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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
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 parable. 8 Received \$1,900 eash from customers in payment of account (no discount allowred) 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 supplifes for cash $2.000 18 Sold merchandise on account $14,100, terms 3/10,n/30, The cost of the merchandise sold was $9,200. 20 Paidsalaries $2700 23 Pald Hectit Co in full les discount. 27 Received collections in full, low discounts from customers billed on December 18 Journalize the December transactionsusingaperpetial inventory system. (Credit account tiffes are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titfes and enter 0 for the amounts. List all debit entries before credit entries.) Doc. 13: (To record the sales revenue.) (To record cost of goods sold) SUPPORT
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