On November 1, 2017, Marin Inc. had the following account balances. The company uses the...

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Accounting

On November 1, 2017, Marin Inc. had the following account balances. The company uses the perpetual inventory method.

Debit Credit
Cash $9,180 Accumulated DepreciationEquipment $1,020
Accounts Receivable 2,285 Accounts Payable 3,468
Supplies 877 Unearned Service Revenue 4,080
Equipment 25,500 Salaries and Wages Payable 1,734
$37,842 Common Stock 20,400
Retained Earnings 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.
11 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, n/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 $5,100.
27 Purchased supplies on account $1,734.
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 $714 for those services.
29

Received $689 from customers for services to be performed in the future.

create a balance sheet

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