Exercise 6-2 The following transactions are for Oriole Company 1. on December 3, Oriole Company sold $455,200 of merchandise to Cullumber Co. on account. The cost of the merchandise sold was $316,500. 2. On December 8, Cullumber Co. returned $23,500 of merchandise purchased on December 3. The cost of the goods was $16,000 Co. Prepare a tabular summary to record these transactions or Oriole Company using a perpetual inventory system. (Enter negative ?mounts using either ? negative sign preceding the number eg, 45 or parentheses e.g. (45).) Assets Liabilities + Stockholders Equity Retained Earnings Cash + Accts. Rec. Inv - Accts. Pay. Common Stock Rev Exp. Dec. 3 13