Help with part B

On December 1, 2014, Boline Distributing Company had the following account balances. Debit Credit $7,200 Accumulated Depreciation-Equipment $2,200 Cash Accounts Receivable 4,600 Accounts Payable 4,500 12,000 Salaries and Wages Payable 1,000 Inventory Supplies 1,200 Common Stock 15,000 22,000 Retained Earnings 24,300 Equipment $47,000 $47,000 During December, the company completed the following summary transactions. Paid $1,600 for salaries due employees, of which $600 is for December and $1,000 is for November salaries payable. Dec. 6 8 Received $1,900 cash from customers in payment of account (no discount allowed) 10 Sold merchandise for cash $6,300. The cost of the merchandise sold was $4,100. 13 Purchased merchandise on account from Gong Co. $9,000, terms 2/10, n/30. 15 Purchased supplies for cash $2,000. 18 Sold merchandise on account $12,000, terms 3/10, n/30. The cost of the merchandise sold was $8,000. 20 Paid salaries $1,800. 23 Paid Gong Co. in full, less discount. 27 Received collections in full, less discounts, from customers billed on December 18