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On December 1, 2022, Skysong, Inc. had the following account balances.

		Debit				Credit
Cash		$17,300		Accumulated DepreciationEquipment		$2,900
Notes Receivable		2,100		Accounts Payable		6,100
Accounts Receivable		7,000		Common Stock		52,100
Inventory		16,500		Retained Earnings		11,900
Prepaid Insurance		1,500				$73,000
Equipment		28,600
		$73,000

During December, the company completed the following transactions.

Dec. 7		Received $3,600 cash from customers in payment of account (no discount allowed).
12		Purchased merchandise on account from Vance Co. $13,000, terms 1/10, n/30.
17		Sold merchandise on account $15,500, terms 2/10, n/30. The cost of the merchandise sold was $9,000.
19		Paid salaries $2,200.
22		Paid Vance Co. in full, less discount.
26		Received collections in full, less discounts, from customers billed on December 17.
31		Received $2,600 cash from customers in payment of account (no discount allowed).

Adjustment data:

1.		Depreciation was $200 per month.
2.		Insurance of $410 expired in December.

(a)

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Your answer is partially correct.

Journalize the December transactions. (Assume a perpetual inventory system.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.)

Date	Account Titles and Explanation	Debit	Credit
Select the transaction date Dec. 7Dec. 12Dec. 17Dec. 19Dec. 22Dec. 26Dec. 31	Enter an account title	Enter a debit amount	Enter a credit amount
	Enter an account title	Enter a debit amount	Enter a credit amount
Select the transaction date Dec. 7Dec. 12Dec. 17Dec. 19Dec. 22Dec. 26Dec. 31	Enter an account title	Enter a debit amount	Enter a credit amount
	Enter an account title	Enter a debit amount	Enter a credit amount
Select the transaction date Dec. 7Dec. 12Dec. 17Dec. 19Dec. 22Dec. 26Dec. 31	Enter an account title to record sales	Enter a debit amount	Enter a credit amount
	Enter an account title to record sales	Enter a debit amount	Enter a credit amount
	(To record sales)
Select the transaction date Dec. 7Dec. 12Dec. 17Dec. 19Dec. 22Dec. 26Dec. 31	Enter an account title to record cost of goods sold	Enter a debit amount	Enter a credit amount
	Enter an account title to record cost of goods sold	Enter a debit amount	Enter a credit amount
	(To record cost of goods sold)
Select the transaction date Dec. 7Dec. 12Dec. 17Dec. 19Dec. 22Dec. 26Dec. 31	Enter an account title	Enter a debit amount	Enter a credit amount
	Enter an account title	Enter a debit amount	Enter a credit amount
Select the transaction date Dec. 7Dec. 12Dec. 17Dec. 19Dec. 22Dec. 26Dec. 31	Enter an account title	Enter a debit amount	Enter a credit amount
	Enter an account title	Enter a debit amount	Enter a credit amount
	Enter an account title	Enter a debit amount	Enter a credit amount
Dec. 26	Enter an account title	Enter a debit amount	Enter a credit amount
	Enter an account title	Enter a debit amount	Enter a credit amount
	Enter an account title	Enter a debit amount	Enter a credit amount
Select the transaction date Dec. 7Dec. 12Dec. 17Dec. 19Dec. 22Dec. 26Dec. 31	Enter an account title	Enter a debit amount	Enter a credit amount
	Enter an account title	Enter a debit amount

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