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on december 1 , 2 0 2 2 , skysong, inc. had the following account balances. 5 . 6 2 / 1 0 debit credit

on december 1,2022, skysong, inc. had the following account balances. 5.62/10 debit credit cash $17,300 accumulated depreciation-equipment $2,900 notes receivable 2,100 accounts payable 6,100 accounts receivable 7,000 common stock 52,100 inventory 16,500 retained earnings 11,900 prepaid insurance 1,500 $73,000 equipment 28,600 $73,000 during december, the company completed the following transactions. dec. 7 received $3,600 cash from customers in payment of account (no discount allowed).12 purchased merchandise on account from vance co. $13,000, terms 1/10, n/30. sold merchandise on account $15,500, terms 2/10, n/30. the cost of the merchandise sold was $9,000.19 paid salaries $2,200.22 paid vance co. in full, less discount. 26 received collections in full, less discounts, from customers billed on december 17.31 received $2.600 cash from customers in payment of account (no discount allowed). prepare classified balance at december 31st

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