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Carla Vista Co. had the following transactions during October. 1. On October 8, purchased merchandise on account from Sandhill Company for $19,300, terms 2/10,
Carla Vista Co. had the following transactions during October. 1. On October 8, purchased merchandise on account from Sandhill Company for $19,300, terms 2/10, n/30. 2. On October 9, paid freight costs of $590 on merchandise purchased from Sandhill Company. 3. On October 11, returned $4,000 of October 8 merchandise to Sandhill Company. 4. On October 18, paid the amount due to Sandhill Company in full. Use a tabular summary to record the transactions listed above for Carla Vista Co.'s books. Carla VistaCo. uses 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).) Date Oct. 8 9 11 18 +A $ Assets Liabilities + Cash + Inventory Accounts Payable + Common Stock + $ $ $ Rev. Stockholders' Equity Retained Earnings Exp. $ $ Div.
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