On December 1, 2017, Prosen Distributing Company had the following account balances Debit Credit Cash $7,600 Accumulated DepreciationEquipment $2,530 Accounts Receivable 5,200 Accounts Payable 4,500 Inventory 12,500 Salaries and Wages Payable 1,200 Supplies 1,500 Common Stock 30,000 Equipment 25,300 Retained Earnings 13,870 $52,100 $52,100 During December, the company completed the following summary transactions Dec 6 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 8 Received $1,800 cash from customers in payment of account (no discount allowed) 10 Sold merchandise for cash $6,900 The cost of the merchandise sold was $3,800 13 Purchased merchandise on account from Maglio Co $8,900, terms 2 10, n 30 15 Purchased supplies for cash $1,700 18 Sold merchandise on account $12,800, terms 3 10, n 30 The cost of the merchandise sold was $8,100 20 Paid salaries and wages $1,900 23 Paid Maglio Co in full, less discount 27 Received collections in full, less discounts, from customers billed on December 18 Adjustment data 1 Accrued salaries and wages payable $700 2 Depreciation $230 per month 3 Supplies on hand $1,500 Journalize adjusting entries (Credit account titles are automatically indented when amount is entered Do not indent manually ) Post adjusting entries (Post entries in the order of journal entries presented above ) Cash 12 1 Bal 7,600 12 6 1,750 12 8 1,800 12 15 1,700 12 10 6,900 12 20 1,900 12 27 12,416 12 23 8,722 12 31 Bal 14,644 Accounts Receivable 12 1 Bal 5,200 12 8 1,800 12 18 12,800 12 27 12,800 12 31 Bal 3,400 Inventory 12 1 Bal 12,500 12 10 3,800 12 13 8,900 12 18 8,100 12 23 178 12 31 Bal 9,322 Supplies 12 1 Bal 1,500 12 1 Bal 12 612 812 1012 1312 1512 1812 2012 2312 2712 3112 31 Bal 12 15 1,700 12 1 Bal 12 612 812 1012 1312 1512 1812 2012 2312 2712 3112 31 Bal 12 1 Bal 12 612 812 1012 1312 1512 1812 2012 2312 2712 3112 31 Bal 12 1 Bal 12 612 812 1012 1312 1512 1812 2012 2312 2712 3112 31 Bal Equipment 12 1 Bal 25,300 12 31 Bal 25,300 Accumulated DepreciationEquipment 12 1 Bal 12 612 812 1012 1312 1512 1812 2012 2312 2712 3112 31 Bal 12 1 Bal 2,530 12 1 Bal 12 612 812 1012 1312 1512 1812 2012 2312 2712 3112 31 Bal 12 1 Bal 12 612 812 1012 1312 1512 1812 2012 2312 2712 3112 31 Bal 12 1 Bal 12 612 812 1012 1312 1512 1812 2012 2312 2712 3112 31 Bal 12 1 Bal 12 612 812 1012 1312 1512 1812 2012 2312 2712 3112 31 Bal Accounts Payable 12 23 8,900 12 1 Bal 4,500 12 13 8,900 12 31 Bal 4,500 Salaries and Wages Payable 12 6 1,200 12 1 Bal 1,200 12 1 Bal 12 612 812 1012 1312 1512 1812 2012 2312 2712 3112 31 Bal 12 1 Bal 12 612 812 1012 1312 1512 1812 2012 2312 2712 3112 31 Bal 12 1 Bal 12 612 812 1012 1312 1512 1812 2012 2312 2712 3112 31 Bal 12 1 Bal 12 612 812 1012 1312 1512 1812 2012 2312 2712 3112 31 Bal Common Stock 12 1 Bal 30,000 12 31 Bal 30,000 Retained Earnings 12 1 Bal 13,870 12 31 Bal 13,870 Sales Revenue 12 10 6,900 12 18 12,800 12 31 Bal 19,700 Sales Discount 12 27 384 12 31 Bal 384 Cost of Goods Sold 12 10 3,800 12 18 8,100 12 31 Bal 11,900 Depreciation Expense 12 1 Bal 12 612 812 1012 1312 1512 1812 2012 2312 2712 3112 31 Bal 12 1 Bal 12 612 812 1012 1312 1512 1812 2012 2312 2712 3112 31 Bal 12 1 Bal 12 612 812 1012 1312 1512 1812 2012 2312 2712 3112 31 Bal 12 1 Bal 12 612 812 1012 1312 1512 1812 2012 2312 2712 3112 31 Bal Salaries and Wages Expense 12 6 550 12 1 Bal 12 612 812 1012 1312 1512 1812 2012 2312 2712 3112 31 Bal 12 20 1,900 12 1 Bal 12 612 812 1012 1312 1512 1812 2012 2312 2712 3112 31 Bal 12 1 Bal 12 612 812 1012 1312 1512 1812 2012 2312 2712 3112 31 Bal 12 1 Bal 12 612 812 1012 1312 1512 1812 2012 2312 2712 3112 31 Bal 12 1 Bal 12 612 812 1012 1312 1512 1812 2012 2312 2712 3112 31 Bal 12 1 Bal 12 612 812 1012 1312 1512 1812 2012 2312 2712 3112 31 Bal Supplies Expense 12 1 Bal 12 612 812 1012 1312 1512 1812 2012 2312 2712 3112 31 Bal 12 1 Bal 12 612 812 1012 1312 1512 1812 2012 2312 2712 3112 31 Bal 12 1 Bal 12 612 812 1012 1312 1512 1812 2012 2312 2712 3112 31 Bal 12 1 Bal 12 612 812 1012 1312 1512 1812 2012 2312 2712 3112 31 Bal

