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Please answer D On December 1, 2022, Sheffield Corp. had the following account balances. During December, the company completed the following summary transactions. Dec. Paid
Please answer D
On December 1, 2022, Sheffield Corp. had the following account balances. During December, the company completed the following summary transactions. Dec. Paid $1,600 for salaries and wages due employees, of which $500 is for December and $1,100 is for 6 November salaries and wages payable. 8 Received $1,900 cash from customers in payment of account (no discount allowed). 10 Sold merchandise for cash $6,400. The cost of the merchandise sold was $4,300. 13 Purchased merchandise on account from Hecht Co. $8,800, terms 2/10,n/30. 15 Purchased supplies for cash $2,100. 18 Sold merchandise on account $11,800, terms 3/10,n/30. The cost of the merchandise sold was $8,200. 20 Paid salaries wages $1,800. 23 Paid Hecht Co. in full, less discount. 27 Received collections in full, less discounts, from customers billed on December 18. Prepare an adjusted trial balanceStep by Step Solution
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