Problem II - Journal Entries (15 points) Pine Distributing Company. During the month of December the company completed the following summary transactions Dec. 6. Paid $1,800 for salaries due employees, of which $800 is for December and $1,000 is for November salaries payable. 10. Sold merchandise for cash $6,500. The cost of the merchandise sold was $4,500. 13. Purchased merchandise on account from Hecht Co. $9,500, terms 2/10, 1/30. 18 Sold merchandise on account $15,000, terms 3/10, 1/30. The cost of the merchandise sold was $9,000 23 Paid Hecht Co. in full, less discount. 27 Received collections in full, less discounts, from customers billed on December 18. Instructions: Journalize the transactions for the month of December for Pine Company, using perpetual inventory system