o On November 1, 2025, Kingbird Inc. had the following account balances. The company uses the perpetual inventory method. Cash Accounts Receivable Supplies Equipment 10 11 Debit 12 $4,500 Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue 15 1,120 430 12,500 $18,550 During November, the following summary transactions were completed. Salaries and Wages Payable Common Stock Retained Earnings Credit $500 1,700 2,000 850 Nov. 8 Paid $1,775 for salaries due employees, of which $925 is for November and $850 is for October. Received $950 cash from customers in payment of account. Purchased merchandise on account from Dimas Discount Supply for $4,000, terms 2/10, n/30. Sold merchandise on account for $2,750, terms 2/10, n/30. The cost of the merchandise sold was $2,000. Received credit from Dimas Discount Supply for merchandise returned $150. 10,000 3,500 $18,550

On November 1,2025, Kingbird Inc, had the following account balances. The company uses the perpetual inventory method. During November, the following summary transactions were completed. Nov: 8 Paid $1,775 for salaries due employees, of which $925 is for November and $850 is for October, 10 Recelued $950 cach from customers in payment of secount. 11 Purchased merchandisto on account from Dimas Discount Supply for $4,000, terms 2/10,N/30 12 Sold merchandise on account for $2.750, terms 2/10,n/30. The cost of the merchandise sold was $2,000. 15 Received credit from Dimas Discount Supoly for merchandise returned $150 19 Received collections in full, less discounts, from customers billed on sales of $2,750 on November 12 . 20 Paid Dimas Discount Supply in full, less discount. 22. Received $1,150 cash for services performed in November. 25 Purchased equipment on account $2.500. 27 Purchased supplies on account $850. 28 Paid creditors $1,500 of accounts payable due. 29 Paid Nowember rent $187. 29 Paidsalaries $650. 29 Performed services on account and billed customers $350 for those services. 29 Received $338 from customers for services to be performed in the future. Accounts Recelvable \begin{tabular}{|c|c|c|} \hline 11/1 Bal. & 1.120 & \\ \hline: & & \\ \hline ; & & : \\ \hline : & & : \\ \hline \end{tabular} Inventory Accumulated Depreciation-Equipment 11/1 Bal. 500 Accounts Payable 11/1 Bal. 1,700 Unearned Service Revenue 11/1 Bal. 2,000 Salaries and Wages Payable 11/1 Bal. 850 Common Stock Retained Earnings 11/1 Bal. 3,500 Service Revenue Salaries and Wages Expense Rent Expense Sales Revenue Cost of Goods Sold Sales Discounts