Current Attempt in Progress On December 1, 2020, Bramble Company had the following account balances. Accumulated Depreciation Equipment Accounts Payable Owner's Capital Cash Notes Receivable Accounts Receivable Inventory Prepaid Insurance Equipment Debit $18,100 2,000 8,000 16,000 1,700 28,700 $74,500 Credit $3,100 6,000 65,400 $74,500 During December, the company completed the following transactions. Dec. 7 12 17 19 22 Received $3,500 cash from customers in payment of account (no discount allowed). Purchased merchandise on account from Vance Co. $12,200, terms 1/10,n/30. Sold merchandise on account $16,200, terms 2/10,n/30. The cost of the merchandise sold was $9,700. Paid salaries $2,200. Paid Vance Co. in full, less discount. Received collections in full, less discounts, from customers billed on December 17. Received $2,600 cash from customers in payment of account (no discount allowed). 26 31 Adjustment data: 1. Depreciation $200 per month. Insurance expired $390. 2. Journalize the December transactions. (Assume a perpetual inventory system. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit (To record sales) (To record cost of goods sold) Dec. 26