On November 1, 2022, Marin had the following account balances. The company uses the perpetual inventory method. Cash Accounts Receivable Supplies Equipment Debit $6,300 Accumulated Depreciation-Equipment 1,568 Accounts Payable 602 Unearned Service Revenue 17,500 Salaries and Wages Payable $25,970 Common Stock Retained Earnings Credit $700 2,380 2,800 1,190 14,000 4,900 $25,970 During November, the following summary transactions were completed. Nov. 8 Paid $2,485 for salaries due employees, of which $1,295 is for November and $1,190 is for October 10 Received $1,330 cash from customers in payment of account. 11 Purchased merchandise on account from Dimas Discount Supply for $5,600, terms 2/10, n/30. 12 Sold merchandise on account for $3,850, terms 2/10, n/30. The cost of the merchandise sold was $2,800. 15 Received credit from Dimas Discount Supply for merchandise returned $210. 19 Received collections in full, less discounts, from customers billed on sales of $3,850 on November 12. 20 Paid Dimas Discount Supply in full, less discount. 22 Received $1,610 cash for services performed in November 25 Purchased equipment on account $3,500. 27 Purchased supplies on account $1,190. 28 Paid creditors $2,100 of accounts payable due. 29 Paid November rent $262. 29 Paid salaries $910. 29 Performed services on account and billed customers $490 for those services. (d) Adjustment data: 1 2 Supplies on hand are valued at $1,120. Accrued salaries payable are $350. Depreciation for the month is $175. $455 of services related to the unearned service revenue has not been performed by month-end. 3 4 Journalize the adjusting entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) No. Date Account Titles and Explanation Debit Credit 1. Nov. 30 2. Nov. 30 3. Nov. 30 4. Nov. 30 imtinantrier part f fournal antriac nracantad ahau CA Post the above adjusting entries. (Post entries in the order of journal entries presented above.) 11/1 Bal. 11/10 11/19 11/22 11/29 11/30 Bal. 2,485 5,282 2,100 262 Cash 6,300 11/8 1,330 11/20 3,773 11/28 1,610 11/29 473 11/29 2,447 Accounts Receivable 1,568 11/10 3,850 11/19 490 910 1,330 11/1 Bal. 11/12 3,850 11/29 11/30 Bal. 11/11 2,800 728 Inventory 5,600 11/12 11/15 11/20 2,482 Supplies 210 108 11/30 Bal. 11/1 Bal. 602 11/27 1,190 Equipment 17,500 11/1 Bal 11/1 Bal. 11/25 Equipment 17,500 3,500 21,000 Accumulated Depreciation Equipment 11/30 Bal. . 11/1 Bal. 700 11/15 11/20 11/28 Accounts Payable 210 11/1 Bal. 5,390 11/11 2,100 11/25 2,380 5,600 11/27 11/30 Bal. Unearned Service Revenue 3,500 1,190 4,970 . 11/1 Bal. 2,800 11/29 473 + Salaries and Wages Payable 1,190 11/1 Bal. 11/8 1,190 Salaries and Wages Payable 1,190 11/1 Bal. 11/8 1,190 Common Stock 11/1 Bal. 11/30 Bal. Retained Earnings 14,000 14,000 11/1 Bal. 4,900 Service Revenue 11/22 1,610 11/29 490 . Depreciation Expense Supplies Expense Salaries and Wages Expense 11/8 1,295 CALCULATOR PRINTER VERSION 4 BACK Depreciation Expense Supplies Expense Salaries and Wages Expense 11/8 1,295 11/29 910 Rent Expense 11/29 262 Sales Revenue 11/12 3,850 Cost of Goods Sold 11/12 2,800 . Sales Discounts 11/19 77
