Enter the December 1 balances in the Ledger T-Accounts and post the December transactions. Post entries in the order of journal entries presented above

F7 F8 F95 F10 F11 F12 @ Print *Comprehensive Accounting Cycle Review 6 On December 1, 2017, Oriole Company had the account balances shown below. Cash Accounts Receivable Inventory (2,800 x $0.60) Equipment Debits $4,390 4,220 1,680 19,300 $29,590 Accumulated Depreciation-Equipment Accounts Payable Common Stock Retained Earnings Credits $1,620 3,250 10,300 14,420 $29,590 The following transactions occurred during December. Dec. 3 Purchased 3,800 units of inventory on account at a cost of $0.72 per unit. 2136 5 Sold 4,200 units of inventory on account for $1.00 per unit. (It sold 2,800 of the $0.60 units and 1,400 of the $0.72.) 7 Granted the December 5 customer $200 credit for 200 units of inventory returned costing $170. These units were returned to inventory. 17 Purchased 2,200 units of inventory for cash at $0.80 each. Ch o 22 Sold 2,000 units of inventory on account for $0.87 per unit. (It sold 2,000 of the $0.72 units.) Adjustment data: 1. Accrued salaries and wages payable $410. 2. Depreciation on equipment $190 per month 3. Income tax expense was $200, to be paid next year. Journalize the December transactions and adjusting entries, assuming Oriole Company uses the perpetual inventory method. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Dehit Credit Credit date Dec. 3 Account Title and Explanation Inventory Accounts Payable (being inventory purchased) 2736 Dec. 5 Accounts Receivable Sales Revenue (to record sales revenue) 4200 Dec. 5 Cost of Goods Sold Inventory (to record cost of goods sold) Dec. 7 Sales Return and Allowances Accounts Receivable (to record sales return) Dec. 7 Inventory Cost of Goods Sold (to record cost of goods sold for sales return Dec. 17 Inventory Accounts Payable (being inventory purchased) 1760 Dec.22 Accounts Receivable Sales Revenue (to record sales revenue) 1740 Dec 22 Cost of Goods Sold Inventory (to record cost of goods sold) 1440 Dec.31 Salaries Expense Saalries and Wages payable (to record accrued expense) Dec.31 Depreciation expense Accumlated Depreciation Equipment (to record depreciation) Dec. 31 Income tax expense Income tax payable (to record income tax expense) Hit like if satisfied with the solution, else feel free to ask query in comment box. JON s presented above. ) Cash Accounts Receivable Inventor Equipment Accounts Payable Accumulated Depreciation-Equipment Salaries and Wages Payable Common Stock Income Taxes Payable Retained Earnings Sales Revenue Salaries and Wages Expense