BettyBetty

?Bailey's Textiles,? Inc., uses a perpetual inventory system. Enter the following transaction into the accounting? equation:In? February,

BettyBetty

?Bailey's sold

$ 510 comma 000$510,000

of merchandise on account with terms

33?/10,

?n/30. The cost of the merchandise sold was

$ 200 comma 000$200,000.

Enter the transaction into the accounting equation. Some of the

accounts

will be abbreviated. ?(Use parentheses or a minus sign when entering component decreases. Use only the necessary input? lines.)

						Shareholders' Equity
Assets		=	Liabilities		+	Contributed Capital		+	Retained Earnings
$	Account		$	Account		$	Account		$	Account
		=			+			+
		=			+			+