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On December 1, 2017, Prosen Distributing Company had the following account balances. Debit Credit Cash $7,600 Accumulated DepreciationEquipment $2,530 Accounts Receivable 5,200 Accounts Payable 4,500

On December 1, 2017, Prosen Distributing Company had the following account balances.

	Debit		Credit
Cash	$7,600	Accumulated DepreciationEquipment	$2,530
Accounts Receivable	5,200	Accounts Payable	4,500
Inventory	12,500	Salaries and Wages Payable	1,200
Supplies	1,500	Common Stock	30,000
Equipment	25,300	Retained Earnings	13,870
	$52,100		$52,100

During December, the company completed the following summary transactions.

Dec. 6		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.
8		Received $1,800 cash from customers in payment of account (no discount allowed).
10		Sold merchandise for cash $6,900. The cost of the merchandise sold was $3,800.
13		Purchased merchandise on account from Maglio Co. $8,900, terms 2/10, n/30.
15		Purchased supplies for cash $1,700.
18		Sold merchandise on account $12,800, terms 3/10, n/30. The cost of the merchandise sold was $8,100.
20		Paid salaries and wages $1,900.
23		Paid Maglio Co. in full, less discount.
27		Received collections in full, less discounts, from customers billed on December 18.

Adjustment data:

1.		Accrued salaries and wages payable $700.
2.		Depreciation $230 per month.
3.		Supplies on hand $1,500.

Journalize adjusting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Post adjusting entries. (Post entries in the order of journal entries presented above.)

Cash
12/1 Bal.	7,600	12/6	1,750
12/8	1,800	12/15	1,700
12/10	6,900	12/20	1,900
12/27	12,416	12/23	8,722
12/31 Bal.	14,644

Accounts Receivable
12/1 Bal.	5,200	12/8	1,800
12/18	12,800	12/27	12,800
12/31 Bal.	3,400

Inventory
12/1 Bal.	12,500	12/10	3,800
12/13	8,900	12/18	8,100
		12/23	178
12/31 Bal.	9,322

Supplies
12/1 Bal.	1,500	12/1 Bal.12/612/812/1012/1312/1512/1812/2012/2312/2712/3112/31 Bal.
12/15	1,700	12/1 Bal.12/612/812/1012/1312/1512/1812/2012/2312/2712/3112/31 Bal.
12/1 Bal.12/612/812/1012/1312/1512/1812/2012/2312/2712/3112/31 Bal.		12/1 Bal.12/612/812/1012/1312/1512/1812/2012/2312/2712/3112/31 Bal.

