On November 1, 2022, Sage Hill had the following account balances. The company uses the...

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Accounting

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On November 1, 2022, Sage Hill had the following account balances. The company uses the perpetual inventory method. Debit Credit $2,100 Cash $18,900 Accounts Receivable 4,704 Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue 7,140 Supplies 1.806 8,400 Equipment 52,500 Salaries and Wages Payable 3,570 $77.910 Common Stock 42,000 Retained Earnings 14,700 $77,910 During November, the following summary transactions were completed. Nov. 8 10 11 12 15 19 20 22 Paid $7.455 for salaries due employees, of which $3,885 is for November and $3,570 is for October. Received $3.990 cash from customers in payment of account. Purchased merchandise on account from Dimas Discount Supply for $16,800, terms 2/10,n/30. Sold merchandise on account for $11,550, terms 2/10,n/30. The cost of the merchandise sold was $8,400. Received credit from Dimas Discount Supply for merchandise returned $630. Received collections in full, less discounts, from customers billed on sales of $11,550 on November 12. Paid Dimas Discount Supply in full, less discount. Received $4.830 cash for services performed in November. Purchased equipment on account $10.500. Purchased supplies on account $3,570. Paid creditors $6,300 of accounts payable due. Paid November rent $787. Paid salaries $2,730. Performed services on account and billed customers $1,470 for those services. Received $1,418 from customers for services to be performed in the future. 25 27 28 29 29 29 29 Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings

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