Garvey Companys trial balance as of December 1, 2015 was as follows:

	Debits			Credits
Cash	$	9,000
Accounts receivable		3,000
Equipment		48,000
Inventory		20,000
Accumulated DepreciationEquipment				$	18,000
Accounts payable					19,000
Common Stock					30,000
Retained earnings					13,000
Totals	$	80,000		$	80,0000

The following data are available to determine adjusting entries:

Paid 6,000 to for rent in December

Purchased supplies on account for 2000

Sold inventory that had cost 4,000 for 8,000 cash

Collected 1,000 of the accounts receivable

Paid 10,000 of the accounts payable

Sold inventory on account that had cost 7,000 for 15,000

At the end of the month, supplies that had cost 700 were on hand

Monthly depreciation expense for the equipment is 1000

Prepare the adjusting journal entires

Determine the December 31, 2015 account balances and prepare the month end adjusted trial balanced.

Prepare the income statement, balance sheet, and retained earnings statement for month ended December 31, 2015.