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On December 1, 2022, Blossom Company had the following account balances. During December, the company completed the following transactions. Dec. 7 Received $3,600 cash from

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed On December 1, 2022, Blossom Company had the following account balances. 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. $12,400, terms 1/10,n/30. 17 Sold merchandise on account $16,400, terms 2/10,n/30. The cost of the merchandise sold was $9,600. 19 Paid salaries $2,100. 22 Paid Vance Co. in full, less discount. 26 Received collections in full, less discounts, from customers billed on December 17. 31 Received $2,800 cash from customers in payment of account (no discount allowed). Adjustment data: 1. Depreciation was $200 per month. 2. Insurance of $400 expired in December. Salaries and Wages Expense

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