Question

Comprehensive Accounting Cycle Review 5-02 (Part Level Submission) On November 1, 2022, Marin had the following account balances. The company uses the perpetual inventory method. Debit Credit $17,100 Accumulated Depreciation-Equipment $1,900 Cash 4,256 Accounts Payable 6,460 Accounts Receivable 7,600 1,634 Unearned Service Revenue Supplies 47,500 Salaries and Wages Payable 3,230 Equipment $70,490 Common Stock 38,000 Retained Earnings 13,300 $70,490 During November, the following summary transactions were completed Nov. 8 Paid $6,745 for salaries due employees, of which $3,515 is for November and $3,230 is for October. 10 Received $3,610 cash from customers in payment of account 11 Purchased merchandise on account from Dimas Discount Supply for $15,200, terms 2/10, n/30 12 Sold merchandise on account for $10,450, terms 2/10, n/30. The cost of the merchandise sold was $7,600. 15 Received credit from Dimas Discount Supply for merchandise returned $570. 19 Received collections in full, less discounts, from customers billed on sales of $10,450 on November 12. Paid Dimas Discount Supply in full, less discount. 20 22 Received $4,370 cash for services performed in November. 25 Purchased equipment on account $9,500. 27 Purchased supplies on account $3,230 28 Paid creditors $5,700 of accounts payable due. 29 Paid November rent $712 Paid salaries $2,470. 29 29 Performed services on account and billed customers $1,330 for those services. 29 Received $1,283 from customers for services to be performed in the future.

Can you fill our the ledgar accounts and fill in the dates. Ex: 11/1 Bal , 11/8 , 11/10, 11/11, 11/12, etc.

Answer 1

Marin Journal entries Date Account 8-Nov Salaries and Wages expense Salaries and Wages Payable Credit Calculation Debit $ 3,515 $ 3,230 Cash $ 6,745 $ 3,610 10-Nov Cash Accounts Receivable $ 3,610 $ 15,200 11-Nov Inventory Accounts Payable $ 15,200 $ 10,450 12-Nov Accounts Receivable Sales Revenue $ 10,450 $ 7,600 Cost of Goods Sold Inventory $ 7,600 $ 570 15-Nov Accounts Payable Inventory $ 570 19-Nov Cash Sales Discounts Accounts Receivable $ $ 10,241 209 =10,450*2% $ 10,450 $ 14,630 20-Nov Accounts Payable Cash Inventory =15,200-570 $ 14,337 $ 293 =14,630*2% $ 4,370 22-Nov Cash Service Revenue $ 4,370 $ 9,500 25-Nov Equipment Accounts Payable $ 9,500 $ 3,230 27-Nov Supplies Accounts Payable $ 3,230 $ 5,700 28-Nov Accounts Payable Cash $ 5,700 $ 712 29-Nov Rent expense Cash $ 712 $ 2,470 29-Nov Salaries and Wages expense Cash $ 2,470 $ 1,330 29-Nov Accounts Receivable Service Revenue $ 1,330 $ 1,283 29-Nov Cash Unearned Service Revenue $ 1,283

Credit Marin T Accounts Date Debit Date Credit Cash 11/1 Bal. $17,100 8-Nov $ 6,745 10-Nov $ 3,610 20-Nov $ 14,337 19-Nov $ 10,241 28-Nov $ 5,700 22-Nov $ 4,370 29-Nov $ 712 29-Nov $ 1,283 29-Nov $ 2,470 Date Debit Date Credit Accounts Receivable 11/1 Bal. $ 4,256 10-Nov $ 3,610 12-Nov $ 10,450 19-Nov $ 10,450 29-Nov $ 1,330 Date Debit Date Credit Inventory 11/1 Bal. $ 11-Nov $ 15,200 12-Nov $ 7,600 15-Nov $ 570 20-Nov $ 293 Date Debit Date Supplies 11/1 Bal. $ 1,634 27-Nov $ 3,230 Bal. Bal. $ 6,640 Equipment 11/1 Bal. $ 47,500 25-Nov $ 9,500 Bal. $ 1,976 Accumulated Depreciation Equipment 11/1 Bal. $ 1,900 $ - Bal. $ 6,737 Accounts Payable 11/1 Bal. $ 6,460 15-Nov $ 570 11-Nov $ 15,200 20-Nov $ 14,630 25-Nov $ 9,500 28-Nov $ 5,700 27-Nov $ 3,230 $ 4,864 Unearned Service Revenue 11/1 Bal. $ 7,600 29-Nov $ 1,283 $13,490 $ 8,883 Bal. $ 57,000 Salaries and Wages Payable 8-Nov $ 3,230 11/1 Bal. $ 3,230 $ - Bal. $ 1,900 Common Stock 11/1 Bal. $ 38,000 Bal. Retained Earnings 11/1 Bal. Income Summary S - $ - $13,300 $ - $ - $ 13,300 S Bal. Service Revenue 22-Nov $ 4,370 29-Nov $ 1,330 $ - Bal. $ 38,000 Salaries and Wages expense 8-Nov $ 3,515 29-Nov $ 2,470 $ - Bal. Rent expense 29-Nov $ 712 Bal. $ 5,700 Sales Revenue 12-Nov $ 10,450 Bal. $ 5,985 Cost of Goods Sold 12-Nov $ 7,600 Bal. $ 712 Sales Discounts 19-Nov $ 209 $ 10,450 Bal. $ 7,600 Bal. $ 209

Unadjusted TB Debit Credit 6,640 1,976 6,737 4,864 57,000 1,900 13,490 8,883 Marin Account Names Cash Accounts Receivable Inventory Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings Service Revenue Sales Revenue Sales Discounts Cost of Goods Sold Salaries and Wages expense Rent expense Depreciation expense Supplies expense Totals 38,000 13,300 5,700 10,450 209 7,600 5,985 712 91,723 91,723