On December 1, 2020, Bonita Company had the following account balances Debit Credit Cash $17,600 $2.900 Notes Receivable 2,000 Accumulated Depreciation Equipment Accounts Payable Owner's Capital 6.200 Accounts Receivable 7,600 62.000 Inventory 15.200 $71,100 1.500 Prepaid Insurance Equipment 27,200 $71,100 Dec 7 12 During December, the company completed the following transactions Received $3,700 cash from customers in payment of account (no discount allowed). Purchased merchandise on account from Vance Co. 511.800, terma 1/10, 1/30. Sold merchandise on account $15.500, terms 2/10, 1/30. The cost of the merchandise sold was 39.400 Pald salaries $2,300 Pald Vance Co. In full, les discount 17 19 22 26 Received collections in full, less discounts, from customers bited on December 17 31 Received 52.800 cash from customers in payment of account no discount allowed Adjustment data 1 Deprecation 210 per month -2 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 part.) Cash 12/1 Bal. 17,600 12/19 2.300 12/7 3.700 12/12 10.620 12/26 15,190 Notes Receivable 12/1 Bal. 2000 12/31 Bal. 2000 Accounts Receivable 12/1 Bal 7600 12/7 3700 12/17 V 15500 12/26 15500 12/31 Bal 1100 12/31 2800 Inventory 121 Bal 15200 22/17 9400 Inventory 12/1 Bal 15200 12/17 9400 12/12 11800 12/22 1180 Prepaid Insurance 12/1 Bal 1500 12/31 Bal 390 Equipment 12/1 Bal 27200 12/31 Bal 27200 Accumulated Depreciation-Equipment 12/1 Bal 2900 12/31 210 Accounts Payable 12/22 11800 12/1 Bal 6200 12/12 11800 Owner's Capital 12/13 62000 12/01 2000 Sales Revenue 12/17 35500 12/31 15300 Sales Discounts 1272 310 12/31 310 Cost of Goods Sold Owner's Capital 12/1 Bal. 62000 12/31 Bal. 62000 62000 Sales Revenue 12/17 15500 12/31 Bal. 15500 Sales Discounts 12/26 310 12/31 Bal. 310 Cost of Goods Sold 12/17 9400 12/31 Bal. 9400 Salaries and Wages Expense 12/19 2300 12/31 Bal. 2300 eTextbook and Media List of Accounts Save for Later Submit Answer Attempts: 1 of 4 used h