5) The following transactions pertain to Home Office Company for the month ended December 31, 2020. Home Office uses a perpetual inventory system December 1 Sales $100,000 (25% were cash sales) and 5% of the sales are expected to be returned, Cost of the mechanize was $50,000 December 3 Purchased $10,000 of supplies on terms 2/10, N/30. December 5 Paid the telephone invoice of $4,000 which was accrued in the prior month. December 15 Paid for the supplies purchased on December 3 December 29 Record the depreciation expense for the month on the display equipment that had a value of $120,000 and a useful life of 5 years. December 31 Paid salaries of $32,000 Prepare journal entries to record these transaction for the month of December (12)