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Question 20 of 20 6.96 / 40 Current Attempt in Progress On December 1, 2022, Crane Distributing Company had the following account balances. Debit Credit Cash $7,100 Accumulated Depreciation-Equipment $2,530 4,600 Accounts Payable 4,500 Accounts Receivable Inventory 12,500 Salaries and Wages Payable 1,000 Supplies 1,300 Owner's Capital 42.770 Equipment 25,300 $50,800 $50,800 During December, the company completed the following summary transactions Dec. 6 Pald $1,900 for salaries and wages due employees, of which $900 is for December and $1,000 is for November salaries and wages payable. Received $1,800 cash from customers in payment of account (no discount allowed). Sold merchandise for cash $6,500. The cost of the merchandise sold was $3,800. Purchased merchandise on account from Boehm Co. $9,000, terms 2/10,6730. Purchased supplies for cash $1,700, 10 13 15 MacBook Pro Question 20 of 20 6.96 / 40 Equipment 25,300 $50,800 $50,800 During December, the company completed the following summary transactions. Dec, 6 8 10 13 Paid $1,900 for salaries and wages due employees, of which $900 is for December and $1,000 is for November salaries and wages payable. Received $1,800 cash from customers in payment of account (no discount allowed). Sold merchandise for cash $6,500. The cost of the merchandise sold was $3,800. Purchased merchandise on account from Boehm Co. $9.000, terms 2/10,n/30. Purchased supplies for cash $1,700. Sold merchandise on account $12,900, terms 3/10, 1/30. The cost of the merchandise sold was $8,300. Paid salaries and wages $2.000. Paid Boehm Co. in full, less discount Received collections in full, less discounts, from customers billed on December 18. 15 18 20 23 27 Your answer is partially correct. Date Account Titles and Explanation Debit Credit Dec. 6 Salaries and Wages Expense 900 Sales Commissions Payable 1000 Cash 19 Dec. 8 Cash 1800 Accounts Receivable Dec. 10 Cash 6500 Sales Revenue (To record sales revenue) Dec. 10 Cost of Goods Sold 3800 reventory 3 (To record cost of goods sold) Dec 13 Inventory 9000 Accounts Payable Question 20 of 20 6.96 / 40 Dec 13 Inventory 7000 Accounts Payable 90 Dec 15 Supplies 1700 Cash 12 Dec 18 Accounts Receivable 12900 Sales Revenue 129 JIH (To record the sales revenue) Dec. 18 + Cost of Goods Sold 8300 Inventor (To record cost of goods sold) Dec 20 Salaries and Wages Exporte 2000 C Dec 230 Accounts Prable 9000 BB 18 Cast of Goods Sold 8300 Inventory 8300 (To record cost of goods sold) 20 Salaries and Wates Experte 2000 Cash 2000 23 Accounts Payable 9000 Cash 3820 Inventory 180 c. 27 14513 Sales Discount 387 Accounts Receivable 12900 eTextbook and Media List of Accounts Enter the December 1 balances in the ledger T-accounts and post the December transactions(Post entries in the order of journal entries presented above. If the balance is zero (O), select date from drop down and enter o for the amount in the column for the normal balance for that account.) Cash 12/1 Bal 7800 12/6 1900 12/8 1800 12/15 1700 12/10 6500 12/20 2000 12/27 12513 12/23 8820 12/31 Bal4 13493 Accounts Receivable 12/1 Bal 1600 12/8 1800 12/18 12900 12/27 A 12900 12/31 Bal 2 2800 Question 20 of 20 6.96 / 40 Inventory 12/1 Bal 12500 12/10 3800 12/13 7000 12/18 8300 12/23 180 12/31 Bal : 9220 Supplies 12/1 Bal 1300 12/31 1400 12/15 1700 12/31 Bal 1600 3000 3000 Equipment 12/1 Bal 25300 12/31 Bali 25300 25300 25300 Accumulated Depreciation Equinment 6.96 / 40 E Question 20 of 20 Accumulated Depreciation-Equipment 12/31 Bal 2760 12/1 Bal 25300 2760 12/31 230 Accounts Payable 12/31 9000 12/1 Bal 4500 12/31 Bal 0 4500 12/13 9000 13500 13500 Salaries and Wages Payable 12/6 1000 12/31 . 550 Owner's Capital 12/1 Bal 42770 12/31 Bal 42770 2 SA Question 20 of 20 . ? 1 command * command option Question 20 of 20 6.96740 1000 Textbook and Mode MacBook Pro B N M 5 SIN 6 7 8 9 O w E E R Y Y U 1 O s D F G ch H H j J K L : : X V B N N M ? . V 2 6 mand command option Question 20 of 20 69540 Presente CRANE DISTRIBUTING COMPANY Owny Statement Textbook Mesti MacBook Pro - 3 5 6 7 00 8 9 0 W E R T Y U 1 O P P S D F G H H J K L c A V B N M V. X mand Command optic Questo 20 01 20 CHANEDASTUTIN COCTANY 2 4 1 5 7 8 . w E R 7 Y U 1 O P L S D F G J KL C V B N M > . . 