Transaction during December, 2020 Dec 1 Paid $1,750 for wages and salaries due employees for November 7 Sold merchandise for cash $5,400. The cost of merchandise sold was $3,900 10 Purchased supplies for cash $3,250 12 Paid advertising for cash $3,600 14 Received $3,870 cash from customers in payment of account (no discount allowed) 16 Purchased merchandise on account from Alibaba Ltd. $5,750, terms 2/10, n/30 17 Miruku Company sold 20 bottles of yogurt @$400 for cash to JustJuice Ltd., FOB Shipping Point, estimated will arrive on December 18, 2020. The cost of the yogurt is $312 each bottle. 19 Sold merchandise on account $16,000, terms 2/10, n/30. The cost of merchandise sold was $9,600 20 Paid Alibaba Ltd. in full 22 Company bought 10 bottles of milk @$350, FOB Destination Point, estimated receipt on December 24, 2020. The freight cost is $120 and will be paid by Miruku Company. The company pays both 25 Received collections in full, less discount, from customers billed on December 19. 28 Bought a trolley for $2,250 29 JustJuice Ltd. returned 5 damaged merchandise that bought on December 17, 2020, to Miruku Company Company's trial balance in December 1, 2020 Account Name Debit Credit Cash $ 40,750.00 Account Receivable 32,000.00 Inventory 25,000.00 Supplies 3,500.00 Land 40,000.00 Building 25,000.00 Accumulated Depreciation-Building $ 2,500.00 Equipment 10,000.00 Accumulated Depreciation-Equipment 1,000.00 Account Payable 45,000.00 Salaries and Wages Payable 1,750.00 Share Capital-Ordinary 47,500.00 Retained Earnings 78,500.00 Total $ 176,250.00 $ 176,250.00 Adjustment Data 1. Accrued salaries and wages payable $1,800 2. Depreciation for building and equipment are $800 and $500 respectively 3. Supplies on hand $2,000 4. Advertising is for 6 months 5. Paid cash dividend to shareholders $2,750 Prepare: 1. Journal entry for December 2020 using perpetual method 2. Unadjusted trial balance (not obligated to make ledger/t-account) 3. Adjusting entry & adjusted trial balance 4. Financial statement (Worksheet not available) 5. Closing entry & post closing trial balance