On December 1, 2017. Windsor Company had the account balances shown below. Cash Accounts Receivable Inventory (3,000 x $0.50) Equipment Debit $5,500 3,500 1,500 20,000 $30,500 Accumulated Depreciation-Equipment Accounts Payable Owner's Capital Credit $1.200 2.800 26,500 $30,500 The following transactions occurred during December. Dec. 3 5 7 Purchased 4.000 units of inventory on account at a cost of $0.65 per unit. Sold 4, 300 units of inventory on account for $0.88 per unit. (It sold 3,000 of the $0.50 units and 1,300 of the $0.6 Granted the December 5 customer $88 credit for 100 units of inventory returned costing $100. These units were returned to inventory Purchased 2,000 units of inventory for cash at $0.78 each. Sold 2,100 units of inventory on account for $0.94 per unit. (It sold 2.100 of the $0.65 units.) 17 22 Adjustment data: 1 Accrued salaries payable $300. Depreciation $100 per month 2