On November 1, 2017, Shamrock, Inc had the following account balances The company uses the perpetual inventory method Debit Credit Cash $7,560 Accumulated DepreciationEquipment $840 Accounts Receivable 1,882 Accounts Payable 2,856 Supplies 722 Unearned Service Revenue 3,360 Equipment 21,000 Salaries and Wages Payable 1,428 $31,164 Common Stock 16,800 Retained Earnings 5,880 $31,164 During November, the following summary transactions were completed Nov 8 Paid $2,982 for salaries due employees, of which $1,554 is for November and $1,428 is for October 10 Received $1,596 cash from customers in payment of account 11 Purchased merchandise on account from Dimas Discount Supply for $6,720, terms 2 10, n 30 12 Sold merchandise on account for $4,620, terms 2 10, n 30 The cost of the merchandise sold was $3,360 15 Received credit from Dimas Discount Supply for merchandise returned $252 19 Received collections in full, less discounts, from customers billed on sales of $4,620 on November 12 20 Paid Dimas Discount Supply in full, less discount 22 Received $1,932 cash for services performed in November 25 Purchased equipment on account $4,200 27 Purchased supplies on account $1,428 28 Paid creditors $2,520 of accounts payable due 29 Paid November rent $315 29 Paid salaries $1,092 29 Performed services on account and billed customers $588 for those services 29 Received $567 from customers for services to be performed in the future Prepare a multiple step income statement for November SHAMROCK, INC Income Statement For the Month Ended November 30, 2017 Sales Sales Revenue $ 4620 Less Sales Discounts 92 Net Sales $ 4528 Service Revenue 5901 Total Revenues 10429 Less Cost of Goods Sold 3360 Gross Profit 7069 Expenses Salaries and Wages Expense 3066 i Rent Expense 315 i Depreciation Expense 210 i Supplies Expense 806 Total Expenses 4397 Net Income (Loss) $ 2672 List of Accounts Attempts 3 of 4 used Part 7 Prepare a retained earnings statement for November SHAMROCK, INC Retained Earnings Statement A A List of Accounts

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On November 1, 2017, Shamrock, Inc. had the following account balances. The company uses the perpetual inventory method. Debit Credit Cash $7,560 Accumulated DepreciationEquipment $840

On November 1, 2017, Shamrock, Inc. had the following account balances. The company uses the perpetual inventory method.

	Debit		Credit
Cash	$7,560	Accumulated DepreciationEquipment	$840
Accounts Receivable	1,882	Accounts Payable	2,856
Supplies	722	Unearned Service Revenue	3,360
Equipment	21,000	Salaries and Wages Payable	1,428
	$31,164	Common Stock	16,800
		Retained Earnings	5,880
			$31,164

During November, the following summary transactions were completed.

Nov.	8	Paid $2,982 for salaries due employees, of which $1,554 is for November and $1,428 is for October.
	10	Received $1,596 cash from customers in payment of account.
	11	Purchased merchandise on account from Dimas Discount Supply for $6,720, terms 2/10, n/30.
	12	Sold merchandise on account for $4,620, terms 2/10, n/30. The cost of the merchandise sold was $3,360.
	15	Received credit from Dimas Discount Supply for merchandise returned $252.
	19	Received collections in full, less discounts, from customers billed on sales of $4,620 on November 12.
	20	Paid Dimas Discount Supply in full, less discount.
	22	Received $1,932 cash for services performed in November.
	25	Purchased equipment on account $4,200.
	27	Purchased supplies on account $1,428.
	28	Paid creditors $2,520 of accounts payable due.
	29	Paid November rent $315.
	29	Paid salaries $1,092.
	29	Performed services on account and billed customers $588 for those services.
	29	Received $567 from customers for services to be performed in the future.

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Prepare a multiple-step income statement for November. SHAMROCK, INC. Income Statement For the Month Ended November 30, 2017 Sales Sales Revenue $ 4620 Less: Sales Discounts 92 Net Sales $ 4528 Service Revenue 5901 Total Revenues 10429 Less Cost of Goods Sold 3360 Gross Profit 7069 Expenses Salaries and Wages Expense 3066 i Rent Expense 315 i Depreciation Expense 210 i Supplies Expense 806 Total Expenses 4397 Net Income /(Loss) + $ 2672 List of Accounts Attempts: 3 of 4 used Part 7 Prepare a retained earnings statement for November. SHAMROCK, INC. Retained Earnings Statement A A: List of Accounts