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Brief Exercise 6-3 Use a tabular summary to record the following transactions for Carla Vista Co. using a perpetual inventory system. (a) On March 2,
Brief Exercise 6-3 Use a tabular summary to record the following transactions for Carla Vista Co. using a perpetual inventory system. (a) On March 2, Carla Vista Co. sold $931,800 of merchandise to Wildhorse Co. on account. The cost of the merchandise sold was $565,700 (b) On March 6, Wildhorse Co. returned $119,500 of the merchandise purchased on March 2. The cost of the merchandise returned was $63,600 (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.(45).) Assets - Liabilities + Stockholders' Equity Retained Earnings Cash +Accts. Rec.+ Inv Accts. Pay. +Common Stock + Rev Exp. a) Mar2 b) 6 c) 12
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