Medical Supplies Inc. is a medical supplies who opened in 2018 a business selling medical upplies/products. The company imports products from around the world and sells to local business in Canada. On December 1, purchased $3,500 of hand sanitizer from Pure Medical Products Inc.; terms 3/10, s n/30, FOB shipping point. The appropriate party paid the shipping cost of $250. B On December 5, sold Masks costing 52,080 to Bay Company for a price of $1.600 with terms of 2/10. n./30. FOB shipping point. The appropriate party paid the shipping cost of $395. On December 6, received a cheque of 6500 from Canada Revenue Agency for the rent subsidy reducing the rent expense under Covid-19 Relief program. D On December 7, retumed $550 of inventory to Pure Medical Products Inc. due to an error in the December 1 order. E On December 10, paid Pure Medical Products Inc. for the purchase on December 1. On December 14, Bay Company returned $320 of inventory from the sale on December 5. The inventory had a cost of $125. F G On December 22, received the payment from Bay & Co. on the December 5 sale. On December 23, purchased S 4.200 of Oxygen Meter from Oxygen Trading; terms 2/10, n/30, FOB H shipping point. The appropriate party paid the shipping cost of $350. I On December 25, paid wages and salaries to staff amounting to $5,000. On December 26, received cheque from Canada Revenue Agency for Wage Subsidy amounting to $2,500. J K On December 31, received the payment of $40,000 as Loan from Govt of Canada under Canada Emergency Business Account L On December 31 Paid Rent of $8,000 to Oxford Properties, being the landlord. Required: 1. Record the journal entries for the month of December 2020