Brief Exercise 6-2

Marigold Company buys merchandise on account from Martinez Company for $690. Marigold sells the goods to Ellis for $1,410 cash. Use a tabular summary to record the transactions for Marigold Company using a perpetual inventory system. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Brief Exercise 6-2 Marigold Company buys merchandise on account from Martinez Company for $690. Marigold sells the goods to Ellis for $1,410 cash. Use a tabular summary to record the transactions for Marigold Company using a perpetual inventory system. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Liabilities + Assets Stockholders' Equity Retained Earnings Accts. Commorn + Rev. Cash Inv. Pay.Stock+ Exp. SHOW LIST OF ACCOUNTS