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Current Attempt in Progress Prepare a tabular summary to record the following transactions on Oriole Company's books using a perpetual inventory system. Include margin explanations
Current Attempt in Progress Prepare a tabular summary to record the following transactions on Oriole Company's books using a perpetual inventory system. Include margin explanations for the changes in revenues and expenses. On September 3. Pharoah Company sold $ 770,000 of merchandise to Oriole Company on account, terms 2/10,n/30. The cost of the merchandise sold was $ 473.000. b. On September 6, Oriole Company returned $ 99,000 of the merchandise purchased on September 3. The seller's cost of the merchandise returned was $ 66,000. C. On September 13, Oriole Company paid the balance due to Pharoah Company. ter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45).) Assets Liabilities + Date Cash Accounts Payable + Inventory Comi Sto + Sep. 3 $ $ $ 6 13 Save fer Later Attempts:0 of 3 used Submit Answer nter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45).) Stockholders' Equity Retained Earnings Common Stock Rev. Exp. Div. $ $ $ Save for Later Attempts: 0 of 3 used Submit Answer Retained Earnings Exp. Div. $ Salaries and wages expense Dividend declared Sales revenue Cost of goods sold Attem Sales returns and allowances
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