Consider the December transactions for Crystal Clear Cleaning that were presented in Chapter 5. Crystal Clear uses the perpetual inventory system. Dec. 2 Purchased 475 units of inventory for $2,850 on account from Sparkle, Co. on terms, 3/10, n/20. 5 Purchased 600 units of inventory from Borax on account with terms 2/10, n/30. The total invoice was for $4,500, which included a $150 freight charge. 7 Returned 75 units of inventory to Sparkle from the December 2 purchase. 9 Paid Borax. 11 Sold 285 units of goods to Happy Maids for $3,990 on account with terms 3/10, n/30. 12 Paid Sparkle. 15 Received 22 units with a retail price of $308 of goods back from customer Happy Maids. The goods cost Crystal Clear $132. 21 Received payment from Happy Maids, settling the amount due in full. 28 Sold 265 units of goods to Bridget, Inc. for cash of $3,975. 29 Paid cash for utilities of $415. 30 Paid cash for Sales Commission Expense of $550. 31 Recorded the following adjusting entries: a. Physical count of inventory on December 31 showed 428 units of goods on hand. b. Depreciation, $270 c. Accrued salaries expense of $725 d. Prepared all other adjustments necessary for December (Hint: You will need to review the adjustment information in Chapter 3 to determine the remaining adjustments). Assume the cleaning supplies left at December 31 are $30. Requirements 1. Prepare perpetual inventory records for December for Crystal Clear Cleaning using the FIFO invent
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