On December 1, 2020, Bonita Company had the following account balances. Debit Credit Cash $17,600 Accumulated Depreciation-Equipment $2,900 2,000 Accounts Payable 6,200 Notes Receivable Accounts Receivable Inventory 7,600 Owner's Capital 62,000 15,200 $71,100 Prepaid Insurance 1,500 Equipment 27,200 $71,100 ho During December, the company completed the following transactions Dec 7 12 17 Received $3,700 cash from customers in payment of account (no discount allowed). Purchased merchandise on account from Vance Co. $11.800, terms 1/10, 1/30. Sold merchandise on account $15,500, terms 2/10, 1/30. The cost of the merchandise sold was 59.400. Pald salaries $2,300 Pald Vance Co. in full, less discount. 19 22 26 Received collections in full less discounts from customers billed on December 17 31 Received $2,800 cash from customers in payment of accountino discount allowed) Adjustment data: 1. Depreciation $210 per month. Insurance expired $390. Enter the December 1 balances in the ledger T-accounts and post the December transactions. (Post entries in the order of journal entries presented in the previous port) Cash v V V Notes Receivible Accounts Receivable V Inventory Inventory V Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable