1. Acerued salaries pryable $700 2. Depreciation $200 per month. 3. Supplies on hand $1,500. 4. Income tax due and unpaid at December 31 is $100. On December 1, 2025, Sheridan Distributing Company had the following account balances. During December, the company completed the following summary transactions. Dec. 6 Paid $1,600 for salaries due employees, of which $600 is for December and $1,000 is for November salaries payable. 8 Received $1,900 cash from customers in payment of account (no discount allowed). 10 Sold merchandise for cash $7,000. The cost of the merchandise sold was $5,100. 13 Purchased merchandise on account from Hecht Co. $9,400, terms 2/10,n/30. 15 Purchased supplies for cash $2,000. 18 Sold merchandise on account $14,100, terms 3/10,n/30. The cost of the merchandise sold was $9,300. 20 Paid salaries $2,700. 23 Paid Hecht Co. in full, less discount. 27 Received collections in full, less discounts, from customers billed on December 18. \begin{tabular}{lr|ll} \multicolumn{4}{c}{ Cash } \\ \hline 12/1 Bal. & 7,900 & 12/6 & 1,600 \\ 12/8 & 1,900 & 12/15 & 2,000 \\ 12/10 & 7,000 & 12/20 & 2,700 \\ 12/27 & 13,677 & 12/23 & 9,212 \\ \hline 12/31 Bal. & 14,965 & & \end{tabular} \begin{tabular}{lr|lr} \multicolumn{4}{c}{ Accounts Receivable } \\ \hline 12/1Bal. & 5,300 & 12/8 & 1,900 \\ 12/18 & 14,100 & 12/27 & 14,100 \\ \hline 12/31Bal & 3,400 & & \end{tabular} \begin{tabular}{lr|rr} \multicolumn{4}{c}{ Imventory } \\ \hline 12/1 Bal. & 12,700 & 12/10 & 5,100 \\ 12/13 & 9,400 & 12/19 & 9,300 \\ & & 12/23 & 189 \\ \hline 12/31Bal. & 7,512 & & \end{tabular}