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please help 1/ 2/ The following transactions are for Oriole Company 1 On December 3, Oriole Company sold $585,800 of merchandise to Cheyenne Co, on
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The following transactions are for Oriole Company 1 On December 3, Oriole Company sold $585,800 of merchandise to Cheyenne Co, on account, terms 2/10,n/30, FOB destination. Oriole paid $360 for freight charges. The cost of the merchandise sold was $382,700. On December 8, Cheyenne Co. was granted an allowance of $26,800 for merchandise purchased on December 3. On December 13, Oriole Company received the balance due from Cheyenne Co. 2 3 (a) Prepare the journal entries to record these transactions on the books of Oriole Company using a perpetual inventory system, (list all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation (To record credit sale) (To record cost of merchandise sold) (To record credit sale) (To record cost of merchandise sold) (To record freight charges) e Textbook and Media In its income statement for the year ended December 31, 2022, Blue Company reported the following condensed data. $30,330 $729,040 Interest revenue Operating expenses Cost of goods sold Interest expense 1,330,000 16,380 Loss on disposal of plant assets Net sales 73,910 2,405,500 (a) Prepare a multiple-step income statement. (List other revenues before other expenses. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) BLUE COMPANY Income Statement 1/
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