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On December 1,2022, Crane Distributing Company had the following account balances. During December, the company completed the following summary transactions. Dec. 6 Paid $1,600 for

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On December 1,2022, Crane 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 $6,500. The cost of the merchandise sold was $4,600. 13 Purchased merchandise on account from Hecht Co, $8,400, terms 2/10,n/30. 15 Purchased supplies for cash $2,000. 18 Sold merchandise on account $12,600, terms 3/10,n/30. The cost of the merchandise sold was $8,300. 20 Paid salaries $2,200 23. Paid Hecht Co, in full, less discourt. On December 1,2022, Crane 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 $6,500. The cost of the merchandise sold was $4,600. 13 Purchased merchandise on account from Hecht Co, $8,400, terms 2/10,n/30. 15 Purchased supplies for cash $2,000. 18 Sold merchandise on account $12,600, terms 3/10,n/30. The cost of the merchandise sold was $8,300. 20 Paid salaries $2,200 23. Paid Hecht Co, in full, less discourt

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