Question 4 of 4 On December 1, ZUZU, Uriole Company had the following account balances Debit Credit Cash $19,000 Accumulated Depreciation-Equipment $3,000 Notes Receivable 2,100 Accounts Payable 6,000 Accounts Receivable 7,900 Owner's Capital 66,200 Inventory 15,800 $75,200 Prepaid Insurance 1,600 Equipment 28,800 $75,200 -/11 During December, the company completed the following transactions. Dec. 7 Received $3,600 cash from customers in payment of account (no discount allowed). Purchased merchandise on account from Vance Co. $11,500, terms 1/10, n/30. Sold merchandise on account $15,500, terms 2/10, n/30. The cost of the merchandise sold was $9.500. 12 17 19 Paid salaries $2,300. 22 Paid Vance Co. In full, less discount. 26 Received collections in full, less discounts, from customers billed on December 17. 31 Received $2,700 cash from customers in payment of account (no discount allowed). Adjustment data: 1. Depreciation $190 per month. 2. Insurance expired $390. Journalize the December transactions. (Assume a perpetual inventory system) (Credit account titles are automatically indented when amount is entered. Do not indent manually) Date > Account Titles and Explanation (To record sales) (To record cost of goods sold) Tourbook sad Modis Debit Credit