On December 1, 2022, Rodriguez Distributing Company had the following account balances.

During December, the company completed the following summary transactions.Dec. 6 Paid $1,600 for salaries and wages due employees, of which $600 is for December and $1,000 is for November salaries and wages payable.8 Received $2,200 cash from customers in payment of account (no discount allowed).10 Sold merchandise for cash $6,300. The cost of the merchandise sold was $4,100.13 Purchased merchandise on account from Boehm Co. $9,000, terms 2/10, n/30.15 Purchased supplies for cash $2,000.18 Sold merchandise on account $15,000, terms 3/10, n/30. The cost of the merchandise sold was $10,000.20 Paid salaries and wages $1,800.23 Paid Boehm Co. in full, less discount.27 Received collections in full, less discounts, from customers billed on December 18.

Adjustment data:1. Salaries and wages incurred but not yet paid $840.2. Depreciation $200 per month.3. Supplies on hand $1,500.

Instructionsa. Journalize the December transactions using a perpetual inventory system.b. Enter the December 1 balances in the ledger T-accounts and post the December transactions.Use Sales Revenue, Sales Discounts, Cost of Goods Sold, Depreciation Expense, Salaries and Wages Expense, and Supplies Expense.c. Journalize and post adjusting entries.d. Prepare an adjusted trial balance.e. Prepare a multiple-step income statement for the month ended December 31, 2022.f. Prepare an owner’s equity statement for the month ended December 31, 2022.g. Prepare a balance sheet as of December 31, 2022.