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Comprehensive Accounting Cycle Review 5-02 (Part Level Submission) On November 1, 2022, Marin had the following account balances. The company uses the perpetual inventory method.

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Comprehensive Accounting Cycle Review 5-02 (Part Level Submission) On November 1, 2022, Marin had the following account balances. The company uses the perpetual inventory method. Cash Accounts Receivable Supplies Equipment Debit $17,100 Accumulated Depreciation-Equipment 4,256 Accounts Payable 1,634 Unearned Service Revenue 47,500 Salaries and Wages Payable $70,490 Common Stock Retained Earnings Credit $1,900 6,460 7,600 3,230 38,000 13,300 $70,490 During November, the following summary transactions were completed. Nov. 8 Paid $6,745 for salaries due employees, of which $3,515 is for November and $3,230 is for October. 10 Received $3,610 cash from customers in payment of account. 11 Purchased merchandise on account from Dimas Discount Supply for $15,200, terms 2/10, n/30. 12 Sold merchandise on account for $10,450, terms 2/10, n/30. The cost of the merchandise sold was $7,600. 15 Received credit from Dimas Discount Supply for merchandise returned $570. 19 Received collections in full, less discounts, from customers billed on sales of $10,450 on November 12. 20 Paid Dimas Discount Supply in full, less discount. 22 Received $4,370 cash for services performed in November. 25 Purchased equipment on account $9,500. 27 Purchased supplies on account $3,230. 28 Paid creditors $5,700 of accounts payable due. 29 Paid November rent $712. 29 Paid salaries $2,470. 29 Performed services on account and billed customers $1,330 for those services. 29 Received $1,283 from customers for services to be performed in the future. (a) Your answer is correct. Enter the November 1 balances in ledger T-accounts. Cash 11/1 Bal. 171001 Accounts Receivable 11/1 Bal.A14256| Supplies 11/1 Bal. Al 1634 Equipment 11/1 Bal. | 47,500 Accumulated Depreciation Equipment 11/1 Bal. Accounts Payable 11/1 Bal. | 6460 Unearned Service Revenue 11/1 Bal. 4 7600 Salaries and Wages Payable | 11/1 Bal., 3230 Common Stock | 11/1 Bal. A 38000 Retained Earnings | 11/1 Bal. | 13300 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)

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