1 No Date Dec 01 Retained earnings Dividends payable 2 Dec 03 Cash Account Title Accumulated depreciation-Equipment Equipment Notes receivable 3 Dec 05 Inventory Accounts payable 4 Dec 07 Accounts receivable Sales 5 Dec 07 Cost of goods sold Inventory 6 Dec 08 No transaction needed 7 Dec 09 Salaries expense Salaries payable 8 Dec 10 Freight-out Accounts payable 9 Dec 11 Equipment Cash 10 Dec 12 Accounts payable Sales returns & allowances Accounts receivable 11 Dec 12 Inventory Cost of goods sold 12 Dec 13 Utilities expense Cash 13 Dec 15 Inventory Accounts payable 14 Dec 16 No transaction needed 15 Dec 17 Cash Accounts receivable 16 Dec 18 Cash 17 Dec 19 18 Dec 20 19 Dec 21 20 Dec 23 21 Dec 26 22 Dec 26 23 Dec 30 24 Dec 31 Inventory Maintenance expense Cash Accounts payable Cash Accounts payable Cash Salaries expense Cash Accounts receivable Sales Cost of goods sold Inventory Dividends payable Cash Interest expense Notes payable Cash 00 0000 00 00 00 000 00 000 0000 Debit 2,600 1,000 15,000 Credit 2,600 19,800 3,200 12,100 12,100 25,530 25,530 14,955.51x 14,955.51 0 0 0 0 0 00 00 3,350 3,350 167.00 167.00 8,580 2,145 6,435 1,150 1,150 604 1,220 15,756.00 24,380.00 x 00 00 00 00 00 000 604 1,220 15,756.00 x 24,380.00 1,200.00 1,200.00 680 680 15,756.00 x 15,756.00 x 12,100 12,100 3,120 3,120 49,404 49,404 2,530.59 x 2,530.50 2,600 2,600 108.28 2,409.68x 2,600.00