On December 1, 2025, Sandhill Distributing Company had the following account balances. Cash Accounts Receivable Inventory Supplies Equipment Dec. 6 10 8 13 15 18 20 23 27 Debit $8,200 During December, the company completed the following summary transactions. 5,600 13,000 1,200 22,000 $50,000 Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Common Stock Retained Earnings Credit $2,200 5.500 1,000 15,000 26,300 $50,000 Paid $1,600 for salaries due employees, of which $600 is for December and $1,000 is for November salaries payable. Received $1,900 cash from customers in payment of account (no discount allowed). Sold merchandise for cash $7,300. The cost of the merchandise sold was $5,400. Purchased merchandise on account from Hecht Co. $10,000, terms 2/10, n/30. Purchased supplies for cash $2,000. Sold merchandise on account $15,000, terms 3/10, n/30. The cost of the merchandise sold was $9,900. Paid salaries $3,000. Paid Hecht Co. in full, less discount. Received collections in full, less discounts, from customers billed on December 18.

On December 1, 2025, Sandhill 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 $7,300. The cost of the merchandise sold was $5,400. 13 Purchased merchandise on account from Hecht Co. $10,000, terms 2/10,n/30. 15 Purchased supplies for cash $2,000. 18 Sold merchandise on account $15,000, terms 3/10,n/30. The cost of the merchandise sold was $9,900. 20 Paid salaries $3,000. 23 Paid Hecht Co. in full, less discount: 27 Received collections in full, less discounts, from customers billed on December 18. Date Account Irties and Lxpranation Debut creant Salaries and Whos Payable Salariesand Wages Poyable Cosh \begin{tabular}{ll|} \hline Dec8 & \\ \hline \end{tabular} Cash Accounts Receivable Dec: 10 Cosh Sales (To record the sales revenue). Dec10V Cost of Coods sold Merchandise To record cost of goods sold.) Dec 194 Merchandise Hecht Co Dec 15 Merchandise Cash Acrounts Roceivable Sales. Dec 18 Acroints Rectivble Dec 15 Merchandise Cash Dec18 Accounts Receivable Sale: (To record the sales revenue.) Dec 18 Cost of Goods Sold Merchandise (To record cost of goods sold.) Dec 20 Cash Salaries and Wages Payable Dec 23 Hecht Co. Cash Discount Recieved Dec27 Cash Discount Accounts Receivable