Enter the December 1 balances in the ledger T-accounts and post the December transactions. In addition to the accounts mentioned above, use the following additional accounts: Cost of Goods Sold, Depreciation Expense, Salaries and Wages Expense, Salaries and Wages Payable, Sales Revenue, and Sales Returns and Allowances. (Post entries in the order of journal entries presented above.)

Cash

Accounts Receivable

Inventory

Equipment

Accumulated DepreciationEquipment

Accounts Payable

Salaries and Wages Payable

Common Stock

Retained Earnings

Sales Revenue

Sales Returns & Allowances

Cost of Goods Sold

Salaries and Wages Expense

Depreciation Expense

Comprehensive Problem 6 a-c, d1-d2, e-f (Part Level Submission) On December 1, 2020, Matthias Company had the account balances shown below. Cash Accounts Receivable Inventory Equipment Debit 54,800 4,200 1,680 21,800 $32,480 Accumulated Depreciation Equipment Accounts Payable Common Stock Retained Earnings Credit $1,500 3,000 19,700 8,280 $32,480 *(2,800 x 50.50) The following transactions occurred during December. Dec. 3 Purchased 4,000 units of inventory on account at a cost of $0.67 per unit. 5 Sold 4,100 units of inventory on account for $0.90 per unit. (Matthias sold 2,800 of the $0.50 units and 1,300 of the 50.67.) 7 Granted the December 5 customer $270 credit for 300 units of inventory returned costing $180. These units were returned to inventory. 17 Purchased 2.100 units of inventory for cash at $0.80 each. 22 Sold 2,300 units of inventory on account for $0.95 per unit. (Matthias sold 2,300 of the $0.57 units.) Adjustment data: 1. Accrued salaries payable $380. 2. Depreciation $190 per month