Salaries and Wages Expense Supplies Expense Supplies 12/1 Bal. 1,200 12/31 400 12/15 1,600 12/31 Bal. 2400 Equipment 12/1 Bal. 12/31 Bal. 24,200 24,200 Accumulated thepreciation-Equipment 12/1 Bal. 2,420 12/31 220 13 Purchased merchandise on account from Oriole Co. $8,900, terms 2/10,n/30. 15 Purchased supplies for cash $1,600. 18 Sold merchandise on account $12,800, terms 3/10,n/30. The cost of the merchandise sold was $8,300. 20 Paid salaries and wages $1,800. 23 Paid Oriole Co. in full, less discount. 27 Received collections in full, less discounts, from customers billed on December 18. Adjustment data: 1. Salaries and wages incurred but not yet paid $800. 2. Depreciation $220 per month. 3. Supplies on hand $1,600. uestion 1 of 1 47.41 / 100 On December 1, 2022, Ivanhoe Distributing Company had the following account balances. During December, the company completed the following summary transactions. Dec. Paid $1,550 for salaries and wages due employees, of which $550 is for December and 6$1,000 is for November salaries and wages payable. 8 Received $2,000 cash from customers in payment of account (no discount allowed). 10 Sold merchandise for cash $6,800. The cost of the merchandise sold was $3,800. 13 Purchased merchandise on account from Oriole Co. $8,900, terms 2/10,n/30. Salaries and Wages Expense Supplies Expense Supplies 12/1 Bal. 1,200 12/31 400 12/15 1,600 12/31 Bal. 2400 Equipment 12/1 Bal. 12/31 Bal. 24,200 24,200 Accumulated thepreciation-Equipment 12/1 Bal. 2,420 12/31 220 13 Purchased merchandise on account from Oriole Co. $8,900, terms 2/10,n/30. 15 Purchased supplies for cash $1,600. 18 Sold merchandise on account $12,800, terms 3/10,n/30. The cost of the merchandise sold was $8,300. 20 Paid salaries and wages $1,800. 23 Paid Oriole Co. in full, less discount. 27 Received collections in full, less discounts, from customers billed on December 18. Adjustment data: 1. Salaries and wages incurred but not yet paid $800. 2. Depreciation $220 per month. 3. Supplies on hand $1,600. uestion 1 of 1 47.41 / 100 On December 1, 2022, Ivanhoe Distributing Company had the following account balances. During December, the company completed the following summary transactions. Dec. Paid $1,550 for salaries and wages due employees, of which $550 is for December and 6$1,000 is for November salaries and wages payable. 8 Received $2,000 cash from customers in payment of account (no discount allowed). 10 Sold merchandise for cash $6,800. The cost of the merchandise sold was $3,800. 13 Purchased merchandise on account from Oriole Co. $8,900, terms 2/10,n/30