on december 1, 2012, Compay had the following account balances: Debit: Cash $7200 Accounts Receivable 4600 Inventory 12000 Supplies 1200 Equipment 22000 Total 47000 Credit: Accumulated Depreciation- Equipment 2200 Accounts payable 4500 Salaries and Wages Payable 1000 Common Stock 15000 Retained Earnings 24300 Total 47000 During December, the company completed the following summary transaction Dec. 6 Paid $1600 for salaries due emplyees of which $600 is for decmeber and $1000 is for November salaries payable. Dec. 8 Received $1900 cash from customers in payment of account(no discount allowed) Dec. 10 Sold merchandise for cash $6300. The cost of the merchandise sold was $4100. Dec. 13 Purchased merchandise on account from Gong Co. $9000 terns 2/10, n/30. Dec. 15 Purchased supplies for cash $2000 Dec. 18 Sold merchandise on account $12000 terms 3/10, n/30. The cost of the merchandise sold was $8000. Dec. 20 Paid salaries $1800. Dec. 23 Paid Gong. Co in full, less discount. Dec. 27 Received collections in full, less discounts, from customers billed on December 18. Adjustment data: 1. Accrued salaries payable $800 2. Depreciation $200 per month. 3. Supplies on hand $1500 4. Income tax due and unpaid at December 31 is $200 (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 actions. Use Cost of goods sold, Depreciation Expense, Salaries and Wages Expense, Sales Revenues, Sales Discounts, Supplies Expense, Income Tax Expense, and Income Taxes Payable. (c.) Journalize and post adjusting entries. (d.) Prepare an adjusted trial balance. (e.) Prepare an income statement and a retained earning statemnt for December and a classified balance sheet at December 31