Question: I am having difficulty doing this question as it has several parts below. On December 1, 2022, Cullumber Distributing Company had the following account balances.





On December 1, 2022, Cullumber Distributing Company had the following account balances. Cash Accounts Receivable Inventory Supplies Equipment Debit $6,400 3,800 11.200 1.200 22.000 $44,600 Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Common Stock Retained Earnings Credit $2.200 3.700 1.000 15,000 22.700 $44.600 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 $5.500. The cost of the merchandise sold was $3,600, Purchased merchandise on account from Hecht Co. $6.400, terms 2/10, 1/30 15 Purchased supplies for cash $2,000. Sold merchandise on account $9,600,terms 3/10, 1/30. The cost of the merchandise sold was $6,300. 20 Paid salaries $1,200. 23 Paid Hecht Co. in full less discount 27 Received collections in fullless discounts, from customers billed on December 18 13 18 Question 1 of 1 > your answer is partially correct. Enter the December 1 balances in the ledger T-accounts and post the December transactions. (Post entries in t entries presented above.) Cash 12/1 Bal. 6,400 12/6 1,600 12/8 1,900 12/15 2,000 12/10 5,500 > 12/20 V 1,200 12/27 9,312 12/23 6272 12/31 Bal. 11,072 Accounts Receivable 12/1 Bal. 3,800 12/8 1,900 12/18 9,600 12/27 9,600 12/31 Bal. 1,900 Question 1 of 1 Accounts Receivable 12/1 Bal. 3,800 12/8 1.900 12/18 9,600 12/27 9,600 12/31 Bal. V 1.900 Inventory 12/1 Bal. 11,200 12/10 3,600 12/13 6,400 12/18 6,300 12/23 128 12/31 9.900 12/31 Bal. 17.728 Supplies 12/1 Bal. 1,200 12/15 2,000 12/31 3,200 Equipment Question 1 of 1 14.2 12/15 2,000 12/31 3,200 Equipment 12/1 Bal. 22,000 12/31 Bal. 22,000 Accumulated Depreciation-Equipment 2.200 12/1 Bal. 12/31 2,200 Accounts Payable 6,400 12/1 Bal. 12/23 3.700 12/13 V 6,400 12/31 Bal 10.100 Salaries and Wages Payable 1,000 12/1 Bat 1,000 12/6 Common Stock A [ ity 12/6 1,000 12/1 Bal 1,000 Common Stock 12/31 15,000 12/1 Bal. 15,000 Retained Earnings 12/31 22,700 12/1 Bal. 22,700 Sales Revenue 12/10 5,500 12/18 9.600 12/31 Bal. 15.100 Sales Discounts 12/27 288 [ 12/31 Bal. 15.100 Sales Discounts 12/27 288 12/31 Bal. v 288 Cost of Goods Sold 12/10 3,600 12/18 6,300 12/31 Bal. 9.900 Salaries and Wages Expense 12/6 600 12/20 1,200 e Textbook and Media A tv 18
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