Question 1 of 1 0.11 / 1 View Policies Show Attempt History Current Attempt in Progress On November 1, 2017, Marin Inc had the following account balances. The company uses the perpetual inventory method. Cash Accounts Receivable Supplies Equipment Debit $9,180 2,285 877 25.500 $37.842 Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings Credit $1.020 3,468 4,080 1734 20.400 7.140 $37,842 During November, the following summary transactions were completed. Nov 8 Paid $3,621 for salaries due employees, of which $1,887 is for November and $1.734 is for October 10 Received $1,938 cash from customers in payment of account Purchased merchandise on account from Dimas Discount Supply for $8.160 terms 2/10,n/30 12 Sold merchandise on account for $5,610, terms 2/10, 1/30. The cost of the merchandise sold was $4.080 15 Received credit from Dimas Discount Supply for merchandise returned $306. 19 Received collections in full, less discounts, from customers billed on sales of $5.610 on November 12 20 Paid Dimas Discount Supply in full, less discount 22 Received $2.346 cash for services performed in November 25 Purchased equipment on account 55.100 27 Purchased supplies on account $1734 28 Paid creditors $3,060 of accounts payable due. 29 Paid November rent $383. 29 Paid salaries $1.326 29 Performed services on account and billed customers 5714 for those services 29 Received 5609 from customers for services to be performed in the future Part 1 Your answer is correct Enter the November 1 balances in ledger T-accounts Cash Midterm-Accounting Cycle Revi X NWP Assessment Player Ul Apex On November 1, 2017 Marinex My Devices Chegg.com player/index.html?launchid-22301a9d-dd164d07-b1e0-b65c0bce5d57e/question/ Question 1 of 1 > 0.2/1 5.275. Record journal entries in the order presented in the problem Date Nov. B Account Titles and Explanation Salaries and Wapes Expense Debit Credit 1.887 Salaries and Wages Payable 1734 Cash 36 No. 10 Cash 1.930 Accounts Receivable 1.9 Now 11 Intory eu Accounts Payable Accounts Receivable Nov 12v 5.610 56 Sales Revenue (To record credit sale Cost of Goods 50 40 Inventory (To record cost of merchandise sold) Accounts Payable Now is 306 Inventory No. 19 5498 Sales Discount 112 Account Receive 56 Aco Pava Now No.2 ACP Sot E term Accounting Cycle Revix NWP Assessment PlayerUI ADEX C On November 1, 2017 Marine X My Devices | Chegg.com ver/indexhtmllaunchid:22301a9d-dd 16-4007-b1e0b6500bedste/questionyo Question 1 of 1 0.2/1 Nov. 20 Accounts Payable Cash Purchase Discounts Nov 22 Cash Service Revenue Nov. 25 Equipment Accounts Payable Nov. 27 Supplies Accounts Payable Nov 28 v Accounts Payable Cah Nov. 29 Rent Expense Cash (To record November rent paid) Salaries and Wages Expense (To record salaries pald) Accounts Receivable Service Revenue (To record services performed) Cash Uncanned Service Revenue (To record receipt for services performed) List of Accounts Attempts: 1 of 4 used Question 1 of 1 0.11 / 1 View Policies Show Attempt History Current Attempt in Progress On November 1, 2017, Marin Inc had the following account balances. The company uses the perpetual inventory method. Cash Accounts Receivable Supplies Equipment Debit $9,180 2,285 877 25.500 $37.842 Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings Credit $1.020 3,468 4,080 1734 20.400 7.140 $37,842 During November, the following summary transactions were completed. Nov 8 Paid $3,621 for salaries due employees, of which $1,887 is for November and $1.734 is for October 10 Received $1,938 cash from customers in payment of account Purchased merchandise on account from Dimas Discount Supply for $8.160 terms 2/10,n/30 12 Sold merchandise on account for $5,610, terms 2/10, 1/30. The cost of the merchandise sold was $4.080 15 Received credit from Dimas Discount Supply for merchandise returned $306. 19 Received collections in full, less discounts, from customers billed on sales of $5.610 on November 12 20 Paid Dimas Discount Supply in full, less discount 22 Received $2.346 cash for services performed in November 25 Purchased equipment on account 55.100 27 Purchased supplies on account $1734 28 Paid creditors $3,060 of accounts payable due. 29 Paid November rent $383. 29 Paid salaries $1.326 29 Performed services on account and billed customers 5714 for those services 29 Received 5609 from customers for services to be performed in the future Part 1 Your answer is correct Enter the November 1 balances in ledger T-accounts Cash Midterm-Accounting Cycle Revi X NWP Assessment Player Ul Apex On November 1, 2017 Marinex My Devices Chegg.com player/index.html?launchid-22301a9d-dd164d07-b1e0-b65c0bce5d57e/question/ Question 1 of 1 > 0.2/1 5.275. Record journal entries in the order presented in the problem Date Nov. B Account Titles and Explanation Salaries and Wapes Expense Debit Credit 1.887 Salaries and Wages Payable 1734 Cash 36 No. 10 Cash 1.930 Accounts Receivable 1.9 Now 11 Intory eu Accounts Payable Accounts Receivable Nov 12v 5.610 56 Sales Revenue (To record credit sale Cost of Goods 50 40 Inventory (To record cost of merchandise sold) Accounts Payable Now is 306 Inventory No. 19 5498 Sales Discount 112 Account Receive 56 Aco Pava Now No.2 ACP Sot E term Accounting Cycle Revix NWP Assessment PlayerUI ADEX C On November 1, 2017 Marine X My Devices | Chegg.com ver/indexhtmllaunchid:22301a9d-dd 16-4007-b1e0b6500bedste/questionyo Question 1 of 1 0.2/1 Nov. 20 Accounts Payable Cash Purchase Discounts Nov 22 Cash Service Revenue Nov. 25 Equipment Accounts Payable Nov. 27 Supplies Accounts Payable Nov 28 v Accounts Payable Cah Nov. 29 Rent Expense Cash (To record November rent paid) Salaries and Wages Expense (To record salaries pald) Accounts Receivable Service Revenue (To record services performed) Cash Uncanned Service Revenue (To record receipt for services performed) List of Accounts Attempts: 1 of 4 used