500 640 90 300 College Coasters is a San Diego-based merchandiser specializing in logo-adorned drink coasters. The company reported the following balances in its unadjusted trial balance at December 1 Cash $ 9,400 Accounts Receivable 1,980 Inventory Prepaid Rent 560 Equipment Accumulated Depreciation Accounts Payable 1,400 Salaries and Wages Payable Income Taxes Payable Common Stock 5,900 Retained Earnings 2,700 Sales Revenue 15,500 Cost of Goods Sold Rent Expense 990 Salaries and Wages Expense 1,800 Depreciation Expense 90 Income Tax Expense Office Expense 1.200 The company buys coasters from one supplier. All amounts in Accounts Payable on December 1 are owed to that supplier. The Inventory on December 1 consisted of 1,000 coasters, all of which were purchased in a batch on July 10 at a unit cost of $0,50 College Coasters records its inventory using perpetual Inventory accounts and the FIFO cost flow method During December, the company entered into the following transactions Some of these transactions are explained in greater detail below 8,810