Donald Reagan Consulting Company had the following transactions completed during the month of December.

Note: You must determine the cost of the goods based on a Perpetual, FIFO inventory system. DR began the month with $2,139$ units of inventory that had the following purchase dates, costs, and units:

$*$ November $20,$ $$11\mathrm{.}99/$unit$,129$ units

$*$ November $30,$ $$12\mathrm{.}08/$unit$,2010$ units

Using the following transactions, record journal entries for The DR Consulting Company.

December $1$ The company declared a cash dividend of $$3,000$ to stockholders' of record on December $16.$ The cash dividend will be paid on December $30.$

December $3$ The company sold equipment that had an original cost of $$20,500$ with accumulated depreciation of $$15,000.$ DR received $$1,000$ of cash and signed a note receivable for $$3,200.$

December $5$ DR purchased $1,000$ units of inventory for $$12\mathrm{.}10$ per unit with terms $2/5,$ n$/20.$

December $7$ DR sold $1,110$ of the units in inventory for $$23\mathrm{.}00$ per unit to Todd Red's with terms $1/10,$ n$/30.($You must determine the cost of the goods based on a Perpetual, FIFO inventory system.$)$

December $8$ The shipping cost for the inventory purchase of December $5,$ was $$186$ with terms FOB Destination.

December $9$ The company paid $$3,350$ of salaries that were accrued from the prior month.

December $10$ The shipping cost for the inventory sold on December $7,$ was $$167$ with terms FOB Destination.

December $11$ The company purchased $$8,580$ of additional equipment by making a $25\%$ down$-$payment and signing a $1-$year, $8\%,$ note payable for the remaining balance with payments of $1/12$ of the principal and any accrued interest due the end of each month.

December $12$ Todd Red's returned $50$ of the units DR sold to Red's on December $7.($Note: the units were unopened, so they can be put back into inventory and sold to another customer.$)$

December $13$ The company paid $$1,400$ cash for this month$$s utilities.

December $15$ DR purchased $1,400$ units of inventory for $$12\mathrm{.}00$ per unit with terms $2/5,$ n$/20.$

December $16$ DR$\text{'}$s recorded the stockholders' of record for the cash dividend declared December $1.$

December $17$ DR received a check from Todd Red's for the inventory that was sold on December $7.$

December $18$ DR returned $100$ units of the December $15$ purchase because the units were defective.

December $19$ DR paid for regular periodic maintenance done on equipment totaling $$655.$

December $20$ DR paid for the inventory that was purchased on December $15.$

December $21$ DR paid for the inventory that was purchased on December $5.$

December $23$ The company paid $$3,800$ cash salary to an assistant.

December $26$ DR sold $2,148$ of the units in inventory for $$23\mathrm{.}00$ per unit to Gary Cardinal with terms $1/10,$ n$/30.($You must determine the cost of the goods based on a Perpetual, FIFO inventory system.$)$

December $30$ The company paid cash dividends of $$3,000$ to stockholders' of record as of December $16,$ that were declared December $1.$

December $31$ DR made a monthly payment on the note payable from December $11$th$.$ The note payable has an interest rate of $8\%.($Note: $20$ days of interest has occurred since the note was initiated$)$

Record the journal entries for each of the above transactions. If no journal needs to be made, input: