I need help with part (C) calculating the figures for supplies

Print by: Erica Burkett AC201:AC201DLS2A2020 Principles Financial Accounting / AC201 - Extra Credit Opportunity 2 (Chapter 5 Comprehensive Problem) *Comprehensive Accounting Cycle Review 5-1 (Part Level Submission) On December 1, 2017, Devine Distributing Company had the following account balances. Debit Credit Cash $7,100 Accumulated Depreciation-Equipment $2,380 Accounts Receivable 5,200 Accounts Payable 4,600 Inventory 12,400 Salaries and Wages Payable 1,200 Supplies 1,500 Common Stock 15,500 Equipment 23,800 Retained Earnings 26,320 $50,000 $50,000 During December, the company completed the following summary transactions. Dec. Paid $1,800 for salaries due employees, of which $600 is for December and $1,200 is for 6 November salaries payable. 8 Received $1,800 cash from customers in payment of account (no discount allowed). 10 Sold merchandise for cash $6,500. The cost of the merchandise sold was $3,900. 13 Purchased merchandise on account from Hecht Co. $9,400, terms 2/10, 1/30. 15 Purchased supplies for cash $1,800. 18 Sold merchandise on account $12,500, terms 3/10, n/30. The cost of the merchandise sold was $8,100. 20 Paid salaries $1,500. 23 Paid Hecht Co. in full, less discount. 27 Received collections in full, less discounts, from customers billed on December 18. *(a) Your answer is correct. Journalize the December transactions using a perpetual inventory system. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec 6 Salaries and Wages Expense 6000 Salaries and Wages Payable Dec. Cash Accounts Receivable Dec. 10 Cash Sales Revenue (To record the sales revenue.) Cost of Goods Solo Inventory (To record cost of goods sold.) Dec. 15 Inventory Accounts Payable Dec. 13 Supplies Case Dec. 16 Accounts Receivable Sales Revenue (To record the sales revenue.) Cost of Goods Solo Inventory (To record cost of goods sold.) Dec. 20 Salaries and Wages Expense 12500 81000 Dec. 2 Accounts Payable Cash Inventory Dec. 27 Cast Sales Discounts Accounts Receivable 12500 Attempts: 3 of 3 used *(b) Your answer is correct. 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.) Cash 12/1 Bal 12/1 Bal 2100 cze 160 12E 1800 12/13 1800 12/10 6500 12/20 4500 12/27 (2125 12/23 6212 12/31 Bal 13213 - 0 Accounts Receivable 12/1 Bal 5200 12/8 1800 12/18 12500 12/27 12500 12/31 Bal 3400 0 Inventory 12/1 Bal 12400 12/10 3900 12/13 9400 12/18 8100 0 12/23 188 12/31 Bal 862 0 Supplies 12/1 Bal 1500- 12/15 18000 Equipment 12/1 Bal. 238000 12/31 Bal. 238000 Accumulated Depreciation-Equipment . 0 12/1 Bal 2380 Accounts Payable 12/23 9400 12/1 Bal 4600 .O 12/13 9400 0 12/31 Bal 4600 Salaries and Wages Payable 12/8 1200 12/1 Bal 1200 Common Stock 17/1 Bal 15500 12/31 Bal 15500 Retained Earnings 0 12/1 Bal 26320 0 12/31 Bal 26320 Sales Revenue 012/105500 L2/LE (2500 - 12/31 Bal 19000 Sales Discounts 1223 20 12/31 Bal 7-O Cost of Goods Sold 12/10 39000 12/18 51000 12/31 Bal 12000 Salaries and Wages Expense 12 6000 12/20 15000 Attempts: 2 of 3 used "(c) Your answer is partially correct. Try again. Adjustment data: 1. Accrued salaries payable $500. 2. Depreciation $216 per month 3. Supplies on hand $1,500. 4. Income tax due and unpaid at December 31 is $180. Journalize the adjusting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit No. Account Titles and Explanation 1. Salaries and Wages Expense Salaries and Wages Payable 2. Depreciation Expense Accumulated Depreciation Equipment 3. Supplies Expense 1400 Supplies O 1400 4. Income Tax Expense Post the above adjusting entries. (Post entries in the order of journal entries presented above.) Cash 1.800 12/10 1,500 9.212 12/31 B 12/1 7,100 12/6 1,800 12/15 6,500 12/20 12.125 12/23 13,213 Accounts Receivable 5,200 12/8 12,500 12/27 3,400 Inventory 12,400 12/10 9,400 12/18 12/23 9,612 Supplies 1,800 12.500 12/18 12/31 BA 12/1 Bal 12/13 3.900 8,100 188 12/31 Bal 12/1 Bal 1,500 12/31 12/15 27 Bal Equipment 12/1 Bal 12/31 Bal 23,800 Accumulated Depreciation Equipment 12/1 Bal. 000 @ 2598 0231 12/31 Bal Accounts Payable 9,400 12/1 Bal 12/13 12/31 Salaries and Wages Payable 1,200 12/1 Bal 01251 4,600 9400 1.200 O 12/31 Income Taxes Payable 23 121 BD 15,500 15.500 26,320 26,320 6,500 12,500 19.000 12/1 Bal 12/31 Ball Retained Earnings 12/1 Bal 12/31 Sales Revenue 12/10 12/18 12/31 bal. Sales Discounts 375 375) Cost of Goods Sold 3,900 8,100 12,000 Depreciation Expense 216 12/27 12/31 Bal. 12/10 12/18 12/31 Bal 12/6 12/20 Salaries and Wages Expense 600 - 1,500 500 FOOD Supplies Expense oo 00 00 00 Olo 2 Bal Income Tax Expense 19 1212