20 non 30 Commons option Question 20 of 20 UL Untity . TechMida Macbook Pro G - 3 4 5 7 10 9 0 11 w E R T Y U 1 o O P S D F G H J K L V > B N M ? V. - st wand command option Question 20 of 20 6.96 / 40 Current Attempt in Progress On December 1, 2022, Crane Distributing Company had the following account balances. Debit Credit Cash $7,100 Accumulated Depreciation-Equipment $2,530 4,600 Accounts Payable 4,500 Accounts Receivable Inventory 12,500 Salaries and Wages Payable 1,000 Supplies 1,300 Owner's Capital 42.770 Equipment 25,300 $50,800 $50,800 During December, the company completed the following summary transactions Dec. 6 Pald $1,900 for salaries and wages due employees, of which $900 is for December and $1,000 is for November salaries and wages payable. Received $1,800 cash from customers in payment of account (no discount allowed). Sold merchandise for cash $6,500. The cost of the merchandise sold was $3,800. Purchased merchandise on account from Boehm Co. $9,000, terms 2/10,6730. Purchased supplies for cash $1,700, 10 13 15 MacBook Pro Question 20 of 20 6.96 / 40 Equipment 25,300 $50,800 $50,800 During December, the company completed the following summary transactions. Dec, 6 8 10 13 Paid $1,900 for salaries and wages due employees, of which $900 is for December and $1,000 is for November salaries and wages payable. Received $1,800 cash from customers in payment of account (no discount allowed). Sold merchandise for cash $6,500. The cost of the merchandise sold was $3,800. Purchased merchandise on account from Boehm Co. $9.000, terms 2/10,n/30. Purchased supplies for cash $1,700. Sold merchandise on account $12,900, terms 3/10, 1/30. The cost of the merchandise sold was $8,300. Paid salaries and wages $2.000. Paid Boehm Co. in full, less discount Received collections in full, less discounts, from customers billed on December 18. 15 18 20 23 27 Your answer is partially correct. Date Account Titles and Explanation Debit Credit Dec. 6 Salaries and Wages Expense 900 Sales Commissions Payable 1000 Cash 19 Dec. 8 Cash 1800 Accounts Receivable Dec. 10 Cash 6500 Sales Revenue (To record sales revenue) Dec. 10 Cost of Goods Sold 3800 reventory 3 (To record cost of goods sold) Dec 13 Inventory 9000 Accounts Payable Question 20 of 20 6.96 / 40 Dec 13 Inventory 7000 Accounts Payable 90 Dec 15 Supplies 1700 Cash 12 Dec 18 Accounts Receivable 12900 Sales Revenue 129 JIH (To record the sales revenue) Dec. 18 + Cost of Goods Sold 8300 Inventor (To record cost of goods sold) Dec 20 Salaries and Wages Exporte 2000 C Dec 230 Accounts Prable 9000 BB 18 Cast of Goods Sold 8300 Inventory 8300 (To record cost of goods sold) 20 Salaries and Wates Experte 2000 Cash 2000 23 Accounts Payable 9000 Cash 3820 Inventory 180 c. 27 14513 Sales Discount 387 Accounts Receivable 12900 eTextbook and Media List of Accounts Enter the December 1 balances in the ledger T-accounts and post the December transactions(Post entries in the order of journal entries presented above. If the balance is zero (O), select date from drop down and enter o for the amount in the column for the normal balance for that account.) Cash 12/1 Bal 7800 12/6 1900 12/8 1800 12/15 1700 12/10 6500 12/20 2000 12/27 12513 12/23 8820 12/31 Bal4 13493 Accounts Receivable 12/1 Bal 1600 12/8 1800 12/18 12900 12/27 A 12900 12/31 Bal 2 2800 Question 20 of 20 6.96 / 40 Inventory 12/1 Bal 12500 12/10 3800 12/13 7000 12/18 8300 12/23 180 12/31 Bal : 9220 Supplies 12/1 Bal 1300 12/31 1400 12/15 1700 12/31 Bal 1600 3000 3000 Equipment 12/1 Bal 25300 12/31 Bali 25300 25300 25300 Accumulated Depreciation Equinment 6.96 / 40 E Question 20 of 20 Accumulated Depreciation-Equipment 12/31 Bal 2760 12/1 Bal 25300 2760 12/31 230 Accounts Payable 12/31 9000 12/1 Bal 4500 12/31 Bal 0 4500 12/13 9000 13500 13500 Salaries and Wages Payable 12/6 1000 12/31 . 550 Owner's Capital 12/1 Bal 42770 12/31 Bal 42770 2 SA Question 20 of 20 . ? 1 command * command option Question 20 of 20 6.96740 1000 Textbook and Mode MacBook Pro B N M 5 SIN 6 7 8 9 O w E E R Y Y U 1 O s D F G ch H H j J K L : : X V B N N M ? . V 2 6 mand command option Question 20 of 20 69540 Presente CRANE DISTRIBUTING COMPANY Owny Statement Textbook Mesti MacBook Pro - 3 5 6 7 00 8 9 0 W E R T Y U 1 O P P S D F G H H J K L c A V B N M V. X mand Command optic Questo 20 01 20 CHANEDASTUTIN COCTANY 2 4 1 5 7 8 . w E R 7 Y U 1 O P L S D F G J KL C V B N M > . . 20 non 30 Commons option Question 20 of 20 UL Untity . TechMida Macbook Pro G - 3 4 5 7 10 9 0 11 w E R T Y U 1 o O P S D F G H J K L V > B N M ? V. - st wand command option