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On November 1, 2017, Skysong, Inc. had the following account balances. The company uses the perpetual inventory method. Cash Debit $7.740 1.926 740 Accounts Receivable

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On November 1, 2017, Skysong, Inc. had the following account balances. The company uses the perpetual inventory method. Cash Debit $7.740 1.926 740 Accounts Receivable Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings Credit $860 2.924 3,440 1.462 17,200 21,500 $31,906 6,020 $31.906 During November, the following summary transactions were completed. Nov. 8 10 12 15 19 20 Paid $3,053 for salaries due employees, of which $1,591 is for November and $1.462 is for October. Received $1,634 cash from customers in payment of account. 11 Purchased merchandise on account from Dimas Discount Supply for $6,880, terms 2/10,n/30. Sold merchandise on account for $4,730, terms 2/10,n/30. The cost of the merchandise sold was $3,440. Received credit from Dimas Discount Supply for merchandise returned $258 Received collections in full, less discounts, from customers billed on sales of $4.730 on November 12. Paid Dimas Discount Supply in full, less discount. 22 Received $1,978 cash for services performed in November Purchased equipment on account $4,300. Purchased supplies on account $1.462. Paid creditors $2,580 of accounts payable due. Paid November rent $323. 29 Paid salaries $1.118 Performed services on account and billed customers $602 for those services 29 Received $581 from customers for services to be performed in the future, 25 27 28 29 29 manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Round answers to O decimal places, eg. 5,275. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Nov. 8 (To record credit sale) (To record credit sale) (To record cost of merchandise sold) Nov. 19 (To record November rent paid) (To record salaries paid) (To record services performed) (To record receipt for services performed)

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