Comprehensive Accounting Cycle Review 5-02 (Part Level Submission) On November 1, 2022, Metlock had the following account balances. The company uses the perpetual inventory method. Cash Accounts Receivable Supplies Equipment Debit $ 7,200 1,792 688 20,000 $29,680 Accumulated Depreciation Equipment Accounts Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings Credit $800 2,720 3,200 1,360 16,000 5,600 $29,680 During November, the following summary transactions were completed. Nov. 8 10 11 12 19 20 22 25 27 28 29 29 29 29 Paid $2,840 for salaries due employees, of which $1,480 is for November and $1,360 is for October Received $1,520 cash from customers in payment of account. Purchased merchandise on account from Dimas Discount Supply for $6,400, terms 2/10, n/30. Sold merchandise on account for $4,400, terms 2/10, n/30. The cost of the merchandise sold was $3,200. Received credit from Dimas Discount Supply for merchandise returned $240. Received collections in full, less discounts, from customers billed on sales of $4,400 on November 12. Paid Dimas Discount Supply in full, less discount. Received $1,840 cash for services performed in November. Purchased equipment on account $4,000. Purchased supplies on account $1,360. Paid creditors $2,400 of accounts payable due. Paid November rent $300. Paid salaries $1,040. Performed services on account and billed customers $560 for those services. Received $540 from customers for services to be performed in the future. (C) Post to the ledger accounts. (Post entries in the order of journal entries presented in the previous part.) Cash 11/1 Bal. 7,200 Accounts Receivable 1,792 11/1 Bal. Inventory Supplies 11/1 Bal. 688 Equipment 20,000 11/1 Bal. Accumulated Depreciation-Equipment 11/1 Bal. 800 Accounts Payable 11/1 Bal. 2,720 Unearned Service Revenue 11/1 Bal. 3,200 Salaries and Wages Payable 11/1 Bal. 1,360 Common Stock 11/1 Bal. 16,000 Retained Earnings 11/1 Bal. 5,600 Service Revenue Salaries and Wages Expense Rent Expense Sales Revenue Cost of Goods Sold Sales Discounts