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On November 1, 2025, Windsor Inc. had the following account balances. The company uses the perpetual inventory method. During November, the following summary transactions were

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On November 1, 2025, Windsor Inc. had the following account balances. The company uses the perpetual inventory method. During November, the following summary transactions were completed. Nov. 8 Paid $9,585 for salaries due employees, of which $4,995 is for November and $4,590 is for October. 10 Received $5,130 cash from customers in payment of account. 11 Purchased merchandise on account from Dimas Discount Supply for $21,600, terms 2/10, n/30. 12 Sold merchandise on account for $14,850, terms 2/10,n/30. The cost of the merchandise sold was $10,800. 15 Received credit from Dimas Discount Supply for merchandise returned $800. 19 Received collections in full, less discounts, from customers billed on sales of $14,850 on November 12. 20 Paid Dimas Discount Supply in full, less discount. 22 Received $6,210 cash for services performed in November. 25 Purchased equipment on account $13,500. 27 Purchased supplies on account $4,590. 28 Paid creditors $8,100 of accounts payable due. 29 Paid November rent $1,012. 29 Paid salaries $3,510. 29 Performed services on account and billed customers $1,890 for those services. 29 Received $1.823 from customers for services to be performed in the future. Adjustment data: 1. Supplies on hand are valued at $4,320. 2. Accrued salaries payable are $1,350. 3. Depreciation for the month is $675. 4. $1,755 of services related to the unearned service revenue has not been performed by month-end. 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 0 for the amounts. List all debit entries before credit entries.) Prepare a multiple-step income statement for November. WINDSOR Income Statement For the Month Ended November 30, 2025 Revenues Service Revenue $18968 Add : Sales Revenue 14850 Total Revenues NetSales Less V: Cost of Goods Sold Gross Profit Operating Expenses Salaries and Wages Expense Rent Expense \begin{tabular}{|l|l|} \hline 1012 & 1 \\ \hline \end{tabular} Supplies Expense \begin{tabular}{|r|r|} \hline 2592 \\ \hline \end{tabular} Depreciation Expense Total Operating Expenses Net lncome / (Loss) Prepare a multiple-step income statement for November. WINDSOR Income statement For the Month Ended November 30, 2025 zvenue $18968 : Sales Revenue 14850 ?rues Cost of Goods Sold 3d Wages Expense

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