Question 20 of 20 - / 40 On December 1, 2022, Crane Distributing Company had the following account balances. Debit Credit Cash $7.100 $2,530 Accounts Receivable 4.600 4,500 Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Owner's Capital Inventory 12,500 1.000 Supplies 1,300 42,770 Equipment 25,300 $50.800 $50,800 8 During December, the company completed the following summary transactions Dec. 6 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, 1/30. 15 Purchased supplies for cash $1,700 Sold merchandise on account $12,900, terms 3/10,n/30. The cost of the merchandise sold was $8,300. 10 13 18 20 Paid salaries and wages $2.000, ! 37, UU HCLUDERETTE 433 Accounts Receivable 4,600 Accounts Payable 4,500 12.500 Salaries and Wages Payable 1,000 Inventory Supplies Equipment 1.300 Owner's Capital 42.770 25.300 $50,800 $50.800 8 During December the company completed the following summary transactions Dec 6 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./30 15 Purchased supplies for cash $1,700. Sold merchandise on account $12,900, terms 3/10, 1/30. The cost of the merchandise sold was $8,380, Pald salaries and wages $2.000. 10 13 18 20 23 Paid Boehm Co. in full, less discount 27 Received collections in full, less discounts, from customers billed on December 18 1 (To record sales revenue) MacBook Pro K Q # $ % A Question 20 of 20 > - / 40 E (To record cost of goods sold) (To record the sales revenue) (To record cost of goods sold) Question 20 of 20