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On December 1, 2012, Shiras Distributing Company had the following account balances.
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 $6,300. The cost of the merchandise sold was $4,100.13 Purchased merchandise on account from Gong Co. $9,000, terms 2/10, n/30.15 Purchased supplies for cash $2,000.18 Sold merchandise on account $12,000,
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