Comprehensive Problem 6 (Part Level Submission) On December 1, 2014, Seattle Company had the account balances shown below Debits Credits $1,430 2,880 20,800 ,632 $32,742 6,490 Equipti 3,800 Accounts Payable 1,952 Common Stock Cash $6,490 Accumulated Depreciation- Equipment Accounts Receivable Inventory (3,200 x $0.61) Equipment 20,500 Retained Earnings $32,742 The following transactions occurred during December Dec. 3 Purchased 4,400 units of inventory on account at a cost of $0.66 per unit. 5 Sold 4,800 units of inventory on account for $0.89 per unit. (It sold 3,200 of the $0.61 units and 1,600 of the $0.66.) 7 Granted the December 5 customer 267 credit for 300 units of inventory returned costing $110. These units were returned to inventory. 17 Purchased 2,400 units of inventory for cash at $0.82 each 22 Sold 2,300 units of inventory on account for $0.97 per unit. (It sold 2,300 of the $0.66 units.) Adjustment data: 1. Accrued salaries and wages payable $350 2. Depreciation on equipment $110 per month