Important Information

QUESTION

On November 1, 2025, Marin Inc. had the following account balances. The company uses the perpetual inventory method. During November, the following summary transactions were completed. Nov. 8 Paid $2,485 for salaries due employees, of which $1,295 is for November and $1,190 is for October. 10 Received $1,330 cash from customers in payment of account. 11 Purchased merchandise on account from Dimas Discount Supply for $5,600, terms 2/10,n/30. 12 Sold merchandise on account for $3,850, terms 2/10,n/30. The cost of the merchandise sold was $2,800. 15 Received credit from Dimas Discount Supply for merchandise returned \$200. 19 Received collections in full, less discounts, from customers billed on sales of $3,850 on November 12. 20 Paid Dimas Discount Supply in full, less discount. 22 Received $1,610 cash for services performed in November. 25 Purchased equipment on account \$3,500. 27 Purchased supplies on account $1,190. 28 Paid creditors $2,100 of accounts payable due. 29 Paid November rent $262. 29 Paid salaries $910. 29 Performed services on account and billed customers $490 for those services. 29 Received $473 from customers for services to be performed in the future. Adjustment data: 1. Supplies on hand are valued at $1,120. 2. Accrued salaries payable are $350. 3. Depreciation for the month is $175. 4. $455 of services related to the unearned service revenue has not been performed by month-end. Journalize the adjusting entries. (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 0 for the amounts. List all debit entries before credit entries.) Post the above adjusting entries. (Post entries in the order of journal entries presented above.) \begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{6}{|c|}{ Accumulated Depreciation-Equipment } \\ \hline v & & & 11/1 Bal. & & 700 \\ \hlinev & & & v & & \\ \hline v & & & v & & \\ \hline \multicolumn{5}{|c|}{ Accounts Payable } & \\ \hline 11/15 & 200 & 11/1B & & 2,380 & \\ \hline 11/20 & 5,400 & 11/11 & & 5,600 & \\ \hline \multirow[t]{3}{*}{11/28} & 2,100 & 11/25 & & 3,500 & \\ \hline & & 11/27 & & 1,190 & \\ \hline & & 11/30 & Bal. & 4,970 & \\ \hline \multicolumn{6}{|c|}{ Unearned Service Revenue } \\ \hlinev & & & 11/1 Bal. & & 2,800 \\ \hlinev & & & 11/29 & & 473 \\ \hlinev & & & v & & \\ \hline \multicolumn{6}{|c|}{ Salaries and Wages Payable } \\ \hline 11/8 & & 1,190 & 11/1 Bal. & & 1,190 \\ \hlinev & & & v & & \\ \hlinev & & & & & \\ \hline \multicolumn{5}{|c|}{ Common Stock } & \\ \hline & & 11/1B & & 14,000 & \\ \hline & & 11/30 & & 14,000 & \\ \hline \end{tabular} Retained Earnings 11/1 Bal. 4,900 Service Revenue \begin{tabular}{|c|c|c|} \hlinev & 11/22 & 1,610 \\ \hlinev & 11/29 & 490 \\ \hlinev & v & \\ \hline \end{tabular} Depreciation Expense Supplies Expense Salaries and Wages Expense \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Rent Expense } \\ \hline 11/29 & 262 & & \\ \hline \multicolumn{4}{|c|}{ Sales Revenue } \\ \hlinev & & 11/12 & 3,850 \\ \hline \multicolumn{4}{|c|}{ Cost of Goods Sold } \\ \hline 11/12 & 2,800 & & \\ \hline \multicolumn{4}{|c|}{ Sales Discounts } \\ \hline 11/19 & 77 & v & \\ \hline \end{tabular}