(To record cost of goods sold.) sec20% Salaries and Wocer Expense Canh sec23 sec23 Accounts Pavable Cash Inveotary 27 Sales Discount: Cin Necounts fenceivablet 1800 9000 eTextbook and Media List of Accounts Question 1 of 1 0.11/1i Assets 0.11/1 \begin{tabular}{lr|r|} & Sales Discounts \\ \hline 12/27 & 360 & \\ \hline 12/31 Bal. & 360 & \end{tabular} \begin{tabular}{lr|r|} \hline \multicolumn{2}{c}{ Cost of Goods Sold } \\ \hline 12/10 & 4,100 & \\ \hline 12/18 & 8,000 & \\ \hline 12/31 Bal. & 12,100 & \end{tabular} Depreciation Expense Salaries and Wages Expense Prepare an adjusted trial balance. Inventory \begin{tabular}{lr|lr} 12/1 Bal, & 12,000 & 12/10 & 4,100 \\ \hline 12/13 & 9,000 & 12/18 & 8,000 \\ \hline 12/31 Bal. & & 12/23 & 180 \\ \hline \end{tabular} \begin{tabular}{ll|l} & \multicolumn{2}{c}{ Equipment } \\ \hline 12/1Bal & 22,000 & \\ \hline 12/31Bal & 22,000 & \end{tabular} Current Attempt in Progress On December 1,2022, Divine Distributing Company had the following account balances. Durine December, the company completed the followine summary transactions. Dec Paid $1,000 for walaries and wages due employees, of which $600 is for December and $1,000 b for November warles and waeve paratle. 1050 id merchandise for cash $6,300 me cost of the merchandise sold was $4,100. Prepare an retained earnings statement for December. Journalize the adjusting entries. (Credit occount tities are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry' for the account titles and enter 0 for the amounts.) \begin{tabular}{|l|ll|} \hline \multicolumn{3}{|c|}{ Common Stock } \\ & 12/1 Bal. & 30,000 \\ \hline & 12/31 Bal. & 30,000 \end{tabular} \begin{tabular}{l|ll|} \hline \multicolumn{2}{|c|}{ Retained Earnings } \\ & 12/1 Bal. & 9,300 \\ \hline & 12/31 Bal. & 9,300 \end{tabular} \begin{tabular}{|l|lr|} \hline \multicolumn{2}{|c|}{ Sales Revenue } \\ & 12/10 & 6,300 \\ \hline & 12/18 & 12,000 \\ \hline & 12/31 Bal. & 18,300 \end{tabular} Sales Discounts Liabilities and Stockholder's Equity (To record cost of goods sold.) sec13 Inventory Accounts Payable xec15 Supplies Cath 200.18 Accounts Recelvable Sales Revenue (To record the sales revenue.) Costorcoods sota Imentory (To record cost of goods sold.) 20020 9000 2000 12000 12000 1000 Enter the December 1 balances in the ledger T-accounts and post the December transactions, Use Cost of.Goods Sold, Depreciation Expense, Salaries and Wages Expense, Sales Revenue, Sales Discounts, and Supplies Expense. (Post entries in the order of fournal entries presented above. For accounts with a zero balance select "12/31 Bal." from the list and enter on the normal balance side for that occount and enter " 0 " for the amount.) \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Accounts Payable } \\ \hline \multirow[t]{3}{*}{12/23} & 9,000 & 12/1 Bal. & 4.500 \\ \hline & & 12/13 & 9,000 \\ \hline & & 12/31 Bat. & 4,500 \\ \hline \end{tabular} Post the adjusting entries. (Post entries in the order of journal entries presented above) 10 Sold merchandise for cash $6,300. The cost of the merchandise sold was $4,100. 13 Purchased merchandise on account from Hecht Co,$9,000, terms 2/10,n/30. 15 Purchased supplies for cash $2,000. 18 Sold merchandise on account $12,000, terms 3/10,n/30. The cost of the merchandise sold was $8,000. 20 Paid salaries wages $1,800. 23 Paid Hecht Co, in full, less discount. 27 Received collections in full, less discounts, from customers billed on December 18. Adjustment data: 1. Accrued salaries and wages payable $800. 2. Depreciation $200 per month. 3. Supplies on hand $1,500. eTextbook and Media Record journal entries in the order presented in the problem.)
