1. This information relates to Wildhorse Co.

1.		On April 5, purchased merchandise from Sandhill Company for $35,000 on account.
2.		On April 7, purchased equipment on account for $36,600.
3.		On April 8, returned $4,900 of April 5 merchandise to Sandhill Company.
4.		On April 15, paid the amount due to Sandhill Company in full.

Prepare a tabular summary to record the transactions listed above for Wildhorse 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 number e.g. -45 or parentheses e.g. (45).)

2. Ayayai Company buys merchandise on account from Whispering Winds Company for $472. Ayayai sells the goods to Ellis for $720 cash. Use a tabular summary to record the transactions for Ayayai Company 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 number e.g. -45 or parentheses e.g. (45).)

3. Use a tabular summary to record the following transactions for Carla Vista Co. using a perpetual inventory system. Include margin explanations for the changes in revenues and expenses.

(a)		On March 2, Carla Vista Co. sold $944,000 of merchandise to Wildhorse Co. on account. The cost of the merchandise sold was $637,200.
(b)		On March 6, Wildhorse Co. returned $165,200 of the merchandise purchased on March 2. The cost of the merchandise returned was $110,920.
(c)		On March 12, Carla Vista Co. received the balance due from Wildhorse Co..

(Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (4