Okay this is a multiple-part question:

a)Journalize the December transactions using a perpetual inventory system.

b)Enter the December 1 balances in the ledger T-accounts and post the December transactions.

c)Journalize and post adjusting entries.

d) Prepare an adjusted trial balance.

e)Prepare an income statement and a retained earnings statement for December and a classified statement sheet at December 31.

Comprehensive Accounting Cycle Review 05 a-d, el-e3 (Part Level Submission) On December 1, 2020, Marigold Corp. had the following account balances. Cash Accounts Receivable Inventory Supplies Equipment Debit $7,600 5,200 12,500 1,500 25,300 $52,100 Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Common Stock Retained Earnings Credit $2,530 4,500 1,200 30,000 13,870 $52,100 During December, the company completed the following summary transactions. Dec. 6 8 10 13 15 18 20 23 27 Paid $1,750 for salaries and wages due employees, of which $550 is for December and $1,200 is for November salaries and wages payable. Received $1,800 cash from customers in payment of account (no discount allowed). Sold merchandise for cash $6,900. The cost of the merchandise sold was $3,800. Purchased merchandise on account from Maglio Co. $8,900, terms 2/10, n/30. Purchased supplies for cash $1,700. Sold merchandise on account $12,800, terms 3/10, n/30. The cost of the merchandise sold was $8,100. Paid salaries and wages $1,900. Paid Maglio Co. in full, less discount. Received collections in full, less discounts, from customers billed on December 18