During the month, the following transactions occurred for Trevors Supply Company. The company uses the perpetual inventory method.

Dec. 1	Accepted a 4-month, 6% note from a customer in settlement of $12,400 account.
3	Wrote off as uncollectible specific accounts totaling $680.
8	Purchased $17,200 of inventory on account, terms 2/10, n/30.
11	Sold $25,000 of inventory that cost $17,500, terms 1/15, n/45.
12	Paid $13,750 for employee salaries.
15	Customers returned $8,000 of inventory sold on December 11th that cost $5,200.
17	Collected the balance due from the December 11th sale.
18	Paid the balance due on the December 8th purchase.
24	Received $370 on an account previously written off.
27	Purchased advertising supplies for $1,300 on account.
31	Paid freight on inventory sold, $3,218.

(b) Post to the T accounts. Beginning balances are already shown.

General Ledger to be used for Parts B and D
Cash			Accounts Receivable			Allowance for Doubtful Accounts
57,700			21,650			1,500
Notes Receivable			Interest Receivable			Inventory
						98,976
Advertising Supplies			Accounts Payable			Common Stock
1,430				7,900				85,000
Retained Earnings			Interest Income			Sales
	60,641			14,960				585,200
Sales Discounts			Sales Returns and Allowances			Advertising Supplies Expense
17,800			26,400
Bad Debt Expense			Cost of Goods Sold			Freight-Out
			357,345			10,500
Income Tax Expense			Interest Expense			Salary Expense
			3,600			156,800