Post the above adjusting entries. (Post entries in the order of journal entries nracendad above). Journalize the December transactions using a perpetual inventory system. (Credit occount titles are outomatically indented when Sales Revenue \begin{tabular}{lll} & 12/10 & 7,100 \\ 12/18 & 14,400 \\ \hline 12/31 Bal. & 21,500 \end{tabular} \begin{tabular}{lr} & Cost of Goods Sold \\ \hline 12/10 & 5,200 \\ 12/18 & 9,500 \\ \hline 12/31 Bal. & 14,700 \end{tabular} Depreciation Expense Journalize the adjusting entries, (Credit account titles ore automaticaliy indented when amount is entered. Do not indent manuallik) Post the above adjusting entries. (Post entries in the order of fournol entries presented above). \begin{tabular}{l|l} Equipment \\ \hline 12/1 Bal. & 22,000 \\ \hline 12/31 Bal. & 22,000 \\ \hline \end{tabular} Retained Earnings 12/1Bal25,900 On December 1,2022, Sunland Distributing Company had the following account balances. 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 $7,100. The cost of the merchandise sold was $5,200. 13 Purchased merchandise on account from Hecht Co. $9,600, terms 2/10,n/30. 15 Purchased supplies for cash $2,000. 18 Sold merchandise on account $14,400, terms 3/10,n/30. The cost of the merchandise sold was $9.500. 20 Paid salaries $2,800. 23 Paid Hecht Co. in full, less discount. 27 Received collections in fult, less discounts, from customers billed on December 18. Depreciation Expense