On December 1, 2022. Wildhorse Distributing Company had the following account balances. During December, the company completed the following summary transactions: Dec 6 Paid $1,600 for salaries due employees, of which $600 is for December and $1,000 is for November salaries payable. 8 Received $1,900 cash from customers in payment of account (no discount allowed). 10 Sold merchandise for cash $6,300. The cost of the merchandise sold was $4,400. 13 Purchased merchandise on account from Hecht Co. $8,000, terms 2/10,n/30. 15 Purchased supplies for cash $2.000. 18 Sold merchandise on account $12,000, terms 3/10,n/30. The cost of the merchandise sold was $7,900. 20 Paidsalaries $2,000. 23 Paid Hecht Ca in full, less discount. 27 Peceived collections in fult. less discounts, from customers bilied on December 18 . Question 1 of 1 30.5 Prepare an adiusted trial balance. Question 1 of 1 30.5/50i 12/31Ba 7540 Post the zbove adjusting entries. Pust entries in the ader of fournol entries presented above] Question 1 of 1 30.5/50 (Torecord the sales revemue) Comtot Goodis Sold Inivention (To record cost of eoods sold) cos20% Sorries and Woges Everme ash coc2 aw Textbook ond Media Solution Lat of Noowints Iaunchid =c645b5c6-b152-4ddt-3846-1424d4146136*/question/0 R Megan fuccing Strut.. R Pedal Commander L. * Pedal Commander I. R Godspeed Traction. R Res Hyper Street ll. Question 1 of 1 30.5/50 \begin{tabular}{l|l|l|} \hline \multicolumn{1}{|c|}{ Common Stock } & \\ \hline & 12/1Bal & 15,000 \\ \hline & 12/31Bal & 15,000 \\ \hline \end{tabular} \begin{tabular}{l|l|l|} \hline \multicolumn{1}{l}{ Retained Eamings } & \\ & 12/1Bal & 24300 \\ \hline & 12/31Bal & 24,300 \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{c|}{ Sales Revenie } & \\ & 12/10 & 6.300 \\ & 12/18 & 12,000 \\ \hline & 12/31801 & 18,300 \end{tabular} \begin{tabular}{l|r|r|} & Sales Discounts \\ 12/27 & 360 & \\ \hline 12/318121. & 360 & \end{tabular} \begin{tabular}{lr|r|} & \multicolumn{1}{c}{ Cost of Goods Sold } \\ \hline 12/30 & 4,400 \\ 12/36 & 7,300 & \\ \hline 12/21 Bat: & 12,300 & \end{tabular} - Megan Racing Strut. R Pedal Commander l... * Pedal Commander |... R GodSpeed Traction.. R Rev9 Hyper Street II. Question 1 of 1 30.5/50 Income Taxes Payable eTextuook and Media List of Accounts Grestion Part Score Aftempts: 3 of a used (d) Iestion 1 of 1 30.5/50 Your answer is correct. Adjustment data. 1. Accrued salaries payable $500. 2 Deprediation $200 per month. 3. Supplies on hand $1,500 4. Income taxdue and unpaid at December 32 is $100. No. Account Titles and Explanation 1. Salaries and Wagukabense Solariestand Wobsi Prabie 2. Aerumilated Depredavopr Eqientent 1 Siscliea Copent a. Foume tar Gopares Debit 100 Credit Entes the December 1 bolances in the ledger T-3ccounts and post the December transactions. (Post entries in the order of journ entrles presented above) Iestion 1 of 1 30.5/50 Your answer is correct. Adjustment data. 1. Accrued salaries payable $500. 2 Deprediation $200 per month. 3. Supplies on hand $1,500 4. Income taxdue and unpaid at December 32 is $100. No. Account Titles and Explanation 1. Salaries and Wagukabense Solariestand Wobsi Prabie 2. Aerumilated Depredavopr Eqientent 1 Siscliea Copent a. Foume tar Gopares Debit 100 Credit Question 1 of 1 30.5/50 Iaunchid =c645b5c6-b152-4ddt-3846-1424d4146136*/question/0 R Megan fuccing Strut.. R Pedal Commander L. * Pedal Commander I. R Godspeed Traction. R Res Hyper Street ll. Question 1 of 1 30.5/50 \begin{tabular}{l|l|l|} \hline \multicolumn{1}{|c|}{ Common Stock } & \\ \hline & 12/1Bal & 15,000 \\ \hline & 12/31Bal & 15,000 \\ \hline \end{tabular} \begin{tabular}{l|l|l|} \hline \multicolumn{1}{l}{ Retained Eamings } & \\ & 12/1Bal & 24300 \\ \hline & 12/31Bal & 24,300 \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{c|}{ Sales Revenie } & \\ & 12/10 & 6.300 \\ & 12/18 & 12,000 \\ \hline & 12/31801 & 18,300 \end{tabular} \begin{tabular}{l|r|r|} & Sales Discounts \\ 12/27 & 360 & \\ \hline 12/318121. & 360 & \end{tabular} \begin{tabular}{lr|r|} & \multicolumn{1}{c}{ Cost of Goods Sold } \\ \hline 12/30 & 4,400 \\ 12/36 & 7,300 & \\ \hline 12/21 Bat: & 12,300 & \end{tabular} 30.5/50 stion 1 of 1 Date Account Titles and Explanation Deco > Dec10 Dec10 -7 Saliries and Wages Prinath. Solaries and Wates Expiess cans cant Accounta Teceivabie Cunh Stier Reviroe (To record the sales rewerne) Conter costs bia imvistory (Torecond cont of soods solds) Debit Credit
