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Fill out this balance sheet On December 1,2025 , Cullumber Company had the account balances shown below. Inventory =(3,300$0.60) The following transactions occurred during December.

Fill out this balance sheet
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On December 1,2025 , Cullumber Company had the account balances shown below. Inventory =(3,300$0.60) The following transactions occurred during December. Dec. 3 Purchased 4.300 units of inventory on account at a cost of $0.70 per unit. 5 Sold 4,700 units of inventory on account for $0.80 per unit. (Cullumber sold 3,300 of the $0.60 units and 1.400 of the $0.70 units.) 7 Granted the December 5 customer $80 credit for 100 units of inventory returned costing $70. These units were returned to inventory. 17 Purchased 2,300 units of inventory for cash at $0.90 each. 22 Sold 2,000 units of inventory on account for $0.99 per unit. (Cullumber sold 2,000 of the $0.70 units.) 1. Accrued salaries and wages payable $450. 2. Depreciation on equipment $190 per month. 3. Income tax expense was $220, to be paid next year. CULLUMBER COMPANY Balance Sheet December 31, 2025 Assets $ 5 Liabilities and Stockholders' Equity Liabilities and Stockholders' Equity

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