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E1 Please help me for details On December 1,2022, Divine Distributing Company had the following account balances. During December, the company completed the following summary
E1 Please help me for details
On December 1,2022, Divine Distributing Company had the following account balances. During December, the company completed the following summary transactions. Dec Paid $1,600 for salaries and wages due employees, of which $600 is for December and $1,000 is for November salariea 6 and wages payable. 8 Recelved $1,900 cash from customers in payment of account (no discount aliowed). 10 Sold merchandise for cash $6,300. The cost of the merchandise sold was $4,100. 13 Purchased merchandise on account from Hecht Co. 59,000 , terms 2/10,n/30. 15 Purchased supplies for cash $2,000. 18 Sold merchandise on account $12,000, terms 3/10,n/30. The cost of the merchandise soid was $8,000. 20 Paid salaries wages $1,800 23 Paid Hecht Co. in full, less discount 27 Recelved coliections in full, less discounts, from customers billed on December 18. Adjustment data: 1. Accrued salaries and wages payable 5800 . 2. Depreciation $200 per month 3. Supplies on tand 51,500 . (e1) Prepare an income statement for December. Divine Distributing Compary Income Statement 5 1 5 eTertbook and Media Ust of Accounts (e2) Step by Step Solution
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