On December 1, 2017, Annalise Company had the account balances shown below. Debit Credit Cash $5,400 Accumulated DepreciationEquipment $1,500 Accounts Receivable 3,000 Accounts Payable 4,000 Inventory 1,800 * Owners Capital 27,700 Equipment 23,000 $33,200 $33,200 *(3,000 x $0.60) The following transactions occurred during December: Dec. 3 Purchased 4,600 units of inventory on account at a cost of $0.78 per unit. 5 Sold 4,900 units of inventory on account for $0.94 per unit. (It sold 4,000 of the $0.60 units and 900 of the $0.78.) 7 Granted the December 5 customer $159 credit for 200 units of inventory returned costing $106. These units were returned to inventory. 17 Purchased 2,000 units of inventory for cash at $0.84 each. 22 Sold 3,200 units of inventory on account for $0.99 per unit. (It sold 3,200 of the $0.78 units.) Adjustment data: 1. Accrued salaries payable $500. 2. Depreciation $280 per month.

ive aleady done the journal entry but need help doing the t-accounts."Enter the December 1 balances in the ledger T-accounts and post the December transactions."

Cash

accounts rec.

inventory

equip.

accounts pay.

accum. dep-equip.

sal + wages pay.

owners cap.

sales rev.

sal + wag. exp.

cost of goods sold

sales ret. allowances

dep. exp