On December 1, 2022, Sheridan Distributing Company had the following account balances.

		Debit				Credit
Cash		$6,800		Accumulated DepreciationEquipment		$2,200
Accounts Receivable		4,200		Accounts Payable		4,100
Inventory		11,600		Salaries and Wages Payable		1,000
Supplies		1,200		Common Stock		15,000
Equipment		22,000		Retained Earnings		23,500
		$45,800				$45,800

During December, the company completed the following summary transactions.

Dec. 6		Paid $1,600 for salaries due employees, of which $600 is for December and $1,000 is for November salaries payable.
8		Received $1,900 cash from customers in payment of account (no discount allowed).
10		Sold merchandise for cash $5,900. The cost of the merchandise sold was $4,000.
13		Purchased merchandise on account from Hecht Co. $7,200, terms 2/10, n/30.
15		Purchased supplies for cash $2,000.
18		Sold merchandise on account $10,800, terms 3/10, n/30. The cost of the merchandise sold was $7,100.
20		Paid salaries $1,600.
23		Paid Hecht Co. in full, less discount.
27		Received collections in full, less discounts, from customers billed on December 18.

(b) 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 12/1 Bal. 6,800 12/6 1,600 12/8 1,900 12/15 2,000 12/10 5,900 12/20 1,600 12/27 10,476 12/23 7,056 12/31 Bal. Accounts Receivable Inventory Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Salaries and Wages Payable Common Stock Retained Earnings Sales Revenue Sales Discounts Cost of Goods Sold Salaries and Wages Expense