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On October 5. Marigold Company buys merchandise on account from Lasse Company. The purchase price of the goods is $3,510. On October 20, Marigold sells
On October 5. Marigold Company buys merchandise on account from Lasse Company. The purchase price of the goods is $3,510. On October 20, Marigold sells all of the merchandise to Thom for $5,070 cash Use a tabular summary to record the transactions for Marigold Company using a perpetual inventory system (Enter negative amounts using either a negative sign preceding the numbers. -45 or parentheses eg. (451) Assets Liabilities Cash Inv. Accts. Pay Commi Oct. 5 $ Oct 20 On October 5. Marigold Company buys merchandise on account from Lasse Company. The purchase price of the goods is $3,510. On October 20, Marigold sells all of the merchandise to Thom for $5.070 cash. Use a tabular summary to record the transactions for Marigold Company using a perpetual inventory system. (Enter negative amounts using either a negative sign preceding the number eg, -45 or parentheses es (451) Stockholders' Equity Retained Earnings Exp. . Common Stock Rev. $ Sales revenue Bad debt expense Cost of goods sold Accounts receivable Sales returns & allowances e Textbook and Media
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