On November 1, 2025, Kingbird Inc. had the following account balances. The company uses the perpetual inventory method. Debit Credit Cash $25,200 Accumulated Depreciation-Equipment $2,800 Accounts Receivable 6,272 Accounts Payable 9,520 Supplies 2,408 Unearned Service Revenue 11,200 Equipment 70,000 Salaries and Wages Payable 4,760 $103,880 Common Stock 56,000 Retained Earnings 19,600 $103,880 During November, the following summary transactions were completed. Nov. 8 Paid $9,940 for salaries due employees, of which $5,180 is for November and $4,760 is for October. 10 Received $5,320 cash from customers in payment of account. 11 Purchased merchandise on account from Dimas Discount Supply for $22,400, terms 2/10, n/30. 12 Sold merchandise on account for $15,400, terms 2/10, n/30. The cost of the merchandise sold was $11,200. 15 Received credit from Dimas Discount Supply for merchandise returned $850. 19 Received collections in full, less discounts, from customers billed on sales of $15,400 on November 12. 20 Paid Dimas Discount Supply in full, less discount. Received $6,440 cash for services performed in November. 25 Purchased equipment on account $14,000. 22222222222 29 27 28 29 29 29 Purchased supplies on account $4,760. Paid creditors $8,400 of accounts payable due. Paid November rent $1,050. Paid salaries $3,640. Performed services on account and billed customers $1,960 for those services. Received $1,890 from customers for services to be performed in the future. Adjustment data: 1. Supplies on hand are valued at $4,480. 2. Accrued salaries payable are $1,400. 3. Depreciation for the month is $700. 4. $1,820 of services related to the unearned service revenue has not been performed by month-end. Journalize the closing 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. List all debit entries before credit entries.) Date Account Titles and Explanation Nov. 30 Nov. 30 (To close revenue accounts) Nov. 30 (To close expense accounts) (To close income summary) Debit Credit Post the closing entries. (Post entries in the order of journal entries presented above. For accounts that have a zero balance select "11/30 Bal." from the list and enter O for the amount on the normal balance side. Assume Income Summary has a normal credit balance.) Cash 11/1 Bal. 25,200 11/8 9,940 11/10 5,320 11/20 21,119 11/19 15,092 11/28 8,400 11/22 6,440 11/29 1,050 11/29 1,890 11/29 3,640 11/30 Bal. 9,793 Accounts Receivable 11/1 Bal. 6,272 11/10 5,320 11/12 15,400 11/19 15,400 11/29 1,960 11/30 Bal. 2,912 Inventory 11/11 22,400 11/12 11,200 11/15 850 11/20 431 11/30 Bal. 9,919 Supplies 11/1 Bal. 2,408 Adj. 2,688 11/27 4,760 11/30 Bal. 4,480 Equipment 11/1 Bal. 70,000 11/25 14,000 11/30 Bal. 84,000 Accumulated Depreciation-Equipment 11/1 Bal. 2,800 Adj. 700 11/30 Bal. 3,500 Accounts Payable 11/15 850 11/1 Bal. 9,520 11/20 21,550 11/11 22,400 11/28 8,400 11/25 14,000 11/27 4,760 11/30 Bal. 19,880 Adj. 11/8 Adj. Unearned Service Revenue 11,270 11/1 Bal. 11,200 11/29 1,890 11/30 Bal. 1,820 Salaries and Wages Payable 4,760 11/1 Bal. 4,760 Adj. 1,400 11/30 Bal. 1,400 Common Stock 11/1 Bal. 11/30 Bal. Retained Earnings 11/1 Bal. Service Revenue 56,000 56,000 19,600 11/22 6,440 11/29 1,960 Adj. Depreciation Expense 700 11,270 11/8 11/29 Salaries and Wages Expense 5,180 3,640 Adj. 1,400 11/29 Rent Expense 1,050 11/12 Sales Revenue 11/12 Cost of Goods Sold 11,200 11/19 Sales Discounts 308 11/1 Bal. la will impact your score. er attempt 1 Income Summary 15,400 Attempts: 0 of 2 used Submit Answer --/11.12