Adjustment data:1. Supplies on hand are valued at $4,480.2. Accrued salaries payable are $1,400.3. Depreciation for the month is $700.4. $1,820 of services related to the unearned service revenue has not been performed by month-end. On November 1, 2025, Kingbird Inc. had the following account balances. The company uses the perpetual inventory method.CashAccounts ReceivableSuppliesEquipment101112During November, the following summary transactions were completed.151920Nov. 8 Paid $9,940 for salaries due employees, of which $5,180 is for November and $4,760 is for October.Received $5,320 cash from customers in payment of account.Purchased merchandise on account from Dimas Discount Supply for $22,400, terms 2/10, n/30.Sold merchandise on account for $15,400, terms 2/10, n/30. The cost of the merchandise sold was $11,200.Received credit from Dimas Discount Supply for merchandise returned $850.Received collections in full, less discounts, from customers billed on sales of $15,400 on November 12.Paid Dimas Discount Supply in full, less discount.Received $6,440 cash for services performed in November.Purchased equipment on account $14,000.Purchased supplies on account $4,760.222527282929Debit29$25,200296,2722,40870,000$103,880Accumulated Depreciation-EquipmentAccounts PayableUnearned Service RevenueSalaries and Wages PayableCommon StockRetained EarningsCreditPaid creditors $8,400 of accounts payable due.Paid November rent $1,050.Paid salaries $3,640.$2,8009,52011,2004,76056,00019,600$103,880Performed services on account and billed customers $1,960 for those services.Received $1,890 from customers for services to be performed in the future. DividendsGross ProfitIncome Before Income TaxesIncome From OperationsNet Income / (Loss)Net SalesOperating ExpensesOther Operating Expenses and LossesOther Revenues and GainsRetained Earnings, November 1Retained Earnings, November 30RevenuesTotal Operating ExpensesTotal RevenuesSalesKINGBIRDIncome Statement$$Attempts: 0 of 2 used Submit Answerer. This part will be available when you complete the part above.--/11.11--/11.11

Name: Adjustment data:1. Supplies on hand are valued at $4,480.2. Accrued sa
Uploaded: 2024-03-20T06:32:37.000Z
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Description: Adjustment data:1. Supplies on hand are valued at $4,480.2. Accrued salaries payable are $1,400.3. Depreciation for the month is $700.4. $1,820 of services related to the unearned service revenue has not been performed by month-end. On November 1, 20