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During December, the company completed the following transactions. Dec. 6 Paid $3700 for salaries and wages due employees, of which $2,200 was accrued in November
During December, the company completed the following transactions. Dec. 6 Paid $3700 for salaries and wages due employees, of which $2,200 was accrued in November to salaries and wages payable and rest is December's expense. 7 $600 of defective merchandise was returned from a November 30, 2022 sale on account 8 Received $3,000 cash from customers in payment of account (no discount allowed). 10 Sold merchandise for cash $10,200. The cost of the merchandise sold was $5,800. (2 entries required) 13 Purchased merchandise on account from Hecht Co. $5,300, terms 2/10, n/30. 15 Purchased supplies for cash $2,600.00 18 Sold merchandise on account $18,500, terms 3/10, n/30. The cost of the merchandise sold was $9,900. 20 Paid salaries and wages $3,60 gounal entree
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