Equipment
12/1 Bal.	25,300
12/31 Bal.	25,300

Accumulated DepreciationEquipment
12/1 Bal.12/612/812/1012/1312/1512/1812/2012/2312/2712/3112/31 Bal.	12/1 Bal.	2,530
12/1 Bal.12/612/812/1012/1312/1512/1812/2012/2312/2712/3112/31 Bal.	12/1 Bal.12/612/812/1012/1312/1512/1812/2012/2312/2712/3112/31 Bal.
12/1 Bal.12/612/812/1012/1312/1512/1812/2012/2312/2712/3112/31 Bal.	12/1 Bal.12/612/812/1012/1312/1512/1812/2012/2312/2712/3112/31 Bal.

Accounts Payable
12/23	8,900	12/1 Bal.	4,500
		12/13	8,900
		12/31 Bal.	4,500

Salaries and Wages Payable
12/6	1,200	12/1 Bal.	1,200
12/1 Bal.12/612/812/1012/1312/1512/1812/2012/2312/2712/3112/31 Bal.		12/1 Bal.12/612/812/1012/1312/1512/1812/2012/2312/2712/3112/31 Bal.
12/1 Bal.12/612/812/1012/1312/1512/1812/2012/2312/2712/3112/31 Bal.		12/1 Bal.12/612/812/1012/1312/1512/1812/2012/2312/2712/3112/31 Bal.

Common Stock
	12/1 Bal.	30,000
	12/31 Bal.	30,000

Retained Earnings
	12/1 Bal.	13,870
	12/31 Bal.	13,870

Sales Revenue
	12/10	6,900
	12/18	12,800
	12/31 Bal.	19,700

Sales Discount
12/27	384
12/31 Bal.	384

Cost of Goods Sold
12/10	3,800
12/18	8,100
12/31 Bal.	11,900

Depreciation Expense
12/1 Bal.12/612/812/1012/1312/1512/1812/2012/2312/2712/3112/31 Bal.		12/1 Bal.12/612/812/1012/1312/1512/1812/2012/2312/2712/3112/31 Bal.
12/1 Bal.12/612/812/1012/1312/1512/1812/2012/2312/2712/3112/31 Bal.		12/1 Bal.12/612/812/1012/1312/1512/1812/2012/2312/2712/3112/31 Bal.

Salaries and Wages Expense
12/6	550	12/1 Bal.12/612/812/1012/1312/1512/1812/2012/2312/2712/3112/31 Bal.
12/20	1,900	12/1 Bal.12/612/812/1012/1312/1512/1812/2012/2312/2712/3112/31 Bal.
12/1 Bal.12/612/812/1012/1312/1512/1812/2012/2312/2712/3112/31 Bal.		12/1 Bal.12/612/812/1012/1312/1512/1812/2012/2312/2712/3112/31 Bal.
12/1 Bal.12/612/812/1012/1312/1512/1812/2012/2312/2712/3112/31 Bal.		12/1 Bal.12/612/812/1012/1312/1512/1812/2012/2312/2712/3112/31 Bal.

Supplies Expense
12/1 Bal.12/612/812/1012/1312/1512/1812/2012/2312/2712/3112/31 Bal.		12/1 Bal.12/612/812/1012/1312/1512/1812/2012/2312/2712/3112/31 Bal.
12/1 Bal.12/612/812/1012/1312/1512/1812/2012/2312/2712/3112/31 Bal.		12/1 Bal.12/612/812/1012/1312/1512/1812/2012/2312/2712/3112/31 Bal.