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journalize the december transactions using a perpetual inventory system. (if no entry is required, write...

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Accounting

journalize the december transactions using a perpetual inventory system. (if no entry is required, write "No Entry" for the account titles and 0 for the amounts.) image
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On December 1,2022 , Sheridan 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. B Received $1,900 cash from customers in payment of account (no discount allowed). 10 Sold merchandise for cash $7,000. The cost of the merchandise sold was $5,100. 13 Purchased merchandise on account from Hecht Co. $9.400, terms 2/10,n/30. 15 Purchased supplies for cash $2,000. 18 Sold merchandise on account $14,100, terms 3/10,n/30. The cost of the merchandise sold was $9,300. 20 Paid salaries $2.700 23 Paid Hecht Ca, in full, less discount: 27 Received collections in fult, less discounts, from customers bilied on December 18

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