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On November 1, 2022, Tamarisk had the following account balances. The company uses the perpetual inventory method. Debit Credit Cash $12,600 Accumulated DepreciationEquipment $1,400 Accounts Receivable 3,136 Accounts Payable 4,760 Supplies 1,204 Unearned Service Revenue 5,600 Equipment 35,000 Salaries and Wages Payable 2,380 $51,940 Common Stock 28,000 Retained Earnings 9,800 $51,940 During November, the following summary transactions were completed. Nov. 8 Paid $4,970 for salaries due employees, of which $2,590 is for November and $2,380 is for October. 10 Received $2,660 cash from customers in payment of account. 11 Purchased merchandise on account from Dimas Discount Supply for $11,200, terms 2/10, n/30. 12 Sold merchandise on account for $7,700, terms 2/10, n/30. The cost of the merchandise sold was $5,600. 15 Received credit from Dimas Discount Supply for merchandise returned $420. 19 Received collections in full, less discounts, from customers billed on sales of $7,700 on November 12. 20 Paid Dimas Discount Supply in full, less discount. 22 Received $3,220 cash for services performed in November. 25 Purchased equipment on account $7,000. 27 Purchased supplies on account $2,380. 28 Paid creditors $4,200 of accounts payable due. 29 Paid November rent $525. 29 Paid salaries $1,820. 29 Performed services on account and billed customers $980 for those services. 29 Received $945 from customers for services to be performed in the future.

Enter the November 1 balances in ledger T-accounts. 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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