CPS On December 1. 20i5. Prosen Distributing Company had the following account balances. Debit Credit Cash $ 7.200 Accumulated Depreciation Accounts Receivable 4.600 Equipment $ 2.200 Inventory 12.000 Accounts Payable 4.500 Supplies 1.200 Salaries and Wages Payable 1.000 Equipment 22.000 Common Stock 30.000 $47,000 Retained Earnings 9.300 $41000 During December. the company completed the following summary transactions. 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. 3 Received $1.900 cash 'om customs in paymentof aeomnt (no discmmt allowed). 10 Sold merchandise for cash $6.300. The cost of the merchandise sold was $4,100. 13 Purchased merchandise on account from Maglio Co. $9,000. terms 2.00. M30. 15 Purchased supplies for cash $2.000. 18 Sold merchandise on account $12,000. terms 3n" 10, r030. The cost of the merchandise sold was $3,000. 20 Paid saJaries and wages $1.300. 23 Paid Maglio Co. in Full. less discount. 2'? Received collections in full. less discounts. from customers b'Jed on December 18. Adjustment data: 1. Accrued salaries and wages payable $300. 2. Depreciation $200 per month. 3. Supplies on hand $1,500. (a] Journalize the December transactions using a perpetual inventory system. (d) Prepare an adjusted trial balance. (d) Totals $65,300 (e} Prepare an income statement and a retained earnings statement for December and a classi 5g balance sheet at December 31. {e} Net income 5740