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 $26,100 6,496 2,494 72,500 $107,590 Accumulated Depreciation Equipment Accounts Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings Credit $2,900 9,860 11,600 4,930 58,000 20,300 $107,590 During November, the following summary transactions were completed. Nov. 8 10 11 12 15 19 20 22 25 Paid $10,295 for salaries due employees, of which $5,365 is for November and $4,930 is for October. Received $5,510 cash from customers in payment of account. Purchased merchandise on account from Dimas Discount Supply for $23,200, terms 2/10, n/30. Sold merchandise on account for $15,950, terms 2/10, n/30. The cost of the merchandise sold was $11,600. Received credit from Dimas Discount Supply for merchandise returned $870. Received collections in full, less discounts, from customers billed on sales of $15,950 on November 12. Paid Dimas Discount Supply in full, less discount. Received $6,670 cash for services performed in November. Purchased equipment on account $14,500. Purchased supplies on account $4,930. Paid creditors $8,700 of accounts payable due. Paid November rent $1,087. Paid salaries $3,770. Performed services on account and billed customers $2,030 for those services. Received $1,958 from customers for services to be performed in the future. 27 28 29 29 29 29 (b) Journalize the November transactions. (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. Round answers to 0 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 (To record November rent paid) (To record salaries paid) (To record services performed) (To record receipt for services to be performed)