Debits Credits Cash $ 19,400 $3,390 Accumulated Depreciation-Equipment 2,230 Notes Receivable 6,000 Accounts Payable 7,350 Accounts Receivable 48,200 Common Stock Inventory 16,800 18,380 Retained Earnings Prepaid Insurance 1,690 Equipment 28,500 $ 75,970 $75,970 During December, the company completed the following transactions. Det. 7 Received $3,730 cash from customers in payment of account (no discount allowed). 12 Purchased merchandise on account from Green Co. $ 12,700, terms 1/10, n/30. 17 Sold merchandise on account $ 16,300, terms 2/10, n/30. The cost of the merchandise sold was $ 10,100. 19 Paid salaries $ 1,830. 22 Paid Green Co. in full, less discount. 26 Received collections in full, less discounts, from customers billed on December 17. 31 Received $2,640 cash from customers in payment of account (no discount allowed). () Enter the December i belance in the ledger T accounts and post the December transactions. Posters in the order of journal entreprenad above) Cash Notes Receivable Accounts Receivable Inventory Accumulates Depredation Equipment > Accounts Payable Common Stock Retained Earnings Sales Revenue SALG Discounts Cost of Goods Sold Salaries und Wege Depende