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. Post the closing entries. (Post entries in the order of journal entries presented above. For accounts with a zero balance select "11/30 Bal." from the list and enter on the normal balance side for that account and enter " 0 " for the amount.) \begin{tabular}{l|lr} \hline & 11/1Bal & 18,400 \\ \hline & 11/30BaL & 18,400 \end{tabular} Retained Earnings 11/1Bal. 6,440 Service Revenue Depreciation Expense Depreciation Expense Income Summary Salaries and Wages Expense 11/8 1,702 Cost of Goods Sold 11/12 3,680 Sales Discounts 11/19 102
