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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

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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 merchandiser on account from Hechit Co, $8,000, terms 2/10, n/30. 15 Purchased supplies for cash $2.000. 18 Sold merchandise on account $12.000, terms 3/20, nva. The cost of the merchandise sold was $7,900, 20 Paidsalaries $2,000. 23 Paidriecht Co in full, fess discount. 27 Received collections in full, less discounts, from customen billed on December 28. Date Account Titles and Explanation Debit Credit Dec 6 Dec. B (Torecord the sales revenue) (To record cost of goods sold.) Dec 13 Dec 15 (To record the sales revenue.) (To record cost of goods sold.) Dec 1B Desc 20 (To record the sales revenue.) (To recurd cost of goods sold.) Dec. 18 Dec. 16

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