Prepare the journal entries
6 On December 15, Rocky Ram, Inc. made a sale in the amount of $80,000 to Poodle & Co (terms 2/10, n/30). The cost of the inventory sold was $55,000.
7 On December17, Board of Directors declared $8,200 in dividends to be paid in January
8 On December 20, the company paid employees $31,000 for wages earned during the period from December 1 through December 15, 2015
9 On December 25, received full payment from Poodle & Co. for sale made December 15(J6) within the discount period.
10 On December 25, Rocky Ram, Inc. made a sale in the amount of $140,000 to Bulldog Inc. (terms 2/10, n/30). The cost of the inventory sold was $90,000.