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Curre Attempt in Progress The following transactions are for Oriole Company. L 2 On December 3. Oriole Company sold $550,000 of merchandise to Pharoah Co.
Curre Attempt in Progress The following transactions are for Oriole Company. L 2 On December 3. Oriole Company sold $550,000 of merchandise to Pharoah Co. on account. The cost of the merchandise sold was $363,000. On December B, Pharoah Co. returned $27.500 of merchandise purchased on December 3. The cost of the goods was $17,600. On December 13, Oriole Company received the balance due from Pharoah Co. Prepare a tabular summary to record these transactions for Oriole Company using a perpetual inventory system. (Enter negative amounts using either a negative sign preceding the number eg-45 or parentheses es (45)) Assets Liabili Acc Date Cash Accts. Rec Inventory Pay $ Dec. 3 $ Prepare a tabular summary to record these transactions for Oriole 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).) Date Dec. 3 8 13 A Assets Liabili Acct Accts. Cash Rec. Inventory Pay Accts. Pay. Common Stock Rev. Retained Earnings Exp. Retained Earnings SA $ Exp. > > >
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