Cash	Inventory	Equipment	Accts. Payable	Common stock	Rev.
	April 5th
	April 7th
	April 8th
	April 15

This information relates to Sheridan Co..

1.		On April 5, purchased merchandise from Crane Company for $27,200 on account.
2.		On April 7, purchased equipment on account for $34,200.
3.		On April 8, returned $4,600 of April 5 merchandise to Crane Company.
4.		On April 15, paid the amount due to Crane Company in full.

Prepare a tabular summary to record the transactions listed above for Rice Co. using a perpetual inventory system.