2 A B Debit 15,200.00 B Cash 4Accounts Receivable 5 Note Receivable 5 Inventory 7 Supplies B Prepaid Rent Equipment 0 C 6,750.00 Accumulated Depreciation-Equipment 5,500.00 Accounts Payable 13,150.00 Unearned Service Revenue 2,350.00 Salaries and Wages Payable 14,400.00 Common Stock 75,000.00 Retained Earnings 132,350.00 1 During December, the company completed the following transactions. 2 Dec. 3 456789012345678 5 Adjustment data: D E F G H J K L M Credit 15,000.00 7,750.00 2,400.00 2,200.00 60,000.00 45,000.00 132,350.00 6 Paid $3700 for salaries and wages due employees, of which $2,200 was accrued in November to salaries and wages payable and rest is December's expense. 7 $600 of defective merchandise was returned from a November 30, 2022 sale on account 8 Received $3,000 cash from customers in payment of account (no discount allowed). 10 Sold merchandise for cash $10,200. The cost of the merchandise sold was $5,800. (2 entries required) 13 Purchased merchandise on account from Hecht Co. $5,300, terms 2/10, n/30. 15 Purchased supplies for cash $2,600.00 18 Sold merchandise on account $18,500, terms 3/10, n/30. The cost of the merchandise sold was $9,900. 20 Paid salaries and wages $3,600. 21 Paid $2,880 in advance for next year's annual insurance 23 Paid Hecht Co. in full, less discount. 27 Received collections in full, less discounts, from customers billed on December 18. 28 Received $2,000 from customers for services to be preformed in the future 29 Purchase Equipment on account for $18,000 6 1. Accrued salaries and wages payable were $1,100 at the end of December. 7 2. Depreciation was $1025 per month. 8 3. Supplies on hand were $1,250 94. One month of interest income should be recorded on the $5,500 Note Receivable at an APR of 6% (round up to nearest dollar) 05. Services were preformed to satisfy $1900 of the unearned revenue 16. December's prepaid rent has been used (annual amount was $14,400 as recorded in Prepaid Rent). 2 Create Journal entries, Adjusting Entries and the T Accounts for this problem Problem General Journal Ready Accessibility: Investigate T Accounts Trial Balance Adjusting Entries Financial Statements Post Closing Entries Ratio Computations + New sheet E