Comprehensive Problem 6 (Part Level Submission) On December 1, 2019, Martinez Company had the account balances shown below. Debit Credit Cash $5,600 Accumulated Depreciation-Equipment $1,500 Accounts Receivable 4,000 Accounts Payable 2,800 Inventory 1,760 - Common Stock 19,000 Equipment 21,700 Retained Earnings 9,760 $33,060 $33,060 *(3,200 $0.55) The following transactions occurred during December. Dec.3 Purchased 4,200 units of inventory on account at a cost of $0.65 per unit. 5 Sold 4,600 units of Inventory on account for $0.92 per unit. (Martinez sold 3,200 of the $0.55 units and 1,400 of the 90.65.) 7 Granted the December 5 customer $276 credit for 300 units of inventory returned costing $184. These units were returned to inventory. 17 Purchased 2,100 units of inventory for cash at $0.78 each. 22 Sold 2,000 units of inventory on account for $0.95 per unit. (Martinez sold 2,000 of the $0.65 units.) Adjustment data: 1. 2. Accrued salaries payable $300. Depreciation $200 per month Journalize the December transactions and adjusting entries, assuming Martinez uses the perpetual Inventory method. (Credit account titles ar entered. Do not Indent manually. Record journal entries in the order presented in the problem.) Account Titles and Explanation Debit Credit Date Dec. 1 3 (To record sales revenue.) (To record cost of goods sold.) (To record sales returns.) (To record cost of sales returns.) (To record sales returns.) (To record cost of sales returns.) (To record sales revenue.) (To record cost of goods sold.) (To record accrued expense.) (To record depreciation expense.)