On December 1, 2022, Windsor, Inc. had the following account balances. Debit Credit Cash $18,500 Accumulated Depreciation-Equipment $2.900 Notes Receivable 2,300 Accounts Payable 6,100 Accounts Receivable 7,400 Common Stock 52,100 Inventory 16,400 Retained Earnings 12,900 Prepaid Insurance 1,700 $74,000 Equipment 27,700 $74,000 During December, the company completed the following transactions. Dec. 7 Received $3,700 cash from customers in payment of account (no discount allowed). During December, the company completed the following transactions. Dec. 7 Received $3,700 cash from customers in payment of account (no discount allowed). Purchased merchandise on account from Vance Co. $11,900, terms 1/10,n/30. 12 17 Sold merchandise on account $15,900, terms 2/10,n/30. The cost of the merchandise sold was $9,000. 19 Paid salaries $2,100. 22 Paid Vance Co. in full, less discount. 26 Received collections in full, less discounts, from customers billed on December 17. 31 Received $2,600 cash from customers in payment of account (no discount allowed). Adjustment data: 1. Depreciation was $200 per month. 2. Insurance of $400 expired in December. Enter the December 1 balances in the ledger T-accounts and post the December transactions. (Post entries in the order of journal entries presented in the previous part.) Cash 12/1 Bal. 18500 12/19 2100 12/7 3700 12/22 12/26 12/31 Bal. 2600 Notes Receivable 12/1 Bal. 2300 Accounts Receivable 12/1 Bal. 7400 12/7 Accounts Receivable 12/1 Bal. 7400 12/7 12/17 12/26 12/31 Inventory 12/1 Bal. 16400 12/12 Prepaid Insurance 12/1 Bal. 1700 Equipment 12/1 Bal. 27700 Accumulated Depreciation-Equipment 12/1 Bal. 2900 12/1 Bal. 200 Accounts Payable 12/22 12/1 Bal. 12/12 Common Stock 12/1 Bal. 52100 Retained Earnings 12/1 Bal. 12900 Sales Revenue 12/31 Bal. 15900 12/17 15900 Sales Discounts 12/26 12/31 Cost of Goods Sold 12/17 12/31 Salaries and Wages Expense 12/19 2100 12/31 2100