Current Attempt in Progress On December 1, 2022, Marigold Corp. had the following account balances. Debit Credit Cash $17,800 Accumulated Depreciation-Equipment $2,900 Notes Receivable 2,100 Accounts Payable 6,000 Accounts Receivable 7,700 Common Stock 52,300 Inventory 15,600 Retained Earnings 11,600 Prepaid Insurance 1,500 $72,800 Equipment 28,100 $72,800 During December, the company completed the following transactions. Dec. 7 Received $3,700 cash from customers in payment of account (no discount allowed). Purchased merchandise on account from Vance Co. $11,000, terms 1/10, n/30. Sold merchandise on account $16,400, terms 2/10, n/30. The cost of the merchandise sold was $9,200. 12 17 19 Paid salaries $2,200. 22 Paid Vance Co. in full, less discount. 26 Received collections in full, less discounts, from customers billed on December 17. 31 Received $2,800 cash from customers in payment of account (no discount allowed). Adjustment data: 1. Depreciation was $200 per month. 2. Insurance of $410 expired in December. Enter the December 1 balances in the ledger T-accounts and post the December transactions. (Post entries in the order of journal entries presented in the previous part.) Cash Notes Receivable Accounts Receivable Inventory Prepaid Insurance Equipment Accumulated Depreciation-Equipment Inventory Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Common Stock Retained Earnings Sales Revenue Sales Discounts Cost of Goods Sold Salaries and Wages Expense