I need part B. Journalize the transactions
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 $18,000 Accumulated Depreciation-Equipment 4,480 Accounts Payable 1,720 Unearned Service Revenue 50,000 Salaries and Wages Payable Credit $2,000 6,800 8,000 3,400 40,000 14,000 $74,200 $74.200 Common Stock Retained Earnings During November, the following summary transactions were completed. Nov. 8 10 12 15 19 20 22 25 27 28 29 29 29 29 Paid $7,100 for salaries due employees, of which $3,700 is for November and $3,400 is for October. Received $3,800 cash from customers in payment of account. handise on account from Dimas Discount Supply for $16,000, terms 2/10, n/30 Sold merchandise on account for $11,000, terms 2/10, n/30. The cost of the merchandise sold was $8,000. Received credit from Dimas Discount Supply for merchandise returned $600. Received collections in full, less discounts, from customers billed on sales of $11,000 on November 12. Paid Dimas Discount Supply in full, less discount. Received $4,600 cash for services performed in November. Purchased equipment on account $10,000. Purchased supplies on account $3,400. Paid creditors $6,000 of accounts payable due. Paid November rent $750. Paid salaries $2,600. Performed services on account and billed customers $1,400 for those services. Received $1,350 from customers for services to be performed in the future. Your answer is correct. Enter the November 1 balances in ledger T-accounts. Cash T 11/1 Bal. lll 18,000 Accounts Receivable Bal. 4,480 Supplies 1,720 1 Equipment 11/1 Bal. 3 50,000 C DT Accumulated Depreciation Equipment Ji 11/1 Bal. 2,000 Accounts Payable 11/1 Bal. 915,800 Unearned Service Revenue Ji 11/1 Bal 218,000 Salaries and Wages Payable Common Stock - 11/1 Bal. 3 3,400 11/1 bal. = 40,000 11/1 Bal. = 114,000 Retained Earnings J O Click if you would like to Show Work for this question: Open blank Show Work Copy Show Work from Previous attempt (b) Journalize the November transactions. (Credit account titles are automatically indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. 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 Nov. 19 (To record November rent paid) (To record November rent paid) (To record salaries paid) (To record services performed) (To record receipt for services to be performed) Click if you would like to Show Work for this question: Open Show Work
