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need help making rhe december transactions for both credit and debit. thanks! On December 1, 2022 Wildhorse Co. had the following account balances. Debits Credits
need help making rhe december transactions for both credit and debit. thanks!
On December 1, 2022 Wildhorse Co. had the following account balances. Debits Credits Cash $ 19,200 Accumulated Depreciation-Equipment $ 3,280 Notes Receivable 2.290 Accounts Payable 6,150 Accounts Receivable 7.490 Common Stock 49,800 Inventory 15,600 Retained Earnings 18,900 Prepaid Insurance 1.750 Equipment 31.800 $78,130 $78,130 During December, the company completed the following transactions. Dec 7 12 17 19 Received $ 3,530 cash from customers in payment of account (no discount allowed) Purchased merchandise on account from Green Co. $ 11.900, terms 1/10, 1/30. Sold merchandise on account $ 16,400, terms 2/10,n/30. The cost of the merchandise sold was $ 10,100. Paid salaries $2.020 Paid Green Co. in full, less discount Received collections in full, less discounts, from customers billed on December 17. Received $ 2.780 cash from customers in payment of account (no discount allowed). 22 26 31 Dale Account Titles and Explanation Debit Credit Dec. 7 Dec 12 > Dec 17 (TolPecord sales revenue) Dec 19 (To record cost of goods sold) Dec 22 Dec 26 Dec. 26 Dec. 31 Step by Step Solution
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