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Current Attempt in Progress On October 5, Bridgeport Company buys merchandise on account from Lasse Company. The purchase price of the goods is $4,030. On
Current Attempt in Progress On October 5, Bridgeport Company buys merchandise on account from Lasse Company. The purchase price of the goods is $4,030. On October 20, Bridgeport sells all of the merchandise to Thom for $6,330 cash. Use a tabular summary to record the transactions for Bridgeport 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).) Assets Liabilities + Stockholders' Equity Retained Earnings Exp. Cash + Inv. Accts. Pay. + Common Stock Rev. Oct. 5 $ Oct. 20 e Textbook and Media Bad debt expense Sales revenue Accounts receivable Sales returns & allowances Cost of goods sold List of Accounts
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