12600 $ 47000 . . on Dee 1.267. Derme Distributing Company hed the following account Balonces Debe, Credit Cash. $7260 Accumlelej. Depreceren $ 3706 Accouns Rec. 4,600 Accounts Payble 4506 Invento Sclery & wages Payble 1000 Supplies 1300 Common stock 1 Saco Equipment 22600 Retoined Earnings (24360 541066 During Dee the company completed following the sections "Dec 6 Paid & 1600 for Salonies due empolyces of which $600 . is for December 8 & 1000 for November Salary Payble. 8. Recived & 1900 cash from customers in payment of account CNo Discound Allowed) 10 Sold merchandise for Cash $6300. The cast of the merchandise sold was $uloo. 13. Purchased merchandise on account from Hecht Co. $9ooo Feams 2/16, 2130 Purchased Supplies for Cash & 2000. 18 Sold merchandise on account $12000, terms 3lio. 13o. The cost of the more hands's sold was $8000. 20 Paid Solonics & 180o. 23 Paid Hecht Coin full less Discount. 27 Received collections to full less Discounts from customers billed on December 18. IS 1 Adjustment Date Accaved solaries Pouble $ 800. Depreciation $200 per month 3. Supplies on hand $ isoo. 4. Income tax Due & unpaid at Dec. 31 is $200 2 Journalize the December tronsactions us actions usinga Prepotual Inventory system. (6) Enter the December 1 Balance in the Ledger To accounts and post the Dec. transactions. use cost of goods sd. Depreciation Expense, Salasies 3 wages Expenses, Soles Revenue. Soles Discount, Supplies & pende, Income fox Expense, and Income taxes pooble. c) Journalize and fast adjusting entries (d) Prepare an adjusted trial Bolonce e) Buepaste an income shode ment and a Retalked earrings statement for December and a Clasifted Balance sheet at December 31