Question 1 of 1 -120vdots-= On December 1, 2022 Sandhill Co. had the following account...
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Question 1 of 1 -120vdots-= On December 1, 2022 Sandhill Co. had the following account balances. Debits 1 Credits Cash $19,000 Accumulated Depreciation-Equipment $3,270 Notes Receivable 2,200 Accounts Payable 6,010 Accounts Receivable 7,650 Common Stock 49,600 Imventory 17,000 Retained Earnings 20,340 Prepaid Insurance 1,870 Equipment 31,500 $79,220 $79,220 During December, the company completed the following transactions. Dec. 7 Received $3,640 cash from customers in payment of account (no discount allowed). 12 Purchased merchandise on account from Green Co.$12,400, terms 1//10,n//30. 17 Sold merchandise on account $16,900, terms 2//10,n//30. The cost of the merchandise sold was $10,200.
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