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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
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 + + Stoi Cash + Inv. = Accts. Pay. Common Stock + Rev. + Oct. 5 $ Oct. 20 eTextbook and Media List of Accounts
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