1). Journalize the December transactions and adjusting entries, assuming Bonita Industries uses the perpetual inventory method. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

2.)Enter the December 1 balances in the ledger T-accounts and post the December transactions. (Post entries in the order of journal entries presented above.)

Please help! My debits are not equaling my credits!

Comprehensive Accounting Cycle Review 6 On December 1, 2017, Bonita Industries had the account balances shown below. Debits Credits Cash $5,080 Accumulated Depreciation-Equipment $1,480 Accounts Payable Accounts Receivable 3,620 2,730 Inventory (3,000 x $0.60) 9,400 1,800 Common Stock 22,500 Retained Earnings 19,390 Equipment $33,000 $33,000 The following transactions occurred during December. Dec. 3 Purchased 4,000 units of inventory on account at a cost of $0.73 per unit. 5 Sold 4,400 units of inventory on account for $0.90 per unit. (It sold 3,000 of the $0.60 units and 1,400 of the $0.73.) 7 Granted the December 5 customer $270 credit for 300 units of inventory returned costing $240. These units were returned to inventory. 17 Purchased 2,300 units of inventory for cash at $0.80 each 22 Sold 2,200 units of inventory on account for $0.90 per unit. (It sold 2,200 of the $0.73 units.) Adjustment data: 1. Accrued salaries and wages payable $350. 2. Depreciation on equipment $200 per month 3. Income tax expense was $220, to be paid next year