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post adjusted trial, balance, post, financial statements, post-post closing entries, post ledger after closing. thanks! During December, the company completed the following summary transactions. Dec,
post adjusted trial, balance, post, financial statements, post-post closing entries, post ledger after closing. thanks!
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 merchandise on account from Hecht Co. $8,000, terms 2/10,n/30. 15 Purchased supplies for cash $2,000. 18 Sold merchandise on account $12,000, terms 3/10,n/30. The cost of the merchGidise sold was $7,900. 20 Paid salaries $2,000. 23 Paid Hecht Co. in full, less discount. 27. Received collections in full, less discounts, from customers billed on December 18 , Your answer is correct. Adjustment data: 1. Accrued salaries payable $500. 2. Depreciation $200 per month. 3. Supplies on hand $1,500. 4. Income tax due and unpaid at December 31 is $100. WILDHORSE DISTRIBUTING COMPANY Adjusted Trial Balance Adjusted Triation Accounts Recelvable 2700 Inventory Supplies Equipment 22000 Accumulated Depreciation-Equipment Step by Step Solution
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