On December 1, 2022. Concord Company had the account balances shown below. Credit Debit Cash $4,800 Accumulated Depreciation-Equipment $1,400 Accounts Receivable 4,000 Accounts Payable 3.000 Inventory 2,520 Owner's Capital 26,920 Equipment 20,000 $31,320 $31,320 *(4,200 x $0.60) The following transactions occurred during December: Dec 3 5 7. Purchased 4,200 units of Trentory on account at a cost of $0.78 per unit. Sold 4,600 units of inventory on account for $0.99 per unit (Concord sold 4.200 of the $0,60 unit and 100 of the $0.78) Granted the December 5 customer $153 credit for 200 units of inventory returned costing $102. These units were returned to inventory Purchased 2,400 units of inventory for cash at $0,84 each. Sold 3 300 units of inventory on account for $0.99 per unit. (Concord sold 3,300 of the 50.78 units.) 17 22 Adjustment data: 1. Recognized accrued salaries payable $500. Recognized depreciation $360 per month 2 Journalize the December transactions and adjusting entries, assuming Concord uses the perpetual inventory system, wil. De meeste in the Date Account Titles and Explanation Debit Cred To record sales tenue Torucard cost of goods soldl (To record sales returns To record cost of sales return corecard sales reve Torecord cost of goods sold Ta record accrue) Ta record de recone Enterth December bulan in the edgurate and post the Decemberations d) Cash Aco Receivable Inventory . Acte Pin Acumulatoare Wewe Sales Revenue Salaries and Wages Expense Cost of Goods Sold Sales Returns & Allowances Depreciation Expense Prepare an adjusted trial balance as of December 31, 2022 CONCORD COMPANY Adjusted Trial Balance Debit Credit $ Totals $ Prepare ar a multiple-step income statement for December 2022 (Enter negative amounts using either a negative sign preceding the number c.9. - 45 or parentheseses (45)) CONCORD COMPANY Income Statement $ 3 Question 1 of 1 CONCORD COMPANY Balance Sheet Assets $ $ Liabilities and Owner's Equity Compute endine inventory and cost of goods sold under FIFO, assuming Concord Company uses the periodicinventory system Ending Inventory 5 Cost of Goods Sold $ 10 Compute ending inventory and cost of goods sold under LIFO, assuming Concord Company uses the periodicinventory system Ending Inventory $ Cost of Goods Sold $