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On November 1 , 2 0 2 5 , Teal Mountain Inc. had the following account balances. The company uses the perpetual inventory method. During

On November 1,2025, Teal Mountain Inc. had the following account balances. The company uses the perpetual inventory method.
During November, the following summary transactions were completed.
Nov. 8 Paid $5,325 for salaries due employees, of which $2,775 is for November and $2,550 is for October.
10 Received $2,850 cash from customers in payment of account.
11 Purchased merchandise on account from Dimas Discount Supply for $12,000, terms 210,n30.
12 Sold merchandise on account for $8,250, terms 210,n30. The cost of the merchandise sold was $6,000.
15 Received credit from Dimas Discount Supply for merchandise returned $450.
19 Received collections in full, less discounts, from customers billed on sales of $8,250 on November 12.
20 Paid Dimas Discount Supply in full, less discount.
22 Received $3,450 cash for services performed in November.
25 Purchased equipment on account $7,500.
27 Purchased supplies on account $2,550.
28 Paid creditors $4,500 of accounts payable due.
29 Paid November rent $562.
29 Paid salaries $1,950.
29 Performed services on account and billed customers $1,050 for those services.
29 Received $1,013 from customers for services to be performed in the future. please complete the closing entries to the right of the information
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