Prepare the journal entries

6On December 15, Rocky Ram, Inc.made a sale in the amount of $80,000 to Poodle & Co(terms 2/10, n/30). Thecost of the inventory soldwas $55,000.

7On December17, Board of Directors declared $8,200 in dividendsto bepaidin January

8On December 20, the company paid employees $31,000 for wages earned during the periodfrom December 1 through December 15,2015

9On December 25, received full payment from Poodle & Co. for sale made December 15(J6)within the discount period.

10On December 25, Rocky Ram, Inc.made a sale in the amount of $140,000 to Bulldog Inc.(terms 2/10, n/30). The cost of the inventory sold was $90,000.