continuation

other side of the question

Current Attempt in Progress Use a tabular summary to record the following transactions for Oriole Company using a perpetual inventory system Include margin explanations for the changes in revenues and expenses. (a) On March 2 Oriole Company sold \$704,000 of merchandise to Pharoah Company on account. The cost of the merchandise sold was $475,200 (b) On March 6. Pharoah Company returned $123,200 of the merchandise purchased on March 2. The cost of the merchandise returned was $82,720. (c) On Marci 12, Oriole Company received the balance doe from Pharoah Company. - Decreases in assets, iabdities, or stockholders' equity require a nesotive sign or parentheses. - increases in expenses require o negotive sign or porentheses. - Reductions in revenues require a negative sign or parenthesek. Reductiona in rcyenues mejule ir negutive signor porentheirs zn or parentheses