retained earnings

balance sheet

income statement

T-Ledger

all parts

n December 1, 2022, Nash's Trading Post, LLC had the account balances shown below. Debits Credits Cash $5,250 $1,370 3,860 Accounts Receivable Inventory (2,700 x $0.60) Accumulated Depreciation-Equipment Accounts Payable Common Stock 2,760 1,620 10,000 Equipment 20,400 Retained Earnings 17.000 $31.130 $31.130 The following transactions occurred during December Dec 3 5 7 Purchased 3.700 units of inventory on account at a cost of $0.77 per unit. Sold 4,100 units of inventory on account for $0.90 per unit. (It sold 2,700 of the $0.60 units and 1,400 of the $0.77) Granted the December 5 customer $90 credit for 100 units of inventory returned costing $60. These units were returned to inventory Purchased 2.100 units of inventory for cash at $0.70 each. Sold 1.800 units of inventory on account for $0.88 per unit. (It sold 1,800 of the $0.77 units.) 17 22 Adjustment data: 1. Accrued salaries and wages payable $420, Depreciation on equipment $180 per month. 2. 3. Income tax expense was $190, to be paid next year. order presented in the problem.) Date Credit Debit Account Titles and Explanation (To record sales revenue) Question 1 of 9 ./15 (To record cost of goods sold.) (To record sales return (To record sales revenue) (To record cost of goods sold) (to record accrued expense.) (2) To record depreciation expense) (2) (To record depreciation expense.) (3) (To record income tax expense.)