Hi If anyone can help me it would be extremely appreciated T

Hi! If anyone can help me it would be extremely appreciated! THANK YOU SO MUCH IF YOU CAN HELP! I am on a delayed flight and I am unable to use my book!

On December 1, 2017, Wildhorse Co. had the account balances shown below Debits Cash Accounts Receivable Inventory (3,100 x $0.60 Equipment Credits $4,580 Accumulated Depreciation-Equipment $1,490 3,240 10,900 17,630 $33,260 4,020 Accounts Payable 1,860 Common Stock 22,800 Retained Earnings $33,260 The following transactions occurred during December Dec. 3 Purchased 4,100 units of inventory on account at a cost of $0.67 per unit. 5 Sold 4,500 units of inventory on account for $0.90 per unit. (It sold 3,100 of the $0.60 units and 1,400 of the $0.67.) 7 Granted the December 5 customer $270 credit for 300 units of inventory returned costing $240. These units were returned to inventory 17 Purchased 2,500 units of inventory for cash at $0.70 each 22 Sold 2,400 units of inventory on account for $0.86 per unit. (It sold 2,400 of the $0.67 units.) Adjustment data: 1. Accrued salaries and wages payable $390 2. Depreciation on equipment $190 per month 3. Income tax expense was $230, to be paid next year Journalize the December transactions and adjusting entries, assuming Wildhorse Co. uses the perpetual inventory method. (Credit account titles are automatically indented when amount is entered. Do not indent manually, Record journal entries in the order presented in the problem.)

Solution

Journal entries Date Account\'s tittle Debit $ Credit $ 3-Dec Inventory ( 4,100 units x $ 0.67 )                 2,747 Accounts Payable                 2,747 ( to be record purchase of inventory on account ) 5-Dec Accounts Receivable ( 4,500 units x $ 0.90 )                 4,050 Sales revenue                 4,050 ( to be record sale of 4,500 units on account ) 5-Dec Cost of goods sold ( 3,100 units x $ 0.60 + 1,400 units x $ 0.67 )                 2,798 Inventory                 2,798 ( adjustment entry for cost of goods sold) 7-Dec Sales revenue ( 300 units x $ 0.90)                    270 Accounts Receivable                    270 ( Reversal entry for sales return ) 7-Dec Inventory                    240 Cost of goods sold                    240 ( Reversal of cost of goods sold for goods returned back ) 17-Dec Inventory ( 2,500 units x $ 0.70 )                 1,750 Cash                 1,750 ( cash purchase of 2,500 units at a price of $ 0.70 per unit ) 22-Dec Accounts Receivable ( 2,400 units x $ 0.86 )                 2,064 Sales revenue                 2,064 ( to be record sale of 2,400 units on account ) 22-Dec Cost of goods sold (2,400 units x $ 0.67 )                 1,608 Inventory                 1,608 Adjustment entries 31-Dec Salaries and wages expenses                    390 Salaries and Wages payable                    390 ( to be record accrued salary ) 31-Dec Depreciation expenses                    190 Accumulated depreciation -equipment                    190 ( depreciation charged for equipment ) 31-Dec Income Tax expenses                    230 Income Tax payable                    230