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Ivanhoe Co. had the following transactions during October. 1. 2. On October 8, purchased merchandise on account from Oriole Company for $14,500, terms 2/10,n/30. On October 9. paid freight costs of $430 on merchandise purchased from Oriole Company. On October 11, returned $2,400 of October 8 merchandise to Oriole Company, On October 18, paid the amount due to Oriole Company in full. 3. 4. Use a tabular summary to record the transactions listed above for Ivanhoe Co's books. IvanhoeCo. uses a perpetual inventory system. Include margin explanations for the changes in revenues and expenses.(Enter negative amounts using either a negative sign preceding the numberes. -15 or parentheses es. (151) Assets Liabilities Accounts Payable Date Cash Inventory Co Oct. 8 $ $ $ 9 11 18 Use a tabular summary to record the transactions listed above for Ivanhoe Co's books. IvanhoeCo. uses a perpetual inventory system. Include margin explanations for the changes in revenues and expenses.(Enter negative amounts using either a negative sign preceding the number es. -45 or parentheses c.9. (451) Stockholders' Equity Retained Earnings Common Stock Rev. Exp. Div. $ $ rs' Equity Retained Earnings Div. $ Sales revenue Cost of goods sold Dividends declared Salaries and wages expense