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Bassani projects the following transactions for $2025$:

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Data table

Begin by completing the accounting equation for the $2025$ transactions. $($Use a minus sign or parentheses to enter account reductions and contra asset balances and activity.

Abbreviations used.$)$

Cash $+\frac{A}{R}+RM$ Inv. $+FG$ Inv $+$ Equip. $+(\frac{A}{D})=\frac{A}{P}+CS+RE$

Dec. $31,2024$$$2,700+$$$1,100+$$$400+$$$1,550+$$$14,000+$$$(3,500)=$$$1,200+$$$8,000+$$$7,050$

Sales $on$ acct. $++,+,+,+$

More info

a$.$ Sales on account, $$27,000$

b$.$ Cash receipts from customers from sales on account, $$19,500$

c$.$ Purchase of raw materials on account, $$9,000$

d$.$ Payments on account, $$7,500$

e$.$ Total cost of completed products, $$16,300,$ which includes the following:

Raw materials used, $$7,400$

Direct labor costs incurred and paid, $$4,600$

Manufacturing overhead costs incurred and paid, $$3,600$

Depreciation on manufacturing equipment, $$700$

f$.$ Cost of goods sold, $$13,400$

g$.$ Selling and administrative costs incurred and paid, $$4,000$

h$.$ Purchase of equipment, paid in $2025,$$$1,800$

transaction on the accour

Data table

Begin by completing the accounting equation for the $2025$ transactions. $($Use a minus sign or parentheses to enter account reductions and contra asset balances and activity.

Abbreviations used.$)$

Dec. $31,2024$

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