Medical Supplies Inc. is a medical supplies who opened in U18 a business selling medical supplies/products. The company imports products from around the world and sells to local business in Canada. A B C D E F On December 3. purchased $5,300 of hand sanitizer from Pure Medical Products Inc.; terms 3/10, n/30, FOB shipping point. The appropriate party paid the shipping cost of $350 On December 4, sold Masks costing $2,100 to Bay Company for a price of $1,970 with terms of 2/10, n/30, FOB shipping point. The appropriate party paid the shipping cost of $275. On December 7, received a cheque of $7,800 from Canada Revenue Agency for the rent subsidy reducing the rent expense under Cavid-19 Relief program. On December 9. returned $650 of inventory to Pure Medical Products Inc. due to an error in the December 3 order. On December 11, paid Pure Medical Products Inc. for the purchase on December 3. On December 15, Bay Company returned $470 of inventory from the sale on December 4. The inventory had a cost of $170. G H J K L On December 21, received the payment from Bay & Co. on the December 4 sale. On December 25, purchased $5,350 of Oxygen Meter from Oxygen Trading; terms 2/10, n/30, FOB shipping point. The appropriate party paid the shipping cost of $275. On December 27, paid wages and salaries to staff amounting to $7,200. On December 28, received cheque from Canada Revenue Agency for Wage Subsidy amounting to $3,500. On December 31, received the payment of $60,000 as Loan from Govt of Canada under Canada Emergency Business Account. On December 31 Paid Rent of $9,500 to Oxford Properties, being the landlord. Required: 1. Record the journal entries for the month of December 2020 + 3 4 Medical Supplies Inc. is a medical supplies who opened in ZU18 a business selling medical supplies/products. The company imports products from around the world and sells to local business in Canada. A B C D E F On December 3, purchased $5,300 of hand sanitizer from Pure Medical Products Inc.; terms 3/10, n/30, FOB shipping point. The appropriate party paid the shipping cost of $350 On December 4, sold Masks costing $2,100 to Bay Company for a price of $1,970 with terms of 2/10, n/30, FOBshipping point. The appropriate party paid the shipping cost of $275. On December 7, received a cheque of $7,800 from Canada Revenue Agency for the rent subsidy reducing the rent expense under Covid-19 Relief program. On December 3, returned $650 of inventory to Pure Medical Products Inc. due to an error in the December 3 order. On December 11, paid Pure Medical Products Inc. for the purchase on December 3. On December 15, Bay Company returned $470 of inventory from the sale on December 4. The inventory had a cost of $170. G On December 21, received the payment from Bay & Co. on the December 4 sale. H On December 25, purchased $5,350 of Oxygen Meter from Oxygen Trading: terms 2/10, n/30, FOB shipping point. The appropriate party paid the shipping cost of $275. On December 27, paid wages and salaries to staff amounting to $7,200. On December 28, received cheque from Canada Revenue Agency for Wage Subsidy amounting to $3,500. K On December 31, received the payment of $60,000 as Loan from Govt of Canada under Canada Emergency Business Account. On December 31 Paid Rent of $9,500 to Oxford Properties, being the landlord. + L Required: 1. Record the journal entries for the month of December 2020