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Hello this is for my accounting class. I am clueless. Question 6 View Policies Current Attempt in Progress This information relates to Blossom Co.. 1.
Hello this is for my accounting class. I am clueless.
Question 6 View Policies Current Attempt in Progress This information relates to Blossom Co.. 1. On April 5, purchased merchandise from Sunland Company for $25,000 on account. 2. On April 7. purchased equipment on account for $30,000. 3. On April 8, returned $3,500 of April 5 merchandise to Sunland Company. 4. On April 15, paid the amount due to Sunland Company in full. Prepare a tabular summary to record the transactions listed above for Rice Co. using a perpetual inventory system. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45).) Assets Liabilities Stockholders' Equity Retained Earnings Inv. Equipment Accts. Pay. + Common Stock Rev. Exp. 25,000 e Textbook and Media List of AccountsStep by Step Solution
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