On November 1, 2017, Kingbird, Inc. had the following account balances. The company uses the perpetual inventory method. Debit Credit Cash $6,660 $740 2,516 Accounts Receivable 1,658 636 2,960 Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings 18,500 1,258 $27,454 14,800 5,180 $27,454 During November, the following summary transactions were completed. Nov. 8 10 11 12 15 19 20 22 Paid $2,627 for salaries due employees, of which $1,369 is for November and $1,258 is for October. Received $1,406 cash from customers in payment of account. Purchased merchandise on account from Dimas Discount Supply for $5,920, terms 2/10, n/30. Sold merchandise on account for $4,070, terms 2/10, n/30. The cost of the merchandise sold was $2,960. Received credit from Dimas Discount Supply for merchandise returned $222. Received collections in full, less discounts, from customers billed on sales of $4,070 on November 12. Paid Dimas Discount Supply in full, less discount. Received $1,702 cash for services performed in November. Purchased equipment on account $3,700. Purchased supplies on account $1,258. Paid creditors $2,220 of accounts payable due. Paid November rent $278. Paid salaries $962. Performed services on account and billed customers $518 for those services. Received $500 from customers for services to be performed in the future. 25 27 28 29 29 29 29 Post to the ledger accounts. (Post entries in the order of journal entries presented in the previous part.) Cash 11/1 Bal. 6,660 Accounts Receivable 11/1 Bal. 1,658 Accounts Receivable 11/1 Bal. 1,658 Inventory Supplies 11/1 Bal. 636 Equipment 11/1 Bal. 18,500 Accumulated Depreciation Equipment 11/1 Bal. 740 Accounts Payable Accounts Payable 11/1 Bal. 2,516