On December 1, 2022, Bonita Company had the account balances shown below. Debit Credit Cash $4,500 Accumulated Depreciation-Equipment $1,100 Accounts Receivable 4,800 Accounts Payable 3,200 Inventory 2,400 Owner's Capital 31,400 Equipment 24,000 $35,700 $35,700 *(4,000 x $0.60) The following transactions occurred during December: Dec. 3 Purchased 4,000 units of inventory on account at a cost of $0.74 per unit. 5 7 Sold 4,300 units of inventory on account for $0.90 per unit. (Bonita sold 4,000 of the $0.60 units and 300 of the $0.74.) Granted the December 5 customer $177 credit for 200 units of inventory returned costing $118. These units were returned to inventory. 17 Purchased 2,100 units of inventory for cash at $0.80 each. 22 Sold 3,200 units of inventory on account for $0.95 per unit. (Bonita sold 3,200 of the $0.74 units.) Adjustment data: 1. Recognized accrued salaries payable $400. 2. Recognized depreciation $360 per month. (b) Enter the December 1 balances in the ledger T-accounts and post the December transactions. (Post entries in the order of journal entries presented above.) >> >> >>> >> >> > > > > > Cash Accounts Receivable Inventory Equipment Accounts Payable Accumulated Depreciation-Equipment Salaries and Wages Payable Owner's Capital Sales Revenue Salaries and Wages Expense Cost of Goods Sold Sales Returns & Allowances Depreciation Expense (c) Prepare an adjusted trial balance as of December 31, 2022. Totals eTextbook and Media List of Accounts Save for Later BONITA COMPANY Adjusted Trial Balance $ Debit $ Credit Attempts: 0 of 5 used Submit Answer (d1) Prepare a multiple-step income statement for December 2022. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) eTextbook and Media List of Accounts Save for Later BONITA COMPANY Income Statement $ $ Attempts: 0 of 5 used Submit Answer (d2) Prepare a classified balance sheet at December 31, 2022. (List Current Assets in order of liquidity.) eTextbook and Media List of Accounts Save for Later BONITA COMPANY Balance Sheet Assets $ Liabilities and Owner's Equity $ $ $ $ Attempts: 0 of 5 used Submit Answer (e) Compute ending inventory and cost of goods sold under FIFO, assuming Bonita Company uses the periodic inventory system. Ending Inventory $ Cost of Goods Sold $ eTextbook and Media List of Accounts Save for Later Attempts: 0 of 5 used Submit Answer (f) Compute ending inventory and cost of goods sold under LIFO, assuming Bonita Company uses the periodic inventory system. Ending Inventory $ Cost of Goods Sold $ eTextbook and Media List of Accounts Save for Later Attempts: 0 of 5 used Submit