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On December 1, 2022, Pharoah Distributing Company had the following account balances.
| | | Debit | | | | Credit |
| Cash | | $6,700 | | Accumulated DepreciationEquipment | | $2,200 |
| Accounts Receivable | | 4,100 | | Accounts Payable | | 4,000 |
| Inventory | | 11,500 | | Salaries and Wages Payable | | 1,000 |
| Supplies | | 1,200 | | Common Stock | | 15,000 |
| Equipment | | 22,000 | | Retained Earnings | | 23,300 |
| | | $45,500 | | | | $45,500 |
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 $5,800. The cost of the merchandise sold was $3,900. |
| 13 | | Purchased merchandise on account from Hecht Co. $7,000, terms 2/10, n/30. |
| 15 | | Purchased supplies for cash $2,000. |
| 18 | | Sold merchandise on account $10,500, terms 3/10, n/30. The cost of the merchandise sold was $6,900. |
| 20 | | Paid salaries $1,500. |
| 23 | | Paid Hecht Co. in full, less discount. |
| 27 | | Received collections in full, less discounts, from customers billed on December 18. |
a.) Journalize the December transactions using a perpetual inventory system.
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