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On December 1, 2022, Ivanhoe Distributing Company had the following account balances. During December, the company completed the following summary transactions. Dec. 6 Paid $1,600 for salaries due employees, of which $600 is for December and $1,000 is for November salaries payable. 8 Received $1,900 cash from customers in payment of account (no discount allowed). 10 Sold merchandise for cash $6,700. The cost of the merchandise sold was $4,800. 13 Purchased merchandise on account from Hecht Co. $8,800, terms 2/10. n/30. 15 Purchased supplies for cash $2,000. 18 Sold merchandise on account $13,200, terms 3/10,n/30. The cost of the merchandise sold was $8,700. 20 Paid salaries $2,400. 23 Paid Hecht Co. in full, less discount. 27 Received collections in full, less discounts, from customers billed on December 18. Joumalie the December transactions uting a perpetual inventory system. (Credt scenunt fitles are autometically indentad whin Account: Receivabld 190 Canh 6700 Sales fievenat (To record the sales revenue.) Cost of Goeds 5 sild Inentary (To record cont of goods sold.) Invertery 4m00 re.13 4300 Accounts Payable ecis V Suppliei 2000 2000 [Torecord the sales revenue] Cost el Conds Fold Imentory (To record cost of goods sold) Salario and Wages Expense 2400 vec20 Accounts Perablo beventory Cmh