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12600 1300 22600 $ 47000 5 . . on Dec 1.267. Devine Distributing company hed the following account Balances Dobe, Credit kash $7360 Accumletej Deprecenon $ 3300 Accounts Rec. 4,600 Accounts Payble 4506 Inventore Sclery & wages Pouble Supplies Common stock 10 0 0 Equipment Retoined Eeschinge 24306 $47000 "Dec 6 Paid & 1600 for Salonies due empolyees of which & 606 Deming Dee the company. Completed following transactions is for December 8 & 1000 for November Salary Payble. 8. Recived & 1900 cash from customers in payment of account C No Discount Allowed) 10 sold merchandise for Cash $6300. The cast of the merchandise sold was $41oo.. 13. Purchased merchandise on account from Hecht Co. $9000 Feams 2/10, 4130 Purchased Supplies for cash $ 2000.- 18 Sold merchandise on account $12000, terms 3/10. 13o. The cost of the morehands's 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. . . IS 1 Adjustment Data Accaved solasies Poule $ 800. Depreciation $200 per month 3. Supplies on hand $ isoo. 4. Income tax Due & unpaid at Dec. 31 is $200 2 Journalize the Decembes tonsections using a Prepotual Inventory system. (6) Enter the December 1 Balance in the Ledger T-accounts and post the Dec. transactions. use cost of goods sold. Depreciation Expense Salonies 8 Loges Expenses, Sales Revenue. Sales Discount, Supplies Espende Income tax Expense, and Income taxes porble. c) Journalize and fast adausting entries (d) Prepare an adjusted trial Bolonce. (e) Brepare an income statement and a Retained earrings statement for December and a Classified Bolonce sheet at December 31