On December 1, 2022 Oriole Company had the following account balances. Debits Credits Cash $ 19,400 Accumulated Depreciation-Equipment $3,390 Notes Receivable 2,230 Accounts Payable 6,000 Accounts Receivable 7,350 Common Stock 48,200 Inventory 16,800 Retained Earnings 18,380 Prepaid Insurance 1,690 Equipment 28,500 $ 75,970 $ 75,970 During December, the company completed the following transactions. Dec. 7 Received $3,730 cash from customers in payment of account (no discount allowed). 12 Purchased merchandise on account from Green Co. $ 12,700, terms 1/10, n/30. 17 Sold merchandise on account $ 16,300, terms 2/10, n/30. The cost of the merchandise sold was $ 10,100. 19 Paid salaries $ 1,830. 22 Paid Green Co. in full, less discount. 26 Received collections in full, less discounts, from customers billed on December 17. 31 Received $2,640 cash from customers in payment of account (no discount allowed). Debit Sec 7 Cash Credit 3730 Accounts Recevable 3730 Dec 12 12200 Accounts Payable 12700 Sec 17 16300 1630C (To record sales revenue) HAR DU OD Dec 17 10100 10100 (To record cost of goods sold) Dec 19 V Salarles and Wages Expense 1830 1830 Dec 22 Dec. 26 JOOOO Dec 31 V