On December $1,2022,$ Divine Distributing Company had the following account balances.

Debit Credit

Cash $15,200\mathrm{.}00$

Accounts Receivable $6,750\mathrm{.}00$ Accumulated Depreciation$$Equipment $15,000\mathrm{.}00$

Note Receivable $5,500\mathrm{.}00$ Accounts Payable $7,750\mathrm{.}00$

Inventory $13,150\mathrm{.}00$ Unearned Service Revenue $2,400\mathrm{.}00$

Supplies $2,350\mathrm{.}00$ Salaries and Wages Payable $2,200\mathrm{.}00$

Prepaid Rent $14,400\mathrm{.}00$ Common Stock $60,000\mathrm{.}00$

Equipment $75,000\mathrm{.}00$ Retained Earnings $45,000\mathrm{.}00$

$132,350\mathrm{.}00132,350\mathrm{.}00$

During December, the company completed the following transactions.

Dec. $6$ Paid $$3700$ for salaries and wages due employees, of which $$2,200$ was accrued in November to salaries and wages payable and rest is December's expense.

$7$ $$600$ of defective merchandise was returned from a November $30,2022$ sale on account

$8$ Received $$3,000$ cash from customers in payment of account $($no discount allowed$).$

$10$ Sold merchandise for cash $$10,200.$ The cost of the merchandise sold was $$5,800.(2$ entries required$)$

$13$ Purchased merchandise on account from Hecht Co$.$ $$5,300,$ terms $2/10,$ n$/30.$

$15$ Purchased supplies for cash $$2,600\mathrm{.}00$

$18$ Sold merchandise on account $$18,500,$ terms $3/10,$ n$/30.$ The cost of the merchandise sold was $$9,900.$

$20$ Paid salaries and wages $$3,600.$

$21$ Paid $$2,880$ in advance for next year's annual insurance

$23$ Paid Hecht Co$.$ in full, less discount.

$27$ Received collections in full, less discounts, from customers billed on December $18.$

$28$ Received $$2,000$ from customers for services to be preformed in the future

$29$ Purchase Equipment on account for $$18,000$

Adjustment data:

$1.$ Accrued salaries and wages payable were $$1,100$ at the end of December.

$2.$ Depreciation was $$1025$ per month.

$3.$ Supplies on hand were $$1,250$

$4.$ One month of interest income should be recorded on the $$5,500$ Note Receivable at an APR of $6\%($round up to nearest dollar$)$

$5.$ Services were preformed to satisfy $$1900$ of the unearned revenue

$6.$ December's prepaid rent has been used $($annual amount was $$14,400$ as recorded in Prepaid Rent$).$