SIENNENT RESOURCES 11W Accounting Cycle Review 6 - (Part Level Submission) On December 1, 2020, Coronado Company had the account balances shown below. Debit Creida Cash $5,100 Accumulated Depreciation Equipment $1,200 Accounts Receivable 4,700 Accounts Payable 4,000 Inventory 2,040" Owner's Capital 26,640 Equipment 20,000 $31,840 $31,840 Eat Problem Problem Accounting "(3,400 x $0.60) The following transactions occurred during December Dec. 3 Purchased 4,000 units of inventory on account at a cost of 0.4 per unit. 5 Sold 5,200 units of inventory on account for $0.90 per unit (Coronado sold 3,400 of the $0.60 units and 1,000 of the 50.74.) 7 Granted the December customer 6159 credit for 200 units of inventory returned costing $106. These units were returned to inventory 17 Purchased 2,300 units of inventory for cash at $0.80 each 22 Sold 2.500 units of inventory on account for $0.95 per unit. (Coronado sold 2,500 of the 30.74 units.) Adjustment data: 1. Accrued salaries payable $700. 2. Depreciation $360 per month Sice (a) Journalize the December transactions and adjusting entries, assuming Coronado uses the perpetual inventory method. (Credit account titles are automatically indented when not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit