journalize the December transactions using a prepetual inventory system. Cash
Accounts Receivable
Inventory
Supplies
Equipment
Debit
$
$
Accumulated Depreciation Equipment
Accounts Payable
Salaries and Wages Payable
Owner's Capital
Credit
$
$
During December, the company completed the following summary transactions.
Dec.
Paid $ for salaries and wages due employees, of which $ is for December and $ is for November salaries and wages payable.
Received $ cash from customers in payment of account no discount allowed
Sold merchandise for cash $ The cost of the merchandise sold was $
Purchased merchandise on account from Boehm Co $ terms n
Purchased supplies for cash $
Sold merchandise on account $ terms n The cost of the merchandise sold was $
Paid salaries and wages $
Paid Boehm Co in full, less discount.
Received collections in full, less discounts, from customers billed on December
