During November, the following summary transactions were completed. Nov. 8 Paid $3,266 for salaries due employees, of which $1,702 is for November and $1,564 is for October. 10 Received $1,748 cash from customers in payment of account. 11 Purchased merchandise on account from Dimas Discount Supply for $7,400, terms 2/10,n/30. 12 Sold merchandise on account for $5,100, terms 2/10,n/30. The cost of the merchandise sold was $3,680. 15 Received credit from Dimas Discount Supply for merchandise returned $300. 19 Recelved collections in full, less discounts, from customers billed on sales of $5,100 on November 12. Nov, 8 Paid $3,266 for salaries due emplovces, of which $1,702 is for November and $1,564 is for October. 10 Received $1,748 cash from customers in payment of account: 11. Purchased merchandise on account from Dimas Discount Supply for $7,400, terms 2/10,n/30. 12. Sold merchandise on account for $5,100, terms 2/10,n/30. The cost of the merchandise sold was $3,680. 15. Received credit from Dimas Discount 5 upply for merchandise returned $300. 19 Recelved collections in full, less discounts, from customers billed on sales of $5,100 on November 12. 20 Paid Dimas Discount Supply in full, less discount. 22 Received $2.116 cash for services performed in November: 25 Purchased equipment on account $4.600. 27 Purchased supplies on account $1.564. 28 Paid creditors $2.760 of accounts payable due. 29 Paid November rent $345. 29 Paid salaries $1,196. 29 Performed services on account and bilied customers $644 for those services. 29 Recelved $621 from customers for services to be performed in the futurc. 27 Purchased supplies on account $1,564. 28 Paid creditors $2,760 of accounts payable due. 29 Paid November rent $345. 29 Paid salaries $1,196. 29 Performed services on account and billed customers $644 for those services. 29 Received $621 from customers for services to be performed in the future. Adjustment data: 1. Supplies on hand are valued at $1,472. 2. Accrued salaries payable are $460. 3. Depreciation for the month is $230. 4. $598 of services related to the unearned service revenue has not been performed by month-end. Date Account Tities and Explanation Nov, 30 Service Revenue Sales Revenue Income Summary (To close revenue accounts and other accounts with credit balances.) Nov. 30 Income Summary Sales Discounts Cost of Goods Sold Salaries and Wages Expense Fient Expense Depreciation Expense Cont of Coods Sold Solaries and Wages Experse 3358 Rent fexenie Depreciation Expente (To close expense accounts and other accounts with debit balances.) Nov. 30 Income Summary 3475 Retained Earning 3475 (To dose income summary.)