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Account Debit Account Credit Cash $7,200 Accu. Depn., Equipment $2,200 Accounts Receivable 4,600 Accounts Payable 4,500 Inventory 12,000 Salaries & Wages Payable 1,000 Supplies 1,200

Account

Debit

Account

Credit

Cash

$7,200

Accu. Depn., Equipment

$2,200

Accounts Receivable

4,600

Accounts Payable

4,500

Inventory

12,000

Salaries & Wages Payable

1,000

Supplies

1,200

Owner's Capital

39,300

Equipment

22,000

Total

$47,000

Total

$47,000

During December, the company completed the following transactions. All end-of-the month adjusting entries were made on November 30, 2014.

Dec. 6

Paid $1,600 for salaries and wages due employees, of which $600 is for December and $1,000 is for November salaries and wages payable.

Dec. 8

Received $1,900 cash from customers in payment of account (no discount allowed).

Dec. 10

Sold merchandise for cash $6,300. The cost of the merchandise sold was $4,100.

Dec. 13

Purchased merchandise on account from Flim Co. $9,000, terms 2/10, n/30.

Dec. 15

Purchased supplies for cash $2,000.

Dec. 18

Sold merchandise on account $12,000, terms 3/10, n/30. The cost of the merchandise sold was $8,000.

Dec. 20

Paid salaries and wages $1,800.

Dec. 23

Paid Flim Co. in full, less discount.

Dec. 27

Received collections in full, less discounts, from customers billed on December 18.

December adjusting entry data:

1. Accrued salaries and wages payable $800.

2. Depreciation $200 per month.

3. Supplies on hand $1,500

Prepare in journal form, without explanations, the December adjusting entries.

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