On December 1, 2022, Concord Corporation had the following account balances.

		Debit				Credit
Cash		$7,500		Accumulated DepreciationEquipment		$2,200
Accounts Receivable		4,800		Accounts Payable		4,700
Inventory		12,300		Salaries and Wages Payable		1,000
Supplies		1,300		Common Stock		29,000
Equipment		22,000		Retained Earnings		11,000
		$47,900				$47,900

During December, the company completed the following summary transactions.

Dec. 6		Paid $1,500 for salaries and wages due employees, of which $500 is for December and $1,000 is for November salaries and wages payable.
8		Received $1,900 cash from customers in payment of account (no discount allowed).
10		Sold merchandise for cash $6,000. The cost of the merchandise sold was $4,000.
13		Purchased merchandise on account from Hecht Co. $8,900, terms 2/10, n/30.
15		Purchased supplies for cash $2,100.
18		Sold merchandise on account $12,200, terms 3/10, n/30. The cost of the merchandise sold was $7,900.
20		Paid salaries wages $1,800.
23		Paid Hecht Co. in full, less discount.
27		Received collections in full, less discounts, from customers billed on December 18.

Adjustment data:

1.		Accrued salaries and wages payable $800.
2.		Depreciation $200 per month.
3.		Supplies on hand $1,500.

(b) Enter the December 1 balances in the ledger T-accounts and post the December transactions. Use Cost of Goods Sold, Depreciation Expense, Salaries and Wages Expense, Sales Revenue, Sales Discounts, and Supplies Expense. (Post entries in the order of journal entries presented above. For accounts with a zero balance select "12/31 Bal." from the list and enter on the normal balance side for that account and enter "0" for the amount.)