On December 1, 2020, Swifty Company had the account balances shown below. Cash Accounts Receivable Inventory Equipment Debit $5,200 3,700 2,580 23,000 $34,480 Accumulated Depreciation-Equipment Accounts Payable Owner's Capital Credit $1,100 3,200 30,180 $34,480 *(4,300 x $0.60) The following transactions occurred during December Purchased 4,400 units of inventory on account at a cost of $0.74 per unit. Sold 4,900 units of inventory on account for $0.90 per unit (Swifty sold 4,300 of the $0.60 units and 600 of the $0.74.) Granted the December 5 customer $189 credit for 200 units of inventory returned costing $126. These units were returned to inventory Purchased 2,100 units of inventory for cash at $0.80 each. Sold 3,300 units of inventory on account for $0.95 per unit. (Swifty sold 3,300 of the $0.74 units.) Dec.3 5 7 17 22 Adjustment data: 1 Accrued salaries payable $400. Depreciation $400 per month 2. Debit Credit Date Account Titles and Explanation (To record sales revenue.) v (To record cost of goods sold.) (To record sales returns.) (To record cost of sales returns.)