The T-accounts, along with their beginning balances have been opened for you. Post the December transactions to the general ledger accounts. (Note that customer and vendor names are not used for the General Ledger accounts.) Compute each account balance, and denote the balance as Bal. (For any accounts with a zero balance after closing, select a "Bal." reference and enter a "0" on the normal side of the account.) (Click the icon to view the journal entries you prepared above.) Cash Bal. 97,150 Accounts Payable Service Revenue 1,200 Bal. 0 Bal. Accounts Receivable Unearned Revenue Sales Revenue Bal. 800 28,750 Bal. 0 Bal. Merchandise Inventory Salaries Payable Bal. 0 0 Bal. Bal. Sales Returns and Allowances 0 Cleaning Supplies Interest Payable Sales Discounts Bal. 90 150 Bal. Bal. Prepaid Rent Notes Payable (Long-Term) Cost of Goods Sold Bal. 2,400 60,000 Bal. Bal. Prepaid Insurance Hovey, Capital Sales Commissions Expense Bal. 4,400 24,770 Bal. Bal. Equipment Hovey, Withdrawals Bal. 4,200 Bal. Bal. Utilities Expense 0 Truck Income Summary Bal. 6,000 0 Bal. Bal. Accum. Depr.-Equip. and Truck 170 Bal. Bal. Depreciation Expense 0 Salaries Expense 0 Insurance Expense Bal. Rent Expense Bal. Bal. Interest Expense 0 Date Accounts and Explanation Debit Credit Dec. 2 Merchandise Inventory 1,500 Accounts Payable-Glow Town Purchased inventory on account. 1,500 Dec. 5 Merchandise Inventory 4,000 Accounts Payable-Dirt Buster 4,000 Purchased inventory on account. Dec. 7 Accounts Payable-Glow Town Merchandise Inventory 500 500 Returned inventory to seller (vendor). Dec. 9 Accounts Payable-Dirt Buster 4,000 Merchandise Inventory 190 Cash 3,810 Paid within discount period. Dec. 11 Accounts Receivable-Merry Cleaners 2,700 Sales Revenue 2,700 Sale on account. Dec. 11 Cost of Goods Sold Merchandise Inventory 750 750 Recorded the cost of goods sold. Dec. 12 Accounts Payable-Glow Town 1,000 Merchandise Inventory 40 Cash 960 Paid within discount period. Dec. 15 Sales Returns and Allowances 900 Accounts Receivable-Merry Cleaners 900 Dec. 15 Sales Returns and Allowances 900 Accounts Receivable-Merry Cleaners 900 Received returned goods. Dec. 15 Merchandise Inventory Cost of Goods Sold 250 250 Placed goods back in inventory. Dec. 21 Cash Sales Discounts Accounts Receivable-Merry Cleaners 1,710 90 1,800 Paid within discount period. Dec. 28 Cash Sales Revenue 3,300 3,300 Cash sale. Dec. 28 Cost of Goods Sold Merchandise Inventory 841 841 Recorded the cost of goods sold. Dec. 29 Utilities Expense 400 Cash 400 Paid cash expenses. Dec. 30 Sales Commissions Expense 100 Cash 100 Paid cash expenses