Can someone help me with this. Financial Accounting Tools for Business Decision Making, 6th edition. kimmel, weygandt, kieso. Page 272 Comprehensive problem CP5
Dec 6. Paid 1,600 for salaries due employees of which 600 is for december and 1000 is for November salaries payable
Dec 8. Received 1900 cash from customers in payment of accounts (no discounts allowed)
Dec 10 Sold merchandise for cash 6300. The cost of the merchandise sold was 1400
Dec 13 Purchased merchandise on account from Gong Co 9000, terms 2/10,n/30
Dec 15 Purchased supplies for cash 2000
Dec 18 Sold merchandise on account 12,000 terms 3/10,n/30. The cost of the merchandise sold was 8000
Dec 20 Paid salaries 1800
Dec 23 Paid Gong Co in full less discount
Dec 27 Received collections in full, less discounts, from customers billed on December 18.