On December 1, 2022, Larkspur, Inc. had the following account balances. Debit Credit Cash $6,800 Accumulated Depreciation-Equipment $2,200 Accounts Receivable 4,500 Accounts Payable 4,300 Inventory 11,900 Salaries and Wages Payable 1,000 Supplies 1,200 Common Stock 28,000 Equipment 22,000 Retained Earnings 10,900 $46,400 $46,400 Dec. 6 During December, the company completed the following summary transactions. Paid $1,700 for salaries and wages due employees, of which $700 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 $6,600. The cost of the merchandise sold was $4,000, 13 Purchased merchandise on account from Hecht Co. $9,400, terms 2/10, n/30. 15 Purchased supplies for cash $2,000. 18 Sold merchandise on account $12.100, terms 3/10, n/30. The cost of the merchandise sold was $8,100 13 Purchased merchandise on account from Hecht Co. $9,400, terms 2/10, n/30. 15 Purchased supplies for cash $2,000. 18 20 20 23 22 27 Sold merchandise on account $12,100, terms 3/10, n/30. The cost of the merchandise sold was $8,100. Paid salaries wages $1,700. Paid Hecht Co. in full, less discount. Received collections in full, less discounts, from customers billed on December 18. Adjustment data: Accrued salaries and wages payable $800. 1. 2. Depreciation $200 per month. 3. Supplies on hand $1,600. Post the adjusting entries. (Post entries in the order of journal entries presented above.) Cash 12/1 Bal. 6,800 12/6 1,700 12/8 1,900 12/15 2,000 12/10 12/27 6,600 12/20 1,700 11,737 12/23 9,212 12/31 Bal. 12,425 12/1 Bal. 12/18 12/31 Bal. Accounts Receivable 4,500 12/8 1,900 12,100 12/27 12,100 2,600 Inventory 12/1 Bal. 11,900 12/10 4,000 12/13 9,400 12/18 8,100 Inventory 12/1 Bal. 11,900 12/10 4,000 12/13 9,400 12/18 8,100 12/23 188 12/31 Bal. 9,012 Supplies 12/1 Bal. 1,200 12/15 2,000 12/31 1600 12/31 Bal, 1600 Equipment 22,000 12/1 Bal. 12/31 Bal 22,000 Accumulated Depreciation-Equipment 12/1 Bal. 12/31 2,200 200 12/31 Bal 2400 Accounts Payable 12/23 9,400 12/1 Bal. 4,300 12/13 9,400 12/31 Bal. 4,300 12/6 Salaries and Wages Payable 1,000 12/1 Bal. 12/31 1,000 900 12/31 Bal 1900 Common Stock 12/1 Bal. 28,000 12/31 Bal. 28,000 Retained Earnings 12/1 Bal. 10,900 12/31 Bal. 10,900 Sales Revenue 12/10 6,600 12/18 12,100 12/31 Bal. 18,700 Sales Discounts 12/27 363 12/31 Bal. 363 12/10 12/18 Cost of Goods Sold 4,000 8,100 12/31 Bal. 12,100 12/31 Depreciation Expense 200 12/31 Bal. 200 12/6 12/20 12/31 Salaries and Wages Expense 700 1,700 900 12/31 Bal 3300 31 Bal. 12/31 12/31 Bal. 3 3300 Supplies Expense 1600 1600