On December 1, 2020, Matthias Company had the account balances shown below Debit Credit $1,600 3,000 18,600 11,040 $34,240 Cash Accounts Receivable Inventory Equipment $5,200 Accumulated Depreciation-Equipment 4,200 Accounts Payable 1,740 *Common Stock 23,100 Retained Earnings $34,240 *(2,900 x $0.60) The following transactions occurred during December Dec. 3 Purchased 3,800 units of inventory on account at a cost of $0.68 per unit. 5 Sold 4,500 units of inventory on account for $0.90 per unit. (Matthias sold 2,900 of the $0.60 units and 1,600 of the $0.68.) 7 Granted the December 5 customer $90 credit for 100 units of inventory returned costing $60. These units were returned to inventory 17 Purchased 2,200 units of inventory for cash at $0.70 each 22 Sold 1,600 units of inventory on account for $0.95 per unit. (Matthias sold 1,600 of the $0.68 units.) Adjustment data: 1. Accrued salaries payable $410 2. Depreciation $200 per month Journalize the December transactions, assuming Matthias uses the perpetual inventory method. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit Date Account Titles and Explanation Debit To record sales revenue) To record cost of goods sold) To record sales return) (To record cost of goods returned) (To record sales revenue) (To record cost of goods sold) Journalize the adjusting entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Dec. 31 (1) (To record accrued expense) (To record depreciation expense)