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Please help with the adjusted trial balance, Thanks! Comprehensive Accounting Cycle Review 5-1 (Part Level Submission) On December 1, 2017, Devine Distributing Company had the
Please help with the adjusted trial balance, Thanks!
Comprehensive Accounting Cycle Review 5-1 (Part Level Submission) On December 1, 2017, Devine Distributing Company had the following account balances Debit Cash Accounts Receivable Inventory Supplies Equipment Credit $7,300 Accumulated Depreciation-Equipment $2,200 4,800 1,000 15,100 25,100 $48,200 5,000 12,400 Accounts Payable Salaries and Wages Payable 1,500 Common Stock 22,000 Retained Earnings $48,200 During December, the company completed the following summary transactions. Dec. 6 8 10 13 15 18 20 23 27 Paid $1,900 for salaries due employees, of which $900 is for December and $1,000 is for November salaries payable Received $1,800 cash from customers in payment of account (no discount allowed). Sold merchandise for cash $6,700. The cost of the merchandise sold was $3,900 Purchased merchandise on account from Hecht Co. $9,400, terms 2/10, n/30 Purchased supplies for cash $1,800 Sold merchandise on account $12,400, terms 3/10, n/30. The cost of the merchandise sold was $8,200 Paid salaries $1,600 Paid Hecht Co. in full, less discount. Received collections in full, less discounts, from customers billed on December 18Step by Step Solution
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