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De 12600 1300 22600 $ 47000 on Dec. 1, 2017, Devine Distributing Compony had the following accolind Balonces. Dobi Credit Cash $7200 Accumloted Deprecohen $3206 Accouns Reco 4,600 Accounts Payble 4506 Invento.4 Sclery & wages Pouble 1000 Supplies Common stock 1 Scoo Equipment Retoined Earrings (24300 $47006 During Dee the company complexed following then sections "Dec 6 Paid & 1600 for salaries due empolyees of which $600. is for December 8 & 1000 for November Salary Payble. 8. Recived & 1900 cash from customers in payment of account CNo Discount Allowed) 10 Sold merchandise for Cash $6300, the cost of the merchandise sold was $ uloo. 13. Purchased merchandise on account from Hecht Co. $9ooo! feams 2/10 2/3o. 15. Purchased Supplies for Cash $2000.. 18 Sold merchandise on account $12000, terms 3/10. 13o. The cost of the morehandise sold was $8000. Paid Solaries & 180o. 23 Paid Hecht Coin full less Discount 27 Received collections th full less Discoundrs from customers billed on December 18. 20 Adjustment Date Accaved salaries Poble $ 800. Depreciation $200 per month 3. Supplies on hand $ 15oo. 4. Income tax Due & unpaid at Dec. 31 is $200. 1 2 Journalize the December tronsactions using a Prepotual Inventory system. (6) Enter the December 1 Balance in the Ledger To accounts and post the Dec. transactions. use cost of goods sd. Depreciation Expense, Solanes 3 wages Expenses, Soles Revenvee Sales Discount, Supplies Ex pende, Income fox Expense, and Income taxes porble. Journalize and fast adusting entries, (d) Prepare an adjusted trial Bolonce. Prepare an income statement and a Retained earrings statement for December anda Classified Bolonce sheet at December 31