The following events occur during November a. Webworks starts and completes eight more Web sites and bills clients for $4,600. b. Webworks purchases supplies worth $80 on account. e. At the beginning of November. Webworks had nine keyboards costing $110 each and forty flash drives costing $12 each. Webworks uses periodic FIFO to cost its inventory d. On account. Webworks purchases sixty keyboards for $111 each and ninety flash drives for $13 each. e. Webworks pays Nancy $800 for her work during the first three weeks of October. f. Webworks sells 60 keyboards for $9,000 and 120 flash drives for $2,400 cash. g. A local realtor pays $400 in advance for a Web site. It will not be completed until December h. Leon read about a new program that could enhance the Web sites Webworks is developing for clients. He decides to purchase a license to be able to use the program for one year by paying $2,400 cash. This is called a "license agreement" and is an intangible asset i. Webworks collects $4,200 in accounts receivable. j. Webworks pays off its salaries payable from November. k. Webworks pays off $9,000 of its accounts payable. 1. Webworks pays Leon a salary of $2,000. m. Webworks wrote off an uncollectible account in the amount of $100. n. Webworks pays taxes of $1,135 in cash.