Comprehensive Accounting Cycle Review 5-1 (Part Level Submission)

On December 1, 2017, Devine Distributing Company had the following account balances.

		Debit				Credit
Cash		$7,500		Accumulated DepreciationEquipment		$2,440
Accounts Receivable		5,400		Accounts Payable		4,800
Inventory		11,800		Salaries and Wages Payable		1,000
Supplies		1,200		Common Stock		15,000
Equipment		24,400		Retained Earnings		27,060
		$50,300				$50,300

During December, the company completed the following summary transactions.

Dec. 6		Paid $1,700 for salaries due employees, of which $700 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 $4,100.
13		Purchased merchandise on account from Hecht Co. $9,500, terms 2/10, n/30.
15		Purchased supplies for cash $1,600.
18		Sold merchandise on account $13,000, terms 3/10, n/30. The cost of the merchandise sold was $8,200.
20		Paid salaries $1,600.
23		Paid Hecht Co. in full, less discount.
27		Received collections in full, less discounts, from customers billed on December 18.

Journalize the December transactions using a perpetual inventory system. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)