On December 1, 2020, Bonita Company had the following account balances. Debit Credit Cash $17,600 Accumulated Depreciation-Equipment $2,900 Notes Receivable 2,000 Accounts Payable 6,200 Accounts Receivable 7,600 Owner's Capital 62,000 15,200 $71.100 Inventory Prepaid Insurance Equipment 1,500 27,200 $71,100 During December, the company completed the following transactions. w Dec. 7 12 17 19 Received $3,700 cash from customers in payment of account (no discount allowed). Purchased merchandise on account from Vance Co. $11,800, terms 1/10.30. Sold merchandise on account $15.500. terms 2/10,n/30. The cost of the merchandise sold was $9.400. Paid salaries $2,300 Paid Vance Co. in full less discount. Received collections in full less discounts, from customers billed on December 17, Received $2.800 cash from customers in payment of account (no discount allowed) 22 26 31 Adjustment data 1. Depreciation 5210 per month Insurance expired $390, 2 Journalize the December transactions. (Assume a perpetual inventory system.) (Credit account titles are automatically indented when amount is entered. Do notIndent manually Debit Cred Date Account Titles and Explanation > I (To record sales To record cost of goods sold) >