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On December 1, 2022, Bramble Company had the account balances shown below. Debit Credit Cash $5,300 Accumulated Depreciation-Equipment $1,200 Accounts Receivable 3.800 Accounts Payable
On December 1, 2022, Bramble Company had the account balances shown below. Debit Credit Cash $5,300 Accumulated Depreciation-Equipment $1,200 Accounts Receivable 3.800 Accounts Payable 3,000 Inventory 2,400 Owner's Capital 27,300 Equipment 20,000 $31.500 $31.500 14,000 x $0.60) The following transactions occurred during December Dec. 3 Purchased 4,200 units of inventory on account at a cost of $0.78 per unit. 5 Sold 4,500 units of inventory on account for $0.94 per unit. (Bramble sold 4,000 of the $0.60 units and 500 of the $0.78) 7 Granted the December 5 customer $192 credit for 200 units of inventory returned costing $128. These units were returned to inventory 17 Purchased 2.300 units of inventory for cash at $0.84 each 22 Sold 3.200 units of inventory on account for $0.99 per unit. (Bramble sold 3,200 of the $0.78 units)
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