journalize the December transactions using a prepetual inventory system. Cash

Accounts Receivable

Inventory

Supplies

Equipment

Debit

$$7,200$

$5,300$

$12,500$

$1,300$

$22,000$

$$48,300$

Accumulated Depreciation $-$Equipment

Accounts Payable

Salaries and Wages Payable

Owner's Capital

Credit

$$2,200$

$4\mathrm{.}800$

$1\mathrm{.}000$

$40\mathrm{.}300$

$$48,300$

During December, the company completed the following summary transactions.

Dec. $6$

$8$

$10$

$13$

$15$

$18$

$20$

$23$

$27$

Paid $$1,700$ for salaries and wages due employees, of which $$700$ is for December and $$1,000$ is for November salaries and wages payable.

Received $$1,800$ cash from customers in payment of account $($no discount allowed$).$

Sold merchandise for cash $$6,600.$ The cost of the merchandise sold was $$4,200.$

Purchased merchandise on account from Boehm Co$.$ $$8,500,$ terms $2/10,$ n$/30.$

Purchased supplies for cash $$1,700.$

Sold merchandise on account $$12,700,$ terms $3/10,$ n$/30.$ The cost of the merchandise sold was $$8,300.$

Paid salaries and wages $$1,600.$

Paid Boehm Co$.$ in full, less discount.

Received collections in full, less discounts, from customers billed on December $18.$