Riverbed Company buys merchandise on account from Concord Company for $652. Riverbed sells the goods to Ellis for $990 cash. Use a tabular summary to record the transactions for Riverbed Company using 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 e.g. -45 or parentheses e.g. (45).) Cash Assets Inv. 11 Liabilities Accts. Pay. Common Stock

Riverbed Company buys merchandise on account from Concord Company for $652. Riverbed sells the goods to Ellis for $990 cash. Use a tabular summary to record the transactions for Riverbed Company using 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 e.g. -45 or parentheses e.s. (45).)