On December 1, 2022 Sheridan Company had the following account balances. Debits Credits Cash $18,900 Accumulated Depreciation-Equipment $3,320 Notes Receivable 2,180 Accounts Payable 6,210 Accounts Receivable 7,680 Common Stock 47,600 Inventory 15,700 Retained Earnings 21,120 Prepaid Insurance 1,790 Equipment 32,000 $78,250 $78,250 During December, the company completed the following transactions. During December, the company completed the following transactions. Dec. 7 Received $3,800 cash from customers in payment of account (no discount allowed). 12 17 Purchased merchandise on account from Green Co. $11,800, terms 1/10, n/30. Sold merchandise on account $16,300, terms 2/10, n/30. The cost of the merchandise sold was $10.500. 19 Paid salaries $1,770, 22 Paid Green Co. in full, less discount. 26 Received collections in full, less discounts, from customers billed on December 17. 31 Received $2,780 cash from customers in payment of account (no discount allowed). Enter the December 1 balances in the ledger T accounts and post the December transactions. (Post entries in the order of journal entries presented above.) Cash Notes Receivable Account Decaluable Accounts Receivable Inventory Prepaid Insurance Equipment Equipment Accumulated Depreciation-Equipment Accounts Payable Common Stock Retained Earnings Retained Earnings Sales Revenue Sales Discounts Cost of Goods Sold Salaries and Wages Expense