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.)

Comprehensive Problem 5 (Part Level Submission) On December 1, 2017, Prosen Distributing Company had the following account balances. Debit Credit Accumulated Cash $7,500 Depreciation $2,640 -Equipment Accounts Accounts 4,600 Receivable Payable 4,900 Salaries and Inventory 12,400 Wages 1,000 Payable Common Supplies 1,400 30,000 Stock Retained Equipment 26,400 13,760 Earnings $52,300 $52,300 During December, the company completed the following summary transactions. Dec. 6 Paid $1,800 for salaries and wages due employees, of which $800 is for December and $1,000 is for November salaries and wages payable. 8 Received $1,900 cash from customers in payment of account (no discount allowed). 10 Sold merchandise for cash $6,800. The cost of the merchandise sold was $4,200. 13 Purchased merchandise on account from Maglio Co. $8,900, terms 2/10, n/30. 15 Purchased supplies for cash $1,800. 18 Sold merchandise on account $12,600, terms 3/10, n/30. The cost of the merchandise sold was $8,200. 20 Paid salaries and wages $1,500. 23 Paid Maglio Co. in full, less discount. 27 Received collections in full, less discounts, from customers billed on December 18. Journalize the December transactions using a perpetual inventory system. (Credit acco indent manually.) Credit Date Account Titles and Explanation Dec. 6 Salaries Debit 1000 Salaries 800 Cash 1800 Dec. 8 | Cash 1900 Account 1900 Dec. 10 V | Cash 6800 6800 Sales RC (To record sales revenue.) Dec. 10l Cost of G 42001 4200 Invento (To record cost of goods sold.) Dec. 13 V Inventor Account 8900 8900 1800 Dec. 15 v Supplies Cash 1800 Dec. 18 | Accounts 12600 12600 Sales RC (To record the sales revenue.) Dec. 18 vl Cost of 8200 8200 Invento (To record cost of goods sold.) Dec. 20 V | Salaries 1500 Cash 1500 Dec. 23 | Accounts 8900 Cash 8722 178 Invento Cash Dec. 27 12222 Sales Dis 378 Account 12600 Cash 12/1 Bal. V 7500|| 12/6 1800 1800 1500 8722 12/8 1900 || 12/15 12/10 6800|| 12/20 12/27 12222 | 12/23 12/31 Bal. V 14600 Accounts Receivable 12/1 Bal. 4600 || 12/8 12/18 12600|| 12/27 1900 378 12/31 Bal. 12222 2700 12/27 Inventory 12400|| 12/10 8900|| 12/18 4200 12/1 Bal. 12/13 8200 12/23 178 12/31 Bal. 8722 Supplies 1800 12/15 12/31 Bal. V 3200 Equipment 26400 12/1 Bal. 12/31 26400 Accumulated Depreciation-Equipment 12/31 Bal. 2640 Accounts Payable 12/23 178|| 12/1 Bal. 4900 12/23 8722 || 12/13 8900 12/31 4900 Salaries and Wages Payable 12/6 1000|| 12/31 Bal. V 1000 Common Stock 12/1 Bal. 30000 12/31 Bal. 30000 Retained Earnings 12/10 13760 Sales Revenue 6800 12/10 12/18 12600 12/31 19400 Sales Revenue 12/10 6800 12/18 12600 19400 12/31 Sales Discount 12/27 378 Cost of Goods Sold 4200 12/10 12/18 8200 12/31 12400 Salaries and Wages Expense 1500 III. 12/20 12/31 Bal. V 2300