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Exercise 6-2 The following transactions are for Carla Vista Company 1. On December 3, Carla Vista Company sold $453,100 of merchandise to Sandhill Co. on
Exercise 6-2 The following transactions are for Carla Vista Company 1. On December 3, Carla Vista Company sold $453,100 of merchandise to Sandhill Co. on account. The cost of the merchandise sold was $317,100 2. On December 8, Sandhill Co. returned $22,800 of merchandise purchased on December 3. The cost of the goods was $16,000 3. On December 13, Carla Vista Company received the balance due from Sandhill Co. Prepare a tabular summary to record these transactions for Carla Vista Company using a perpetual inventory system. (Enter negative amounts using cither a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Assets - Liabilities Stockholders' Equity Retained Earnings Cash + Accts. Rec. + Inv - Accts. Pay. Common Stock+ Rev Exp. Dec. 3 Accounts receivable Bad dobt expense Sales revenue Cost of goods sold Seles returns & allowances 13 Click if you would like to Show Work for this question:Open Show Work
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