i just need help with problem b

View Policies Current Attempt in Progress On December 1, 2022 Blossom Company had the following account balances. Debits Credits Cash $18,100 Accumulated Depreciation--Equipment $3,270 Notes Receivable 2,120 Accounts Payable 6,030 Accounts Receivable 7,500 Common Stock 48,700 Inventory 15,500 Retained Earnings 18,530 Prepaid Insurance 1.910 Equipment 31,400 $76,530 $76,530 During December, the company completed the following transactions. Dec. 7 12 17 Received $3,630 cash from customers in payment of account (no discount allowed). Purchased merchandise on account from Green Co. $12,100, terms 1/10, 1/30 Sold merchandise on account $16,700, terms 2/10,n/30. The cost of the merchandise sold was $10,500. Paid salaries $2,180 Paid Green Co. in full, less discount. 19 22 26 Received collections in full, less discounts, from customers billed on December 17, 31 Received $2,740 cash from customers in payment of account (no discount allowed) (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 Dec. 7 Cash 3,630 Accounts Receivable 3,630 Dec 12 Inventory 12.100 Accounts Payable 12.100 Dec. 17 Accounts Receivable 16.700 Sales Revenue 16.700 (To record sales revenue) Dec 17 Cost of Goods Sold 10.500 Twentory 10.500 (To record cost of goods sold) Dec. 19 Salaries and Wages Expense 2.10 Cash 2.10 3 20 - Dec. 22 Accounts Payable 12.100 Inventory 121 Cash 11.979 Dec. 26 Cash 16,366 Sales Discounts 334 Accounts Receivable 16,700 Dec. 31 Cash 2,740 EQ Accounts Recelvable 2,740 Duri (b) Enter the December 1 balances in the ledger T accounts and post the December transactions. (Post entries in the order of journal entries presented above.) Cash LIN Notes Receivable Accounts Receivable Inventory Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Common Stock Retained Earnings Sales Revenue Sales Discounts Question 1 of 1 V 2.5/20 Retained Earnings Sales Revenue Sales Discounts Cost of Goods Sold Salaries and Wages Expense