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1. On April 5, purchased merchandise from Sunland Company for $35,600 on account. 2. On April 7, purchased equipment on account for $37,200. 3.
1. On April 5, purchased merchandise from Sunland Company for $35,600 on account. 2. On April 7, purchased equipment on account for $37,200. 3. On April 8, returned $5,000 of April 5 merchandise to Sunland Company. 4. On April 15, paid the amount due to Sunland Company in full. Prepare a tabular summary to record the transactions listed above for Blossom Co. using a perpetual inventory system. Include margin explanations for the changes in revenues and expenses. (Enter negative amounts using either a negative sign preceding the mumber e.g. -45 or parentheses e.g. (45).) April 5 7 00 8 15 + Cash + Assets Inv. +A $ +A Equipment Lia Ac +A $
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