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how do you make a income statment and a balance sheet?? The following transactions occurred during December. Dec. 3 Purchased 4,300 units of inventory on
how do you make a income statment and a balance sheet??
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. (It sold 3,300 of the $0.60 units and 1,400 of the $0.70.) 7 Granted the December 5 customer $80 credit for 100 units of inventory returned costing $50. 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. (It sold 2.000 of the $0.70 units.) Prepare an adjusted trial balance as of December 31,2022. Prepare a classified balance sheet at December 31, 2022. (Lht cument assets in orfer of Aquidity) 5 Liabilities and Stockholders' Equity 5 Step by Step Solution
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