Mitchell Companys trial balance at November 30^th, 2016, is presented below. All 2016 transactions have been recorded except for the items described below as unrecorded transactions.

	Debit	Credit
Cash	28,000
Accounts Receivable	36,800
Allowance for Doubtful Accounts		500
Notes Receivable (due in 2017)	10,000
Inventory	36,200
Prepaid Insurance	3,600
Land	20,000
Buildings	150,000
Accumulated Depreciation, Building		50,000
Equipment	60,000
Accumulated Depreciation, Equipment		24,000
Accounts Payable		27,300
Unearned Rent Revenue		6,000
Notes Payable (due in 2017)		11,000
Notes Payable (due in 2029)		35,000
Common Stock, no par		50,000
Retained Earnings		63,600
Dividends	21,000
Sales Revenue		900,000
Cost of Goods Sold	630,000
Salaries and Wages Expense	110,000
General Expenses	61,800
Total	1,167,400	1,167,400

Make journal entries for the following unrecorded transactions:

1. On May 1, 2016, Mitchell made a cash purchase of equipment for $13,200 plus sales taxes of $600.

2.On July 1, 2016, Mitchell sold for $3,500 cash equipment which originally cost $5,000. Accumulated depreciation on this equipment at January 1, 2016, was $1,800. This equipment had been depreciated using the straight-line method assuming a residual value of $500 and a useful life of 5 years.

3.December transactions:

a. Dec 8, received $18,700 from customers in payment on their accounts (no discount is applicable).

b.Dec 10, sold merchandise for cash $9,450. The cost of the merchandise sold is $5,670.

c.Dec 14, purchased merchandise on account from Elizabeth Company, $16,000, terms 2/10,n/30.

d.Dec 15, purchased supplies for cash $500.

e.Dec 16, returned merchandise to Elizabeth Company, $1,000.

f.Dec 17, sold merchandise on account to Perry Company $13,400, terms 3/15, n/30. The cost of the merchandise was $8,040.

g.Dec 19, Paid $9,000 for wages due employees.

h.Dec 22, paid Elizabeth Company.

i.Dec 23, wrote off an uncollectible account in the amount of $600.

j.Dec 29, received payment from Perry Company.

4.Dec 31, Mitchell aged its accounts receivable and estimated that uncollectible accounts will be $4,000.

5.Dec 31, The note receivable is a one-year, 8% note dated April 1, 2016. No interest accrual has been recorded.

6.Dec 31, The balance in prepaid insurance represents payment of a $3,600, 6-month premium paid on September 1, 2016.

7.Dec 31, The building is being depreciated using the straight-line method over 30 years. The residual value is $30,000.

8.Dec 31, The equipment owned prior to this year (2016) is being depreciated using the straight-line method over 5 years and the residual value is 10% of cost.

9.Dec 31, The equipment purchased on May 1, 2016, is being depreciated using the straight-line method over 5 years with a residual value of $0.

10.Dec 31, Unpaid salaries and wages at December 31, 2016, total $4,000.

11.Dec 31, The unearned rent revenue of $6,000 was received on December 1, 2016, for 3 months rent. Mitchell began renting an unused portion of their building to a tenant on that date.

12.Dec 31, Both the current and long-term notes payable are dated March 1, 2016, and carry a 6% interest rate. No interest accrual has been recorded.