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On December 1 , 2 0 2 2 , Divine Distributing Company had the following account balances. Debit Credit Cash 1 5 , 2 0

On December 1,2022, Divine Distributing Company had the following account balances.
Debit Credit
Cash 15,200.00
Accounts Receivable 6,750.00 Accumulated DepreciationEquipment 15,000.00
Note Receivable 5,500.00 Accounts Payable 7,750.00
Inventory 13,150.00 Unearned Service Revenue 2,400.00
Supplies 2,350.00 Salaries and Wages Payable 2,200.00
Prepaid Rent 14,400.00 Common Stock 60,000.00
Equipment 75,000.00 Retained Earnings 45,000.00
132,350.00132,350.00
During December, the company completed the following transactions.
Dec. 6 Paid $3700 for salaries and wages due employees, of which $2,200 was accrued in November to salaries and wages payable and rest is December's expense.
7 $600 of defective merchandise was returned from a November 30,2022 sale on account
8 Received $3,000 cash from customers in payment of account (no discount allowed).
10 Sold merchandise for cash $10,200. The cost of the merchandise sold was $5,800.(2 entries required)
13 Purchased merchandise on account from Hecht Co. $5,300, terms 2/10, n/30.
15 Purchased supplies for cash $2,600.00
18 Sold merchandise on account $18,500, terms 3/10, n/30. The cost of the merchandise sold was $9,900.
20 Paid salaries and wages $3,600.
21 Paid $2,880 in advance for next year's annual insurance
23 Paid Hecht Co. in full, less discount.
27 Received collections in full, less discounts, from customers billed on December 18.
28 Received $2,000 from customers for services to be preformed in the future
29 Purchase Equipment on account for $18,000
Adjustment data:
1. Accrued salaries and wages payable were $1,100 at the end of December.
2. Depreciation was $1025 per month.
3. Supplies on hand were $1,250
4. One month of interest income should be recorded on the $5,500 Note Receivable at an APR of 6%(round up to nearest dollar)
5. Services were preformed to satisfy $1900 of the unearned revenue
6. December's prepaid rent has been used (annual amount was $14,400 as recorded in Prepaid Rent).
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