Date 12000 on Dec. 1, 2017, Devine Distributing Compony had the following accolind Balonces. Dobi Credit kash. $7200 Accumleted Deprecohen $ 22.06. Accouns Reco 4,600 Accounts Payble 4506 Inventory Sclery & woges Payble 1000 Supplies 1300 Common stock 1360o Equipment 22600 Retoined Earrings (24306 $ 47000 $47000 Desting Dee the company complesed following transactions "Dec 6 Paid & 1600 for Salonies due empolyees of which & 600 is for December 8 & 1000 for November Salary Payble. 8. Recived & 1900 cash from customers in payment of account No Discound Allowed) 10 Sold merchandise for Cash $6300, the cost of the merchandise sold was $ uloo. 13. Purchased merchandise on account from Hecht Co. $ 9ooo! feams 2/10, 2/3o. 15. Purchased Supplies for Cash $2000. 18 sold merchandise on account $12000, terms 3/18. 13o. The cost of the more handse sold was $8000. Paid Solonics & 180o. 23 Paid Hecht Coin full less Discount. 27 Received collections in full less Discounts from customers billed on December 18. s 1 2 Adjustment Data Accaved salaries pouble $ 800. Depreciation $200 per month 3. Supplies on hand $ isoo. 4. Income tax Due & unpaid at Dec. 31 is $200. (6) Journalize the December transactions using a Prepotual Inventory system. Enter the December 1 Balance in the Ledger To accounts and post the Dec. transactions. use cost of goods sd. Depreciation Expense, Solosies 3 wages Expenses, Soles Revenue. Soiles Discount, supplies Expense, Income fox Expense, and Income taxes porble. Journalize and fast adusting entries, Prepare an adjusted trial Bolonce Prepare an income statement and a Retained earrings statement for December anda Classified Balance Sheet at December 31. d) (e)