On December 1, 2022, Bonita Company had the following account balances. Debit Credit Cash $17,300 Accumulated Depreciation-Equipment $3,000 Notes Receivable 2,500 Accounts Payable 6,200 Accounts Receivable 7,700 Owner's Capital 64,800 Inventory 15,900 $74,000 Prepaid Insurance 1,600 Equipment 29,000 $74,000 During December, the company completed the following transactions. Received $3,600 cash from customers in payment of account (no discount allowed). Dec. 7 12 Purchased merchandise on account from Vance Co. $11,000, terms 1/10, n/30. 17 Sold merchandise on account $16,300, terms 2/10, n/30. The cost of the merchandise sold was $9,200 19 Paid salaries $2,200. 26 31 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). Adjustment data: 1. Depreciation was $210 per month. 2. Insurance of $400 expired in December. Date Account Titles and Explanation Debit Credit 0 (To record sales) (To record cost of goods sold)