Question 7 of 7 On December 1, 2025, Waylon Company had the account balances shown below. Cash Accounts Receivable Inventory Equipment Dec. 3 5 7 17 Debit 22 $4,800 3,900 1,800 21,000 Inventory = (3,000 $0.60) The following transactions occurred during December. $31,500 Accumulated Depreciation-Equipment Accounts Payable Common Stock Retained Earnings Credit $1,500 3,000 10,000 17,000 $31,500 3.17/10 E Purchased 4,000 units of inventory on account at a cost of $0.72 per unit. Sold 4,400 units of inventory on account for $0.90 per unit. (Waylon sold 3,000 of the $0.60 units and 1,400 of the $0.72 units.) Granted the December 5 customer $180 credit for 200 units of inventory returned costing $144. These units were returned to inventory. Purchased 2,200 units of inventory for cash at $0.80 each. Sold 2,000 units of inventory on account for $0.95 per unit. (Waylon sold 2,000 of the $0.72 units.)

The following transactions occurred during December. Dec. 3 Purchased 4.000 units of inventory on account at a cost of $0.72 per unit. 5 Sold 4.400 units of inventory on aecount for $0,90 per unit. Waylon sold 3,000 of the $0.60 units and 1,400 of the $0.72 units) 7. Granted the December 5 customer $180 credit for 200 units of imventory returned costing $144. These units were returned to inventory. 17 Purchased 2,200 units of inventory for cash at $0,80 each. 22 Sold 2,000 units of inventory on account for $0.95 per unit. (Waylon sold 2,000 of the $0.72 units) On December 1,2025. Waylon Company had the account balances shown below. Inventory =(3,000$0.60) The following transactions occurred during December. Dec.3 Purchased 4.000 units of inventory on account at a cost of 50.72 per unit. 5 Sold 4,400 units of inventory on account for $0,90 per unit. (Waylon sold 3,000 of the 50.60 units and 1,400 of the $0.72 units.) 7 Granted the December 5 customer $180 credit for 200 units of inventory retumed costing $144. These units were returned to inventory. 17 Purchased 2,200 units of imventory for cashat $0,80 each. 22 Sold 2.000 units of imventory on account for $0.95 per unit. (Waylon sold 2.000 of the $0.72 units)