Transaction adjustment data: Wages payable and wages accrued at end of period are $ 800 Depreciation per month of $ 200 Supplies on hand at the end of the period of $ 1,700

QUESTION: Based on transactions during December 2018 and adjusting data, A. do the income statement, B. do the closing entries using a perpetual method , C. based on the answer to point b, do the closing journal posting to the closing ledger. also include the accounts number in the adjustment ledger D. prepare a closing trial balance using a perpetual method.

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On ist December 2018, the trading company Neptune had a list of balances as follows: Cash Account Receivable Inventory Supplies Equipment Debit s 7.200 4.600 12.000 1.200 22.000 S47.000 Accumulated Depreciation Equipment Account Payable Salaries & Wages Payable Shared Capital Ordinary Retained Earnings Credits 2.200 4.500 1.000 30.000 9.300 $47.000 During December 2018, the company carried out the transactions which are summarized below: 6 December: Paid salaries and wages of employees past due of $ 1,600; Salaries and wages expense for employees for December is $ 600, while $ 1,000 is payable for employees' salaries and wages for November 8 December: Received $ 2,100 in full from customer (no discount given to consumer). 10 Desember: Sold merchandise for cash for $ 6,600; The cost of goods sold (COGS) of the merchandise sold was $ 4,100. 13 Desember. Purchasing merchandise on credit from Galle company for $9,000 on credit terms 2/10,n/30. 15 Desember.: Purchased supplies for S 2,000 cash. 18 Desember: Sold merchandise on account for $ 12,000 on credit terms (credit term) 3/10, n /30. The cost of goods sold (COGS) of the merchandise sold was $ 8,400. 20 Desember. Paid S 1,800 in salaries and wages 23 Desember: Paying accounts payable to Galle company in full and get a discount. 27 Desember Receive full payment of receivables from consumers for transactions on December 18, 2018. The consumer gets a discount. The following is a list of account numbers used by the merchandising company Neptune: 101 Cash 112 Account Receivable 120 Inventory 126 Supplies 157 Equipment 158 Accumulated Depreciation Equipment 201 Account Payable 212 Salaries & Wages Payable 305 Income Summary 311 Shared Capital Ordinary 320 Retained Earnings 401 Sales 414 Sales Discount 500 Purchase 501 Purchase Discount 505 Cost of Goods Sold 631 Supplies Expense 711 Depreciation Expense 726 Salaries & Wages Expense