View Policies Show Attempt History Current Attempt in Progress On December 1, 2020, Bramble Printers had the account balances shown below. Credit Debit 1.950 Cash 6.045 Accumulated Depreciation Equipment 3,900 5,070 Accounts Payable Accounts Receivable 26,000 Inventory 2.535 Share Capital - Ordinary 9,100 27.300 Retained Earnings Equipment E 40.950 E 40.950 "(3,900 x 0.65) The following transactions occurred during December: USLUULO 11.67/35 The following transactions occurred during December Dec. 3 5 7 Purchased 5.200 units of inventory on account at a cost of 0.72 per unit. Sold 5,720 units of inventory on account for 0.92 per unit. (It sold 3.900 of the 0.65 units and 1,820 of the 0.72.) Granted the December 5 customer 239 credit for 260 units of inventory returned costing 184. These units were returned to inventory Purchased 2,860 units of inventory for cash at 0.78 each. Sold 2,600 units of inventory on account for 0.95 per unit. (It sold 2,600 of the 0.72 units.) 17 22 Adjustment data: 1 Accrued salaries payable 520. Depreciation 260 per month. 2 Question 6 of 6 11.67/35 Your answer correct Journalize the December transactions and adjusting entries assunin Brambles the perpetual inventory method Credit account titles are automatically indented when amount is entered to not indent manually cand jornal entries in the order presented in the problem. Round answers to decimal places, 5,2751 Date Account Titles and Explanation Debit Credit 100 to record server Dies Control (To record cost of goods sold) 21 Question 6 of 6 To record sales retur forecord cost of arms.) Dec JOU 22 To record sales revenue LULUI (To record cost of goods sold) Det To record accrued pine Dec : To record depreciation expense) List of Accounts Attempts: 3 of 3 used le Compute ending inventory and cost of goods sold under FIFO, assuming Bramble Printers uses the periodic inventory system, Ending Inventory E Cost of Goods Sold E List of Accounts