View Policies Current Attempt in Progress On December 1, 2022, Novak Corp. had the following account balances. Cash Notes Receivable Accounts Receivable Inventory Prepaid Insurance Equipment Debit $17,700 2,100 7,800 15.100 1,700 27.900 $72,300 Accumulated Depreciation-Equipment Accounts Payable Common Stock Retained Earnings Credit $2,900 6,100 52,600 10,700 $72,300 During December, the company completed the following transactions. Dec. 7 Received $3,600 cash from customers in payment of account (no discount allowed). Purchased merchandise on account from Vance Co. $13,000, terms 1/10, 1/30. Sold merchandise on account $16,400, terms 2/10,n/30. The cost of the merchandise sold was $9.600. Paid salaries $2,200 Paid Vance Co. in full, less discount. Received collections in full, less discounts, from customers billed on December 17, Received $2,800 cash from customers in payment of account (no discount allowed). SONS 31 Adjustment data: Adjustment data: 1. 2 Depreciation was $210 per month Insurance of $400 expired in December (a) Journalize the December transactions. (Assume a perpetual inventory system) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (To record sales) = (To record cost of goods sold) Dec. 26 Soforte Attempts:0 of 2 used Subot Awer Question - / 10 > Question 1 of 30 Viewing QL Acrouting Mu (b) The parts of this question must be completed in order. This part will be available when you complete the part above Question 2 Accounting Do Question 3 Accounting Drop (c) The parts of this question must be completed in order. This part will be available when you complete the part above Question 4 Accounting Drop Question 5 Accounting Me (d) The parts of this question must be completed in order This part will be available when you complete the part above Question 6 Question 7 Acrounting or le) The parts of this cuestion must be completed in order. This part will be available when you complete the part above Question 8 entrop Question 9 Account The arts of this question must be completed in order. This art will be available when you complete the art above Question 10