comprehensive accounting cycle review 5-2

A) enter the nov 1 balanced in ledger T-accounts

n November 1, 2017 , Marin Inc. had the following account balances. The company uses the perpetual inventory $11,160 2,778 1,066 31,000 $46,004 Accumulated DepreciationEquipment $1,240 Accounts Receivable Supplies Equipment Accounts Payable Uneamed Service Revenue Salaries and Wages Payable Common Stock Retained Eamings 4,216 4,960 2,108 24,800 8,680 $46,004 During November, the following summary transactions were completed. Nov. 8 Paid *402 for salaries due employees, of which $2,294 is for November and $2,108 is for October. 10 Received $2 ,356 cash from customers in payment Of account. II Purchased merchandise on account from Dimas Discount Supply for $9,920, terms 2/ 10, n/30. 12 Sold merchandise on account for $6,820, terms 2/10, "1/30. The cost of the merchandise sold was $4,960, 15 Received credit from Dimas Discount Supply for merchandise returned $372. 19 Received collections in full, less discounts, from customers billed on sales of $6, 820 on November 12, 20 Paid Dimas Discount Supply in full. less discount, 22 Received $2,852 cash For services performed in November. 25 purchased equipment On a Ctount $6,200 , 27 29 29 29 29 Purchased supplies on account 52.108. Paid creditors 53,720 OF accounts payable due. Paid November rent 5465. Paid salaries $1,12. Performed service; on account billee customer-s for those services. Received from customers for services to performed the future.