchased merchandise on account from Dimas Discount Supply for $14,400, terms 2/10, n/30. 12 Sold merchandise on account for $9,900, terms 2/10, n/30. The cost of the merchandise sold was $7,200. 15 Received credit from Dimas Discount Supply for merchandise returned $540. 19 Received collections in full, less discounts, from customers billed on sales of $9,900 on November 12. 20 Paid Dimas Discount Supply in full, less discount. 22 Received $4,140 cash for services performed in November. 25 Purchased equipment on account $9,000. 27 Purchased supplies on account $3,060. 28 Paid creditors $5,400 of accounts payable due. 29 Paid November rent $675. 29 Paid salaries $2,340. 29 Performed services on account and billed customers $1,260 for those services. 29 Received $1,215 from customers for services to be performed in the future. Your answer is partially correct. Try again. Adjustment data: 1. 2. Supplies on hand are valued at $2,880. Accrued salaries payable are $900. Depreciation for the month is $450. $1,170 of services related to the unearned service revenue has not been performed by month-end. 3. 4. Journalize the adjusting entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) No. Date Account Titles and Explanation Debit Credit 1. Nov. 30 Supplies Expense 1728 Supplies 1728 2. Nov. 30 Salaries and Wages Expense 900 Salaries and Wages Payable 900 3. Nov. 30 Depreciation Expense 450 Accumulated Depreciation-Equipr 450 X 4. Nov. 30 Unearned Service Revenue 1170 Service Revenue 1170 Post the above adjusting entries. (Post entries the order of journal entries presented above.) Post the above adjusting entries. (Post entries in the order of journal entries presented above.) 11/1 Bal. 11/10 11/19 11/22 11/29 11/30 Bal. 6,390 13,583 5,400 675 2,340 Cash 16,200 11/8 3,420 11/20 9,702 11/28 4,140 11/29 1,215 11/29 6,289 Accounts Receivable 4,032 11/10 9,900 11/19 1,260 1,872 Inventory 14,400 11/12 11/15 11/20 6,383 Supplies 11/1 Bal. 11/12 11/29 11/30 Bal. 3,420 9,900 11/11 7,200 540 277 11/30 Bal. 11/1 Bal. 1,548|| 11/30 17281 11/27 3,060 11/30 Bal. 2880 a Equipment 11/1 Bal. 45,000 11/25 9,000 11/30 Bal. 54,000 Accumulated Depreciation-Equipment 11/1 Bal. 1,800 11/30 450 11/30 Bal. 4 2250 11/15 11/20 11/28 Accounts Payable 540 11/1 Bal. 13,860 11/11 5,400 11/25 11/27 6,120 14,400 9,000 3,060 12,780 11/30 Bal. Unearned Service Revenue 11/30 1170 11/1 Bal. 7,200 11/29 1,215 X 11/30 Bal. 7245 Salaries and Wages Payable 3,060 11/1 Bal. 11/8 3,060 11/30 900 11/30 Bal. 900 Common Stock 11/1 Bal. 11/30 Bal. Retained Earnings 36,000 36,000 11/1 Bal. 12,600 Service Revenue 11/22 4,140 11/29 1,260 x 11/30 1170 Depreciation Expense 11/30 450 Supplies Expense 11/30 1728 Salaries and Wages Expense 11/8 3,330 11/29 2,340 11/30 900 Rent Expense 11/29 675 Sales Revenue 11/12 9,900 Cost of Goods Sold 11/12 7,200 Sales Discounts 11/19 198